408 J Street, Modesto, CA 95351, Modesto, 95351 - 3 bed, 0 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 $299,999—positioned well below the $376,251 Fair Market Value by 20%. This valuation gap provides $76,252 in Instant Equity for buyers prepared to address the Condition Rating of 4. Featuring a main bungalow and a detached one-bedroom unit, the property offers significant Value-Add potential through modernization and "sweat equity." With ample off-street parking and high rental demand, this is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking forced appreciation.
Property is moderate renovation needed.
Built in 1915, the property is aged and shows signs of deferred maintenance, particularly with the exterior paint and landscaping. While the interior is functional and the detached unit features some updates like tile flooring and newer cabinetry, the overall style is dated. The home lacks central HVAC, relying on wall heaters and window units, and the kitchen and bathrooms feature older fixtures and appliances that require modernization. The listing's mention of 'sweat equity' confirms it needs minor to moderate repairs and updates.
The property features a main bungalow plus a detached, self-contained one-bedroom unit, offering excellent opportunities for rental income or multi-generational living.
With a detached garage and a long driveway, the property provides significant off-street parking, which is a highly desirable and practical feature for a multi-unit residence.
Priced under $300,000 for two units, this property represents a rare high-potential asset for investors looking to build a portfolio in the Modesto area.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5875, other record lot size in square feet = 5662. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1536, 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.
Built in 1915 and noted as needing 'sweat equity,' the property likely requires substantial modernization and repairs to address deferred maintenance.
A series of rapid price reductions from the original list price suggests the property has faced challenges with market absorption or initial overvaluation.
Incredible investment or multi-generational opportunity in Modesto! This unique property features a spacious main home plus a separate, detached one-bedroom unit, offering excellent rental potential. The main residence is a classic bungalow with a welcoming front porch, a dedicated dining room with built-in cabinetry, and a functional kitchen with ample storage. The detached back unit is fully self-contained, featuring its own updated kitchen with crisp white cabinetry, a comfortable living area with durable tile flooring, a private bedroom, and a full bathroom. Both units offer practical layouts with ceiling fans and plenty of natural light. The exterior includes a detached garage and a long driveway providing ample off-street parking. While currently well-loved and lived-in, a bit of vision and sweat equity will truly make this property shine. 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 | 0.0 | 1.0 | 50% |
| Square foot | 1,536 | 1,826 | 33% |
| Lot Size | 5,875 | 6,290.5 | 17% |
| Price | $300.0K | $445.0K | 17% |
| Price per sq ft | $195 | $255 | 17% |
| Built year | 1915 | 1966 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 182 | 17% |
Mar 25, 2026
$299,999
$319,999
-6% Price Drop
Initial Listing
Mar 24, 2026
$319,999
$329,000
-3% Price Drop
Initial Listing
Mar 4, 2026
$329,000
$329,999
+0% Price Increase
Initial Listing
Feb 19, 2026
$329,999
Initial Listing
Jun 2, 2021
$250,000
Public Record
Oct 12, 2004
$236,000
Public Record
Feb 12, 1999
$68,000
Public Record