2212 Palisade, Modesto, CA 95350, Modesto, 95350 - 0 bed, 0 bath
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Modesto, CA 95350
This Residential Income Quadruplex presents a Strong Value Opportunity with a List Price of $769,000—positioned below the $775,000 Fair Market Value by 1%. This valuation gap offers $6,000 in Instant Equity for incoming owners. Featuring a Condition Rating of 4, the property includes recent interior updates such as vinyl plank flooring and fresh paint in three units. The Whispering Woods HOA facilitates low-maintenance ownership by managing exteriors, landscaping, and the community pool. Fully tenant-occupied, this asset is a reliable acquisition ideal 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, this quadruplex is well-maintained but shows clear signs of its age. While three of the four units have received recent cosmetic updates such as new vinyl plank flooring and fresh paint, the kitchens and bathrooms remain largely outdated with older cabinetry and basic white appliances. The property is functional and tenant-occupied, but the overall style and original components align with the 'Fair' criteria for a property of this vintage with only partial renovations.
The property is fully tenant-occupied, providing investors with immediate cash flow and a turnkey transition without the need for initial leasing efforts.
The Whispering Woods HOA manages exterior maintenance, landscaping, and community amenities, making this an ideal asset for hands-off or out-of-area investors.
Three of the four units feature modern vinyl plank flooring and refreshed paint, enhancing the property's long-term value and appeal to high-quality tenants.
While the HOA reduces management burden, it limits the owner's control over exterior aesthetics and subjects the investment to potential fee increases or special assessments.
Constructed in 1970, the property may require more frequent capital expenditures for aging systems such as plumbing or electrical that fall outside of HOA responsibility.
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. A great opportunity for investors seeking a more hands-off, low-involvement asset. The HOA handles exterior maintenance, landscaping, community amenities, and on-site laundry, helping reduce day-to-day management responsibilities. Residents enjoy access to a community pool, shared BBQ and picnic areas, and maintained common spaces. 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 | 5.5 | 33% |
| Baths | 0.0 | 2.0 | 50% |
| Square foot | 840 | 1,682 | 17% |
| Lot Size | 810 | 6,905.5 | 17% |
| Price | $769.0K | $592.5K | 67% |
| Price per sq ft | $915 | $426 | 83% |
| Built year | 1970 | 1973 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 110 | 17% |
Mar 28, 2026
$769,000
Initial Listing