$750,000

Estimated payment $4,574/month

Total Views 419
8 Beds
4 Baths
2,800 Sq Ft
$268 Price per Sq Ft

About This Home

Prime investment opportunity in Modesto! 814 2nd Street offers four income-producing units with a strong rental history and excellent cash flow potential. Three units are currently occupied by long-term tenants, with Unit #4 vacant and ready for a new tenant at market rent or for an owner-occupant. Each unit features 2 bedrooms and 1 bathroom, offering spacious and functional layouts that appeal to a wide range of renters. The property also includes an extra room for owner storage, adding convenience and functionality. The three leased units are already bringing in $3,480 per month, and once fully occupied, the projected annual gross revenue is upwards $55k+, making this an attractive property for investors seeking stable returns. Designed for low-maintenance management, this property helps maximize net income while minimizing hassle. Conveniently located near shopping, dining, schools, and major highways, it appeals to a wide range of renters. Whether you are a seasoned investor looking to expand your portfolio or a first-time buyer entering the rental market, this turnkey opportunity offers immediate income potential with room to grow. Don't miss your chance to secure a multi-unit property in a rapidly developing rental area of Modesto.

Listing Agent

Bradly Cardoso

Redwood Real Estate License #02126716 Listed on: 08/09/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,607

Year Built

  • Built in 1969

Lot Details

  • 7,000 Sq Ft Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Window Screens
  • Free-Standing Electric Range

Flooring

  • Carpet
  • Linoleum
  • Laminate

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Wall Furnace
  • Property is located within a water district
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 104-025-011-000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Leased Units
  • 1 Vacant Unit
  • 3 Units Leased Month-To-Month
  • Net Lease

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,607

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: Quadruplex
  • Stories: 2
  • Year Built: 1969
  • Levels: Two
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Range
  • Flooring: Carpet, Laminate, Linoleum
  • Basement: None
  • Price Per Square Foot: 267.86
  • Square Footage: 2800.00
  • Window Features: Window Coverings, Window Screens, Varies by Unit

Exterior Features

  • Construction Materials: Brick, Stucco
  • Disclosures/Documents: Preliminary Title Report
  • Foundation: Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 750000.00
  • Lot Features: Shape Regular, Sidewalk
  • New Construction: No
  • Pool: No
  • Property Condition: Varies by Unit
  • Roof: Composition
  • Spa: No
  • Topography: Level,Level

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 4.00

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: In & Connected
  • Utilities: City
  • Cooling: Window Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: Other
  • Water Source: Water District, Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning: R1
  • Irrigation: None
  • Lot Size Acres: 0.1607
  • Lot Size Sq Ft: 7000.00

Rental Info

  • Lease Type: Net

Multi Family

  • Income Includes: ["Other"]
  • Total Number Leasable: 4
  • Number of Leased Units: 3
  • Number of Month to Month Units: 3
  • Number of Units: 4
  • Number of Vacant Units: 1
  • Number Of2 Bedrooms Occupied: 3

Tax Info

  • Assessor Parcel Number: 104-025-011-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $5,607 $492,136 $49,212 $442,924
2023 $5,525 $482,488 $48,248 $434,240
2022 $5,391 $473,028 $47,302 $425,726
2021 $5,070 $463,754 $46,375 $417,379
2020 $5,170 $459,000 $45,900 $413,100
2019 $3,313 $295,202 $39,862 $255,340
2018 $3,154 $289,415 $39,081 $250,334
2017 $3,079 $283,741 $38,315 $245,426
2016 $3,020 $278,178 $37,564 $240,614
2015 $2,653 $244,000 $37,000 $207,000
2014 $2,293 $210,000 $37,500 $172,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2025 08/09/25 For Sale $750,000 +173.7% $268 / Sq Ft
04/06/2015 04/06/15 Sold $274,000 +1.9% $98 / Sq Ft
04/06/2015 04/06/15 Pending -- -- --
12/21/2014 12/21/14 For Sale $269,000 -- $96 / Sq Ft
Source: MetroList

Purchase History

Date Type Sale Price Title Company
Grant Deed $450,000 Chicago Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $274,000 First American Title Ins Co
Trustee Deed -- First American Title Co
Interfamily Deed Transfer -- Alliance Title Company
Grant Deed -- --
Grant Deed -- --
Interfamily Deed Transfer -- Alliance Title Company
Grant Deed $180,000 Alliance Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $205,500 Commercial
Previous Owner $348,000 Commercial
Previous Owner $214,500 Commercial
Previous Owner $144,000 Commercial
Closed $27,000 No Value Available
Source: Public Records

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Source: MetroList

MLS Number: 225105046

MetroList

APN: 104-25-11