
Modesto, CA 95350
This duplex represents a High-Potential Investment Opportunity, listed at a List Price of $499,999—positioned above the $442,849 Fair Market Value by -12%. As a performing Residential Income asset with a Fair Condition Rating, the property offers immediate cash flow in a resilient market. While the 1950s infrastructure suggests future capital expenditures, the established tenant base minimizes vacancy risk. Featuring a private patio and stable rental demand, this is a strategic acquisition for Buy-and-Hold Investors or Portfolio Operators seeking consistent Central Valley rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 961 El Terino Ave Subject 2 bd · 2 ba · 1,566 sqft · $303 | $499,999* List Price | 2 | 2 | 1,566 | $303 | - |
A 1102 Blair Ave Sold 4 bd · 2 ba · 1,458 sqft · $351 · 0.2 mi | $512,000 | 4 | 2 | 1,458 | $351 | 0.2 mi |
B 1102 Blair Avenue Active 4 bd · 2 ba · 1,458 sqft · $360 · 0.2 mi | $525,000 List Price | 4 | 2 | 1,458 | $360 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, this 74-year-old duplex is well beyond the 20-year threshold for dated properties. While the listing describes it as a performing asset rather than a fixer-upper, the exterior shows signs of deferred maintenance, including overgrown landscaping and dated finishes. Without evidence of a major renovation within the last 15 years, the property likely requires updates to kitchens, baths, and core systems to meet modern standards.
The property is a turnkey, performing asset with tenants already in place, providing immediate rental income and eliminating initial vacancy risks for the investor.
As a proven rental rather than a fixer-upper speculation, this duplex offers stability in a desirable Modesto neighborhood with high historical occupancy rates.
Located in a resilient Central Valley market characterized by limited housing inventory and consistent demand, ensuring long-term rental growth and stability.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5929, other record lot size in square feet = 5662.
Built in 1950, the property may require higher ongoing maintenance costs or future capital expenditures for aging plumbing, electrical, and structural systems.
With only two bedrooms and two bathrooms across the entire 1,566 sqft duplex, the small unit configurations may limit the tenant pool to individuals or couples.
A rare opportunity to acquire proven, cash flowing rental properties in the heart of Modesto, California. The Bates Initiative represents a curated collection of duplexes and triplexes positioned in strong, established neighborhoods throughout the city, each delivering consistent rental income with tenants already in place. These are not fixer-upper speculations or value-add gambles. These are performing assets in desirable Modesto locations, benefiting from the Central Valley's sustained rental demand and a tenant base that keeps them occupied and producing. With occupancy rates running near capacity across the portfolio, the income is real and the runway is long. Whether you are an investor looking to plant your first flag in the Central Valley or a seasoned operator ready to scale, the Bates Initiative offers flexibility. Individual properties are available for those looking to start or add strategically, and the full portfolio is available for acquisition by a single buyer looking to move meaningfully into one of California's most resilient rental markets. Modesto's fundamentals continue to support strong rental performance. Growing population, limited housing inventory, and consistent demand from working families make this market a dependable income engine for landlords who know what they are looking at. Opportunities like this, performing, nearly fully occupied, and available individually or as a whole, do not surface often. Inquire for property addresses, rent rolls, and financials.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.7 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,566 | 1,856.182 |
| Lot Size | 5,929 | 6,342.091 |
| Price | $500.0K | $526.8K |
| Price per sq ft | $319 | $279 |
| Built year | 1950 | 1967 |
| HOA | $0 | $0 |
| Days on market | 38 | 67 |
Sep 18, 2026
$499,999
Initial Listing
Oct 17, 2012
$105,000
Public Record
Nov 20, 2001
$99,500
Public Record