408 J Street, Modesto, CA 95351, Modesto, 95351 - 3 bed, 2 bath
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Modesto, CA 95351
This Dual-Unit Residential Income Asset represents a High-Potential Investment Opportunity with a List Price of $299,000—positioned well below the $376,251 Fair Market Value by 20%. This valuation gap provides $77,251 in Instant Equity for buyers prepared to address the Condition Rating of 5. Featuring a main bungalow and a detached unit with a Detached Garage, the property offers significant Value-Add potential through modernization of its 1915 infrastructure. This acquisition is a strategic choice for Buy-and-Hold Investors or Contractors seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 408 J Street Subject | $299,000* List Price | 3 | 2 | 1,486 | $165 | - |
A 408 J Street Active | $299,999 List Price | 3 | 0 | 1,536 | $195 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1915, this property shows significant signs of deferred maintenance and age, including peeling exterior paint, a boarded-up window, and weathered siding. The interior of the main house features highly outdated kitchen cabinetry, aging appliances, and worn carpeting. While the detached unit appears to have had some minor updates, the overall property requires substantial rehabilitation and 'sweat equity' to address century-old infrastructure and aesthetic decline.
Featuring a main bungalow and a detached self-contained one-bedroom unit, this property offers excellent versatility for rental income or multi-generational living.
Listed at under $300,000, this multi-family asset represents a high-potential investment opportunity and a rare find in the Modesto market.
The inclusion of a detached garage and a long driveway provides significant off-street parking, which is a highly desirable and practical feature for a dual-unit residence.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5876, other record lot size in square feet = 5662. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1486, other record living area = 704. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
The property is described as requiring 'sweat equity' and vision, indicating that buyers should budget for immediate repairs and modernization to realize its full value.
Built in 1915, the home may possess aging structural or mechanical systems that could necessitate costly updates to meet modern building standards.
Great investment opportunity in Modesto! This unique property features a spacious main home, detached garage, plus detached one-bedroom unit, offering excellent rental potential. While currently well-loved and lived-in, a bit of vision and sweat equity will truly make this property shine. The main residence is a classic bungalow with a welcoming front porch, and a functional kitchen with ample storage and laundry room. The detached back unit is fully self-contained, featuring its own kitchen, a comfortable living area with tile flooring, a private bedroom, and a full bathroom. Both units offer practical layouts with ceiling fans and plenty of natural light. The detached garage and a long driveway providing ample off-street parking. Located near local amenities with easy access to transportation, this dual-unit property is a rare find at this price point. Whether you are looking for a multi-family setup or a high-potential asset for your portfolio, this property is a must-see!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 33% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,486 | 1,826 | 17% |
| Lot Size | 5,876 | 6,290.5 | 17% |
| Price | $299.0K | $445.0K | 17% |
| Price per sq ft | $201 | $255 | 17% |
| Built year | 1915 | 1966 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 182 | 17% |
Apr 14, 2026
$299,000
Initial Listing
Jun 2, 2021
$250,000
Public Record
Oct 12, 2004
$236,000
Public Record
Feb 12, 1999
$68,000
Public Record