2424 Ellison Dr, Modesto, CA 95355, Modesto, 95355 - 0 bed, 0 bath
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2424 Ellison Dr
Modesto, CA 95355
ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,349Sq Ft
9,147Lot Size
Property Price
LIST PRICE$725,000
EST. MARKET VALUE
$722,819
SUMMARY
This High-Potential Investment Opportunity is a Triplex listed at $725,000, positioned well below the $825,779 Fair Market Value by 12%. This valuation gap offers $100,779 in Instant Equity. Featuring an Good Condition Rating with updated kitchens and baths, the property provides immediate rental readiness. The vacancy of one unit allows for flexible financing, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage house-hacking strategies on a spacious corner lot.
Estimated Market Value
$722,819
Based on Realkey algorithm analyzing recent comparable sales in Modesto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2424 Ellison Dr Subject 0 bd · 0 ba · 3,349 sqft · $216 | $725,000* List Price | 0 | 0 | 3,349 | $216 | - |
A 2517 Liberty Court Pending 6 bd · 3 ba · 3,200 sqft · $198 · 0.5 mi | $635,000 List Price | 6 | 3 | 3,200 | $198 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1980, this triplex is well-maintained and move-in ready. Interior photos show recent updates including modern LVP flooring, fresh paint, and updated fixtures. The listing confirms that all units have previously updated kitchens and bathrooms, placing it firmly in the 'Good' category for its age and renovation status.
PROSSTRENGTHS & OPPORTUNITIES
- Financing Flexibility
The vacancy of one unit allows buyers to qualify for owner-occupant financing, providing a rare opportunity for house-hacking or lower down payment investment options.
- Turnkey Interior Updates
All three units feature previously updated kitchens and bathrooms, reducing the need for immediate capital expenditures and helping to command market-rate rents.
- Superior Lot and Layout
Situated on a large 9,325 square foot corner lot, the property offers a main house with a two-car garage and private backyard spaces for the additional units, enhancing tenant desirability.
CONSRISKS & DEFICIENCIES
- Low Elementary School Rating
The assigned elementary school carries a low rating of 2/10, which may deter families with young children and potentially limit the pool of long-term tenants.
- Aging Infrastructure
Built in 1980, the property may soon require significant capital improvements to major systems such as the roof or HVAC, which are not mentioned as recently replaced.
About 2424 Ellison Dr
Great Opportunity for Investor or Owner Occupant in this Multi-Family Tri-Plex. Since one unit is Vacant the buyer can apply for Owner Occupant Financing. The property boasts a 3349 square foot building on a 9325 square foot corner lot. The Main house has an attached 2 car garage. All units have been previously updated kitchens and bathrooms. The other 2 units have back yard spacce and a covered car port. Just minutes away from major shopping, Restaurants, the mall, Highway 99, schools and other amenities.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1980
- Lot Size
- 9,147 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Modesto Unified Schools
Coleman F. Brown Elementary School
Grades K-5 • 0.6 mi
2/10
Daniel J. Savage Middle School
Grades 6-8 • 1.9 mi
6/10
Fred C. Beyer High School
Grades 9-12 • 0.8 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.7 |
| Baths | 0.0 | 2.2 |
| Square foot | 3,349 | 1,856.182 |
| Lot Size | 9,147 | 6,342.091 |
| Price | $725.0K | $526.8K |
| Price per sq ft | $216 | $279 |
| Built year | 1980 | 1967 |
| HOA | $0 | $0 |
| Days on market | 35 | 67 |
Pricing History
Listed for Sale
Sep 19, 2026
$725,000
Initial Listing
Sold
Mar 7, 2013
$174,000
Public Record
Sold
Apr 16, 2003
$440,000
Public Record
Sold
Jul 15, 1998
$215,000
Public Record