2212 Palisade, Modesto, CA 95350, Modesto, 95350 - 0 bed, 0 bath
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Modesto, CA 95350
This Residential Income Quadruplex is a stable, income-producing asset listed at $769,000—positioned well below the $775,000 Fair Market Value by 1%. This pricing provides $6,000 in Instant Equity. Boasting a Condition Rating of 4, the property features recent cosmetic updates, central HVAC, and assigned garage parking. While the $763 monthly HOA fee impacts operating expenses, it covers essential maintenance and community amenities including a pool. Fully tenant-occupied, this is a strategic acquisition for Buy-and-Hold Investors or Portfolio Diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2212 Palisade Subject | $769,000* List Price | 0 | 0 | 840 | $923 | - |
A 2501 Prescott Road Active | $789,000 List Price | 8 | 4 | 840 | $939 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1970, the property has received recent cosmetic updates including new vinyl plank flooring and fresh paint in three units. However, the kitchen remains significantly dated with older cabinetry and appliances that appear to be over 20-30 years old. While the inclusion of central HVAC and the maintained exterior are positives, the interior requires further modernization of primary systems and fixtures to meet higher condition standards.
The property is fully tenant-occupied, providing immediate rental income and a turnkey opportunity for investors seeking a professionally managed, hands-off asset.
Three of the four units have been updated with modern vinyl plank flooring and fresh paint, enhancing tenant appeal and reducing immediate capital expenditure requirements.
Each unit features highly desirable amenities including central heating and air conditioning, along with assigned enclosed garage parking, which supports high occupancy rates.
The monthly HOA fee of $763 is a significant recurring cost that impacts the property's net operating income and overall capitalization rate.
Being part of an HOA limits the owner's control over exterior maintenance, common area standards, and community rules compared to a traditional standalone quadruplex.
Situated in Modesto’s well-maintained Whispering Woods community this property presents a strong investment opportunity—especially for investors seeking a more hands-off, professionally managed asset The property consists of four thoughtfully designed units, each offering 2 bedrooms and 1 bathroom, with a mix of single- and two-story layouts, with . Three of the four units have been updated with vinyl plank flooring, along with additional improvements such as refreshed paint, enhancing both tenant appeal and long-term value. Property is part of an HOA with current dues of $763 per month. HOA is reported to cover landscaping, certain common area amenities, and on-site laundry. Community features are reported to include a pool, shared BBQ and picnic areas, and maintained common spaces. Buyer to investigate and verify all HOA information, dues, coverage, amenities, and management requirements to their satisfaction. Each unit is equipped with central heating and air conditioning and one assigned space in enclosed garage. With all units currently tenant-occupied, this property offers immediate income potential with streamlined ownership. Conveniently located near freeway access, shopping, and everyday amenities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 6.0 | 20% |
| Baths | 0.0 | 4.0 | 40% |
| Square foot | 840 | 1,984 | 20% |
| Lot Size | 810 | 7,601 | 20% |
| Price | $769.0K | $645.0K | 60% |
| Price per sq ft | $915 | $272 | 80% |
| Built year | 1970 | 1972 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 70 | 127 | 20% |
Mar 28, 2026
$769,000
Initial Listing