3001 Kounias Drive, Modesto, CA 95354, Modesto, 95354 - 6 bed, 6 bath
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Modesto, CA 95354
This Multi-Unit Income Asset is listed at $715,000, representing a stable entry point aligned with its $691,289 Fair Market Value. Featuring a Triplex Configuration with a Condition Rating of 4, the property offers significant value-add potential through the modernization of its 1979 infrastructure. The expansive 12,001 Square Foot Lot and Two-Car Garage provide rare utility and potential for future ADU development. With established rental history and a functional layout, this property is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility house-hacking opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3001 Kounias Drive Subject | $715,000* List Price | 6 | 6 | 2,484 | $278 | - |
A 604 Fort Sumpter Drive Active | $510,000 List Price | 4 | 2 | 1,992 | $256 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, this property is approximately 45 years old and shows signs of aging infrastructure. While the exterior and roof appear functional in aerial shots, the lack of interior photos of the kitchens and bathrooms typically indicates dated finishes and original features that have not undergone recent major renovations. The property is currently income-producing and functional, but likely requires modernization to meet current aesthetic standards.
As a triplex, this property offers excellent versatility for investors seeking consistent rental income or owner-occupants looking to offset their mortgage by living in one unit.
The expansive 12,001 square foot lot provides significant outdoor space for tenants and offers potential for future value-add improvements or ADU development.
The inclusion of a two-car garage is a premium feature for multi-family housing, providing added security and storage that enhances tenant retention and rental value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12001, other record lot size in square feet = 11761. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 2.
Built in 1979, the property may soon require capital expenditures for major systems such as roofing, HVAC, or plumbing if they have not been recently modernized.
With a substantial price increase since its 2022 sale, the current $715,000 valuation requires a rigorous cap rate analysis to ensure the rental yields remain competitive.
Large Triplex opportunity in Modesto! This spacious income producing property offers strong potential for both investors and owner occupants. Each unit provides comfortable living space, and the property includes a desirable two car garage, adding convenience and extra value. With its functional layout, established location, and multi-unit appeal, this triplex is a great opportunity to expand your portfolio or live in one unit while generating rental income from the other. Conveniently located near shopping, schools, parks, and commuter routes.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 83% |
| Baths | 6.0 | 2.0 | 83% |
| Square foot | 2,484 | 1,400 | 67% |
| Lot Size | 12,001 | 8,919 | 67% |
| Price | $715.0K | $550.0K | 83% |
| Price per sq ft | $288 | $334 | 33% |
| Built year | 1979 | 1949 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 220 | 17% |
Apr 9, 2026
$715,000
Initial Listing
Feb 10, 2022
$525,000
Public Record