
Modesto, CA 95354
This Dual-Unit Residential Income Property is listed at $630,000, currently positioned above the $512,274 Fair Market Value. The property maintains a Condition Rating of 3, boasting significant interior updates including modern laminate flooring, recessed lighting, and stainless steel appliances. Featuring two well-kept units on a single lot with RV parking and alley access, the asset is designed for maximum utility and rental demand. Located near downtown Modesto, it offers a turnkey solution for Buy-and-Hold Investors or Owner-Occupants looking to offset their mortgage with rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 322 Johnson Street Subject | $620,000* List Price | 0 | 0 | 1,033 | $493 | - |
A 117 E Fairmont Avenue Sold | $550,000 | 5 | 2 | 1,200 | $458 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1928, the property is move-in ready and has undergone significant interior updates. The units feature modern laminate flooring, neutral paint, recessed lighting, and updated kitchen appliances including stainless steel dishwashers. While some minor wear is visible on the kitchen cabinetry, the bathrooms are updated with modern vanities and tiled flooring, meeting the criteria for a well-maintained, functional property.
The property features two well-maintained units on a single lot, offering an excellent opportunity for dual rental income or a multi-generational living arrangement.
Equipped with RV parking, alley access for the rear unit, and a private gated entrance, the property provides exceptional convenience and utility for multiple occupants.
Situated close to downtown Modesto with easy freeway access, this location is highly attractive for commuters and tenants seeking proximity to urban amenities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6752, other record lot size in square feet = 6534.
The back unit lacks closets in two of its three rooms, which limits its utility as a traditional multi-bedroom residence and may impact rental value.
While the property offers a shed and ample open parking, the absence of a secured garage may be a deterrent for buyers or tenants prioritizing vehicle protection.
PRICE REDUCTION! Excellent Investor opportunity or multi family situation! Properties have been well kept. 2 units on one lot. Front house has 3 bedrooms and 2 full baths. Back unit has 3 rooms 2 full baths much like a studio due to no closets in the 2 rooms connected to the 2 bathrooms. RV parking on side of front house. Inside laundry in both units. Back unit has alley access and private gate with parking. Front house has plenty of parking but no garage with a shed/workshop. Both have some updating to them. Close to downtown and easy freeway access.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.5 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 1,033 | 1,116.5 | 50% |
| Lot Size | 6,752 | 8,244 | 50% |
| Price | $620.0K | $585.0K | 50% |
| Price per sq ft | $600 | $529 | 50% |
| Built year | 1928 | 1948 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 157 | 200 | 25% |
Apr 1, 2026
$620,000
$630,000
-2% Price Drop
Initial Listing
Nov 16, 2025
$630,000
Initial Listing
Oct 8, 2018
$231,500
Public Record
Oct 17, 2006
$292,000
Public Record