821 Colorado Avenue, Modesto, CA 95351, Modesto, 95351 - 4 bed, 2 bath
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Modesto, CA 95351
This duplex represents a Strong Value Opportunity, listed at $429,999—positioned well above the $393,952 Fair Market Value. While the property requires modernization due to its Fair Condition Rating and aging infrastructure, it generates a robust $3,100 in monthly income. With tenants covering most utilities, this Buy-and-Hold Asset offers immediate cash flow and proven rental demand. The property is an ideal acquisition for Buy-and-Hold Investors or Value-Add Investors seeking to optimize a reliable, income-producing asset in the Modesto market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 821 Colorado Avenue Subject | $419,999* List Price | 4 | 2 | 1,566 | $267 | - |
A 1900 Kenneth Street Pending | $379,990 List Price | 4 | 3 | 1,546 | $246 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, this property is significantly dated with systems exceeding 20 years of age, including wall heaters and window AC units rather than central HVAC. While functional and income-producing, the interior features popcorn ceilings and older finishes that require modernization to meet current market standards.
With a gross monthly income of nearly $3,100, this duplex offers a high rent-to-price ratio, providing investors with immediate and robust returns from day one.
The utility structure, where tenants pay for everything except garbage, significantly reduces the owner's overhead and protects the net operating income.
The inclusion of security fencing, carport parking, and dedicated storage with washer/dryer hookups makes the units highly competitive in the local rental market.
Built in 1950, the property may require more frequent maintenance or capital expenditures for aging systems such as plumbing and electrical compared to newer constructions.
The 5,663 square foot lot is relatively modest for a duplex, leaving little room for additional structural expansion or significant outdoor common area improvements.
Investors, take notice this well-maintained duplex at 821 Colorado Ave offers the ideal combination of strong rental income, low operating expenses, and long-term investment potential. Each spacious unit features 2 bedrooms and over 750 square feet of living space, providing comfortable accommodations that attract and retain quality tenants. Designed with convenience and functionality in mind, the property includes carport parking, security fencing, and outside storage room with washer/dryer hookups amenities tenants value and appreciate. Generating nearly $3,100 in gross monthly income, this property is already producing solid returns from day one. Even better, tenants pay all utilities except garbage, helping keep ownership expenses low and maximizing your monthly cash flow. Whether you're looking to expand your portfolio, complete a 1031 exchange, or secure a reliable income-producing asset, this duplex checks all the boxes. Strong income. Low expenses. Proven rental demand. Opportunities like this don't last long add this Modesto duplex to your portfolio today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,566 | - |
| Lot Size | 5,663 | - |
| Price | $420.0K | $640.4K |
| Price per sq ft | $268 | $259 |
| Built year | 1950 | 0 |
| HOA | $0 | $0 |
| Days on market | 44 | 41 |
Jul 16, 2026
$419,999
$429,999
-2% Price Drop
Initial Listing
Jun 8, 2026
$429,999
Initial Listing
Oct 10, 2022
$390,000
Public Record