512 12th St, Modesto, CA 95354, Modesto, 95354 - 0 bed, 0 bath
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512 12th St
Modesto, CA 95354
ACTIVE
CONDITION: GOOD
0Beds
0Baths
1,539Sq Ft
7,000Lot Size
Property Price
LIST PRICE$439,500
EST. MARKET VALUE
$435,752
SUMMARY
This triplex represents a High-Potential Investment Opportunity with a List Price of $439,500—positioned well below the $435,752 Fair Market Value (priced at market stability). Featuring a Condition Rating of 3, the asset includes significant capital improvements like a newer roof, updated plumbing, and modern mini-split HVAC units. With diversified revenue from three residential units, five storage units, and a common laundry facility, this property generates a gross annual income of $44,440. This is an ideal acquisition for Buy-and-Hold Investors or Income-Focused Portfolios seeking immediate cash flow.
Estimated Market Value
$435,752
Based on Realkey algorithm analyzing recent comparable sales in Modesto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 512 12th St Subject 0 bd · 0 ba · 1,539 sqft · $283 | $439,500* List Price | 0 | 0 | 1,539 | $283 | - |
A 1107 7th Street Sold 3 bd · 3 ba · 1,500 sqft · $253 · 0.7 mi | $380,000 | 3 | 3 | 1,500 | $253 | 0.7 mi |
B 132 Hackberry Avenue Sold 5 bd · 3 ba · 2,152 sqft · $251 · 0.8 mi | $540,000 | 5 | 3 | 2,152 | $251 | 0.8 mi |
C 106 Pleasant Active 2 bd · 2 ba · 1,350 sqft · $285 · 0.4 mi | $384,900 List Price | 2 | 2 | 1,350 | $285 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1910, the property has undergone significant system updates including a newer roof, updated plumbing, and the installation of modern mini-split HVAC units. The interior features newer flooring and paint; although the kitchens and bathrooms appear dated in style, they are well-maintained, functional, and move-in ready for an income property.
PROSSTRENGTHS & OPPORTUNITIES
- Diversified Income Streams
The property generates revenue from multiple sources beyond the three residential units, including five rented storage units and a common laundry facility, resulting in a strong gross annual income of approximately $44,440.
- Extensive Recent Upgrades
The asset features significant capital improvements including a newer roof, updated plumbing, new paint, and modern mini-split AC/heat units in all three residences, reducing immediate maintenance concerns for an investor.
- Prime Downtown Location
Situated in the heart of downtown Modesto, the property benefits from high walkability and proximity to local amenities, which supports consistent tenant demand and long-term occupancy.
CONSRISKS & DEFICIENCIES
- Vintage Construction Risks
Built in 1910, the property's age may lead to ongoing structural or foundational maintenance requirements typical of century-old buildings that modern updates cannot entirely mitigate.
- Compact Unit Footprints
With a total of 1,539 square feet split across three units, the living spaces are relatively small, which may limit the tenant pool to individuals or couples and cap the maximum achievable rent per unit.
About 512 12th St
Investors come check out this triplex with unique studio's and 1 bedroom. Property is #512,514, & 514 1/2. They come with a 5 unit storage building that sits on the property and opens to the alley in the back all the storage units are currently rented out. This triplex has its own private yard and common laundry room with indoor access to 2 of the studio units that gets its own separate rent to use the laundry. Current gross income over all with laundry, studios, storage buildings is approx. gross $44,440. a year. Newer roof, flooring,all 3 units have mini split ac/heat units. Some dual pane windows, new paint, updated plumbing. All in down town Modesto.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1910
- Lot Size
- 7,000 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.7 |
| Baths | 0.0 | 2.2 |
| Square foot | 1,539 | 1,856.182 |
| Lot Size | 7,000 | 6,342.091 |
| Price | $439.5K | $526.8K |
| Price per sq ft | $286 | $279 |
| Built year | 1910 | 1967 |
| HOA | $0 | $0 |
| Days on market | 3 | 67 |
Pricing History
Listed for Sale
Oct 21, 2026
$439,500
Initial Listing
Sold
Apr 5, 2012
$133,000
Public Record
Sold
Sep 3, 1999
$85,000
Public Record