800 Sutter Avenue, Modesto, CA 95351, Modesto, 95351 - 3 bed, 2 bath
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Modesto, CA 95351
This 4-unit multifamily property presents a High-Potential Investment Opportunity with a List Price of $758,800—positioned well below the $763,608 Fair Market Value by 0.63%. This valuation gap offers $4,808 in Instant Equity. Featuring a diverse unit mix and a 4/10 Condition Rating, the asset requires modernization of aging systems to maximize rental yields. Its strategic location near downtown Modesto ensures stable occupancy. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Investors seeking long-term income growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 800 Sutter Avenue Subject | $758,800* List Price | 3 | 2 | 3,745 | $204 | - |
A 808 Sutter Avenue Active | $750,000 List Price | 3 | 1 | 3,625 | $207 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1967, the property is 57 years old, placing it in the dated category. While the listing describes it as well-maintained with stable income, the age suggests that the kitchens, bathrooms, and core systems (HVAC/Electric) are likely original or older than 20 years, requiring modernization to meet current market standards.
The property features a desirable mix of three 2-bedroom units and one 3-bedroom unit, which appeals to a broad tenant base and maximizes rental income potential.
With landscaping and common area maintenance handled by the HOA, the property ensures consistent curb appeal while reducing the owner's direct management burden.
Located near downtown Modesto, schools, and major commuter routes, the property is positioned in a high-demand area that supports stable occupancy and long-term growth.
The $609 monthly association fee represents a significant fixed cost that directly impacts the net operating income and overall cash flow for an investor.
Built in 1967, the property may require ongoing capital expenditures for repairs or upgrades to aging systems and structural components compared to newer builds.
Excellent investment opportunity in Modesto! 800 Sutter Ave is a well-maintained 4-unit multifamily property located in the established Sutter Glen neighborhood near downtown Modesto. Built in 1967, this two-story apartment property offers approximately 3,745 SF on a 7,000 SF lot and features a desirable unit mix of three 2-bedroom/1-bath units and one 3-bedroom/2-bath unit. The property benefits from HOA-managed landscaping and common area maintenance, supporting long-term curb appeal and property upkeep. Conveniently located near schools, shopping, restaurants, employment centers, and major commuter routes. Great opportunity for investors seeking stable income with potential upside.
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 | 3,745 | 2,160 | 67% |
| Lot Size | 7,000 | 7,000 | 50% |
| Price | $758.8K | $550.0K | 67% |
| Price per sq ft | $203 | $255 | 33% |
| Built year | 1967 | 1967 | 50% |
| HOA | $609 | $0 | 67% |
| Days on market | 25 | 173 | 33% |
May 12, 2026
$758,800
Initial Listing
May 1, 2013
$180,000
Public Record
Oct 28, 2011
$160,000
Public Record
Apr 22, 2011
$132,000
Public Record
Nov 30, 2005
$617,400
Public Record
Oct 26, 2005
$5,250,000
Public Record