443 Colorado Avenue, Modesto, CA 95351, Modesto, 95351 - 2 bed, 1 bath
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Modesto, CA 95351
This Residential Redevelopment Asset presents a High-Potential Investment Opportunity for builders in Modesto. Listed at $255,000, the property carries a $148,765 Fair Market Value, a valuation reflecting its current Condition Rating of 6 and unlivable, gutted state. The 0.14-acre lot features a Patio and essential Alley Access, offering a strategic Value-Add path through the construction of an ADU or a total rebuild. Located near schools and shopping, this project is a high-upside acquisition for Fix-and-Flip Investors or Contractors seeking a ground-up redevelopment project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 443 Colorado Avenue Subject | $255,000* List Price | 2 | 1 | 1,128 | $132 | - |
A 622 Josilane Sold | $325,000 | 3 | 2 | 1,120 | $290 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is in a state of extreme dilapidation and is currently unlivable. The interior is completely gutted with missing ceilings, exposed rafters, significant structural and drywall damage, and no functional kitchen or bathroom systems. Built in 1952 with no evidence of renovations, the structure appears to be beyond simple rehabilitation, making it a candidate for demolition or a total reconstruction project where the value is primarily in the land.
Priced competitively at $255,000, this property serves as an excellent entry-point for investors or builders looking for a high-potential renovation or redevelopment project.
The 0.14-acre lot includes valuable alley access, offering enhanced flexibility for construction logistics, additional parking, or the potential addition of an Accessory Dwelling Unit (ADU).
The home is conveniently located near schools, shopping centers, and local amenities, ensuring strong future demand from tenants or homeowners once the property is improved.
As a 1952 build marketed as a 'project,' the property likely requires substantial capital investment to address deferred maintenance and bring it up to modern living standards.
The 2-bedroom, 1-bathroom configuration may restrict the property's appeal to a smaller segment of the market, potentially limiting interest from larger families.
Great opportunity in Modesto. Situated on a 0.14-acre lot with alley access, this property offers potential. The existing 2-bedroom, 1-bath structure 1128 sqft home is located near schools, shopping centers, and local amenities, this is a great opportunity for investors or builders looking for their next project.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 24% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 1,128 | 1,238 | 37% |
| Lot Size | 6,098 | 7,000 | 27% |
| Price | $255.0K | $390.0K | 11% |
| Price per sq ft | $226 | $311 | 14% |
| Built year | 1952 | 1958 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 168 | 1% |
Mar 26, 2026
$255,000
Initial Listing