
Turlock, CA 95380
This High-Potential Investment Opportunity is a Quadruplex listed at $899,000, positioned well below the $897,150 Fair Market Value (effectively at market). The property features a Condition Rating of 3, with recent updates to flooring, windows, and appliances. The 1/3-acre lot provides significant upside through potential ADU development and conversion of existing structures. With all units currently occupied, this asset offers immediate cash flow with room for rental growth. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking a stable, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 312 W Main Street Subject | $899,000* List Price | 9 | 8 | 3,770 | $238 | - |
A 312 W Main Street Active | $850,000 List Price | 9 | 8 | 3,302 | $257 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1906, the property has undergone significant updates including newer laminate flooring, windows, and appliances. The bathrooms are functional and the units are move-in ready and occupied. The rating is tempered by the use of dated wall heaters and window AC units rather than central HVAC, and some minor unfinished utility areas.
The property offers multiple avenues for income growth, including below-market rents, an existing structure ready for conversion, and ample space on the large lot for additional housing units.
Recent updates to flooring, appliances, and windows provide a refreshed interior for tenants and help reduce immediate capital expenditure for the new owner.
The rare 1/3-acre lot features convenient alley access for rear units and plenty of room for parking, which is a significant asset for high-density residential income properties.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13721, other record lot size in square feet = 13503.
Built in 1906, this Victorian structure may require specialized and ongoing maintenance for aging infrastructure that typically accompanies century-old buildings.
Operating a multi-unit conversion within a historic home requires more intensive management and oversight compared to modern, purpose-built multi-family assets.
Extraordinary income opportunity. Delightful early 20th century Victorian on a 1/3 of an acre. The original home has been divided into 3 apartments, with a 4th apartment out back. All are occupied. The true value in this income property is the additional potential; existing rents have some room to move north, and an existing structure on the SW corner could be converted to living space. Additionally, due to the large lot, there is space on the SE corner that may also be eligible for additional housing units. Alley access exists for the rear units, and plenty of room for parking. Flooring, appliances, and windows have all been updated. These don't come around often. Make your offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 9.0 | 0.0 |
| Baths | 8.0 | 0.0 |
| Square foot | 3,770 | 3,728 |
| Lot Size | 13,721 | 19,310 |
| Price | $899.0K | $870.0K |
| Price per sq ft | $238 | $233 |
| Built year | 1906 | 1948 |
| HOA | $0 | $0 |
| Days on market | 16 | 218 |
Aug 24, 2026
$899,000
Initial Listing
Jan 10, 2020
$520,000
Public Record