137 Downey Ave Modesto, CA 95354
Central Modesto NeighborhoodEstimated payment $2,818/month
Highlights
- Wood Flooring
- Stone Countertops
- Front Porch
- 1 Fireplace
- No HOA
- Bathtub with Shower
About This Home
Welcome to 137 Downey Avenue in the heart of downtown Modesto, California - an exceptional property brimming with investment potential and versatile living options. This spacious home features three bedrooms, two bathrooms, and 2,035 square feet of living space. What truly sets this property apart is its remarkable opportunity for expansion and income generation. According to City of Modesto regulations, this property can accommodate up to four units, making it ideal for creative conversion. Imagine transforming one portion into your primary residence while renting out additional units to generate consistent rental income. The possibilities extend further with the potential to build an Accessory Dwelling Unit (ADU) on top of the existing garage, maximizing earning potential. The location couldn't be more convenient - situated in downtown Modesto, you'll enjoy easy access to top-rated schools, shopping centers, restaurants, and all urban amenities. Whether you're an investor seeking a lucrative opportunity, a homeowner looking for flexibility, or someone who wants to live in one unit while building equity through rentals, this property offers endless possibilities. Don't miss this chance to own a versatile property in a prime location. Call today and be home tomorrow!
Home Details
Home Type
- Single Family
Year Built
- Built in 1910 | Remodeled
Lot Details
- 6,800 Sq Ft Lot
- Back Yard Fenced
- Property is zoned R3
Parking
- 2 Car Garage
Home Design
- Raised Foundation
- Composition Roof
- Stucco
Interior Spaces
- 2,035 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- 1 Fireplace
- Raised Hearth
- Living Room
- Family or Dining Combination
- Laundry in Kitchen
Kitchen
- Microwave
- Stone Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Front Porch
Utilities
- Central Air
- 220 Volts in Kitchen
- Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 111-006-056-000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,965 | $339,025 | $142,171 | $196,854 |
| 2024 | $3,787 | $332,379 | $139,384 | $192,995 |
| 2023 | $3,731 | $325,862 | $136,651 | $189,211 |
| 2022 | $3,641 | $319,473 | $133,972 | $185,501 |
| 2021 | $3,424 | $313,210 | $131,346 | $181,864 |
| 2020 | $3,266 | $290,000 | $130,000 | $160,000 |
| 2019 | $3,153 | $280,908 | $88,434 | $192,474 |
| 2018 | $3,001 | $275,400 | $86,700 | $188,700 |
| 2017 | $2,930 | $270,000 | $85,000 | $185,000 |
| 2016 | $1,708 | $157,363 | $60,407 | $96,956 |
| 2015 | $1,093 | $100,568 | $54,333 | $46,235 |
| 2014 | $1,077 | $98,599 | $53,269 | $45,330 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/19/2025 11/19/25 | Price Changed | $475,000 | -4.8% | $233 / Sq Ft | |
| 10/21/2025 10/21/25 | For Sale | $499,000 | +84.8% | $245 / Sq Ft | |
| 07/01/2016 07/01/16 | Sold | $270,000 | -16.9% | $133 / Sq Ft | View Prior Sale |
| 05/12/2016 05/12/16 | Pending | -- | -- | -- | |
| 02/16/2016 02/16/16 | For Sale | $325,000 | +109.7% | $160 / Sq Ft | |
| 03/11/2015 03/11/15 | Sold | $155,000 | 0.0% | $76 / Sq Ft | View Prior Sale |
| 02/05/2015 02/05/15 | Pending | -- | -- | -- | |
| 01/21/2015 01/21/15 | For Sale | $155,000 | -- | $76 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $250,000 | Chicago Title Company | |
| Trustee Deed | $252,000 | Accommodation | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Grant Deed | $270,000 | Chicago Title Company | |
| Grant Deed | $155,000 | First American Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $260,550 | FHA | |
| Previous Owner | $108,000 | Purchase Money Mortgage |
Source: MetroList
MLS Number: 225135718
APN: 111-06-56
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