808 Sutter Avenue, Modesto, CA 95351, Modesto, 95351 - 3 bed, 1 bath
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Modesto, CA 95351
This 4-unit multifamily property represents a High-Potential Investment Opportunity, listed at a List Price of $750,000—positioned slightly above the $745,346 Fair Market Value. While the property requires capital improvements due to its Fair Condition Rating and aging mechanical systems, the Diverse Unit Mix of three 2-bedroom and one 3-bedroom units ensures strong rental demand. Located near downtown Modesto, this asset offers stable cash flow with significant upside through cosmetic modernization. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 808 Sutter Avenue Subject | $750,000* List Price | 3 | 1 | 3,625 | $206 | - |
A 800 Sutter Avenue Active | $758,800 List Price | 3 | 2 | 3,745 | $203 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1967, the property is over 50 years old and maintains its original architectural style. While the exterior appears well-maintained, the presence of window AC units indicates dated mechanical systems. The listing's mention of 'future upside potential' suggests that kitchens and bathrooms are likely dated and would require cosmetic updates to achieve market rents, fitting the 'Fair' criteria for a functional but dated investment property.
The property features a desirable mix of three 2-bedroom units and one 3-bedroom unit, catering to a wider range of tenant needs and maximizing rental income potential.
Situated near downtown Modesto with easy access to schools, shopping, and major commuter routes, the property ensures high tenant demand and low vacancy rates.
As a fully-realized quadruplex in an established neighborhood, it offers investors immediate stable cash flow with significant long-term appreciation potential.
The monthly association fee of $609 is relatively high for a multifamily property of this type, which may reduce the overall net operating income for investors.
Built in 1967, the property may require near-term capital improvements or increased maintenance costs for older mechanical and structural systems.
Excellent investment opportunity in Modesto! 808 Sutter Ave is a 4-unit multifamily property located in the established Sutter Glen neighborhood near downtown Modesto. Built in 1967, this two-story apartment property offers approximately 3,625 SF on a 7,000 SF lot and features a desirable unit mix of three 2-bedroom/1-bath units and one 3-bedroom/1-bath unit. The property offers on-site parking and convenient access to schools, shopping, employment centers, and major commuter routes. Great opportunity for investors seeking stable income with future upside potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 33% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 3,625 | 2,160 | 67% |
| Lot Size | 7,000 | 7,000 | 50% |
| Price | $750.0K | $550.0K | 67% |
| Price per sq ft | $207 | $255 | 33% |
| Built year | 1967 | 1967 | 50% |
| HOA | $609 | $0 | 67% |
| Days on market | 25 | 173 | 33% |
May 12, 2026
$750,000
Initial Listing
Jun 25, 2013
$190,000
Public Record
Feb 23, 2011
$160,000
Public Record
Nov 30, 2005
$617,500
Public Record
Oct 26, 2005
$5,250,000
Public Record