
Modesto, CA 95350
This duplex presents a Strong Value Opportunity with a List Price of $599,000—positioned well below the $551,866 Fair Market Value by -8%. While the property is currently priced above the estimated market value, it remains a stable Buy-and-Hold Investment due to its long-term rental income and prime location near Davis High School. Featuring a Fair Condition Rating, the asset offers significant upside through modernization. With a shared patio and attached garages, this property is an ideal acquisition for first-time buyers or investors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2206 Tully Road Subject | $599,000* List Price | 4 | 2 | 2,012 | $274 | - |
A 1301 Oakwood Drive Sold | $470,000 | 4 | 2 | 1,800 | $261 | 0.8 mi |
B 1625 W Rumble Road Pending | $535,000 List Price | 4 | 2 | 1,700 | $315 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1959, this property is well-maintained but significantly dated. The kitchen and bathrooms feature older tile countertops and original-style cabinetry that, while functional, require modernization. The presence of wall-mounted AC units suggests the lack of a modern central HVAC system, and the overall interior finishes are over 20-30 years old, fitting the 'Fair' criteria for properties needing updates.
With long-term tenants currently paying below-market rates, this duplex offers immediate rental stability alongside a prime opportunity for future revenue growth through market adjustments.
The property is ideally situated near Highway 99, Davis High School, and major shopping hubs, making it a highly desirable location for tenants who prioritize accessibility and convenience.
Each unit features a spacious 1,006 sqft layout with rare and high-demand amenities such as attached single-car garages, interior laundry hookups, and a shared community patio.
Built in 1959 and held by the original owners for decades, the property likely requires capital investment for cosmetic and system updates to achieve its full market potential.
Located on Tully Road, a major Modesto thoroughfare, the property may experience higher noise levels and traffic volume, which could be a deterrent for some residential tenants.
Welcome to 2206 & 2208 Tully Road in Modesto - A Well-Loved Duplex with Exceptional Investment Potential! Offered for sale for the first time in many years, this charming duplex has been loved by its original owners and is filled with years of wonderful memories. The shared patio in the middle has long been a favorite gathering place where adjoining neighbors have enjoyed coffee, iced tea, lunch, and meaningful conversations - a true sense of community that is hard to find. With approximately 2,012 square feet of living space, each unit offers 1,006 square feet and features 2 bedrooms, 1 bathroom, a spacious living room with a large picture window that fills the home with natural light, an adjoining dining area, a functional kitchen with a cozy breakfast nook area, inside laundry hookups, and an attached single-car garage for each. Unit 2208 also offers a private backyard with convenient driveway access. Ideally situated between Briggsmore & Standiford Avenues, this property is just a couple of blocks from Davis High School and conveniently close to grocery shopping, parks, restaurants, coffee shops, and provides quick access to Highway 99making it an attractive location for commuters. Both units are occupied by long-term, conscientious tenants who take pride in their homes, providing immediate and dependable rental income. Current rents are below market value, presenting an excellent opportunity for future income growth through annual rent increases or market adjustments as units become available. This is a great opportunity to update and add value. Whether you're an experienced investor looking for a solid, income-producing property or a first-time buyer considering owner-occupancy while generating rental income from the second unit, this duplex offers flexibility, stability, and long-term upside. A rare opportunity to own a investment property in a desirable location with strong income potential. Don't miss your chance to make 2206 & 2208 Tully Road part of your investment portfolio!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.6 |
| Baths | 2.0 | 1.9 |
| Square foot | 2,012 | 1,797.75 |
| Lot Size | 6,499 | 6,283.25 |
| Price | $599.0K | $500.0K |
| Price per sq ft | $298 | $270 |
| Built year | 1959 | 1970 |
| HOA | $0 | $0 |
| Days on market | 44 | 70 |
Jul 27, 2026
$599,000
Initial Listing