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5 Plex on J 314 J St 5 Unit Apartment Building $725,000 ($145,000/Unit) 7.36% Cap Rate Modesto, CA 95351
Investment Highlights
- All units have front and backyards
- 3 buildings on 1 lot
- All Units have W/D hookups
- Recently appraised above list price
Executive Summary
Never before commercially available 3 building 5-plex on J Street.
Fully leased with most units at market rent.
Rare opportunity to acquire a very clean multifamily property in Modesto's West Side neighborhood.
Historically properties in this neighborhood maintain above market occupancy rates.
Fully leased with most units at market rent.
Rare opportunity to acquire a very clean multifamily property in Modesto's West Side neighborhood.
Historically properties in this neighborhood maintain above market occupancy rates.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$85,680
|
$23.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,284
|
$1.20
|
| Effective Gross Income |
$81,396
|
$22.72
|
| Taxes |
$8,236
|
$2.30
|
| Operating Expenses |
$19,820
|
$5.53
|
| Total Expenses |
$28,056
|
$7.83
|
| Net Operating Income |
$53,340
|
$14.89
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $85,680 |
| Annual Per SF | $23.91 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,284 |
| Annual Per SF | $1.20 |
| Effective Gross Income | |
|---|---|
| Annual | $81,396 |
| Annual Per SF | $22.72 |
| Taxes | |
|---|---|
| Annual | $8,236 |
| Annual Per SF | $2.30 |
| Operating Expenses | |
|---|---|
| Annual | $19,820 |
| Annual Per SF | $5.53 |
| Total Expenses | |
|---|---|
| Annual | $28,056 |
| Annual Per SF | $7.83 |
| Net Operating Income | |
|---|---|
| Annual | $53,340 |
| Annual Per SF | $14.89 |
Property Facts
| Price | $725,000 | Apartment Style | Low-Rise |
| Price Per Unit | $145,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 7.36% | Building Size | 3,583 SF |
| Gross Rent Multiplier | 8.91 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 1.2/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | TND - Traditional Neighborhood Downtown | ||
| Price | $725,000 |
| Price Per Unit | $145,000 |
| Sale Type | Investment |
| Cap Rate | 7.36% |
| Gross Rent Multiplier | 8.91 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 3,583 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.2/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | TND - Traditional Neighborhood Downtown |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 532 |
| 2+1 | 2 | - | 672 |
| 3+2 | 1 | - | 1,175 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 104-23-01 | Total Assessment | $426,517 |
| Land Assessment | $71,084 | Annual Taxes | $8,236 ($2.30/SF) |
| Improvements Assessment | $355,433 | Tax Year | 2025 |
Property Taxes
Parcel Number
104-23-01
Land Assessment
$71,084
Improvements Assessment
$355,433
Total Assessment
$426,517
Annual Taxes
$8,236 ($2.30/SF)
Tax Year
2025
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5 Plex on J | 314 J St