5 Units. x4 2BD/1BA. x1 1BD/1BA. Current Cap Rate ~7.6%. Pro Forma Cap Rate ~9.2%. 100% Occupancy. This investment property is just one block from Main Street in the heart of Downtown Lodi. The property consists of four spacious two-bedroom, one-bath units of approximately 1,100 square feet each with large, condo-style layouts, plus one one-bedroom, one-bath unit w/ coin operated laundry facilities on-site. Clean, well-maintained building with long-term tenants providing stable occupancy. Rents are currently below market, creating clear upside potential through future rent adjustments. Prime walkable location near Downtown Lodi's shops, restaurants, wine bars, nightlife, and entertainment. Rent roll and expense sheets available upon request or attached to MLS listing. Income and expense figures reflect the current owner's operation of the property.
Closed
$875,000
220 E Elm St, Lodi, CA 95240
9beds
4,982sqft
5 or More Units
Built in 1969
-- sqft lot
$868,900 Zestimate®
$176/sqft
$1,692 Estimated rent
Home value
$868,900
$825,000 - $912,000
$1,692/mo
Zestimate® history
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$5,614/mo
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$5,614/mo
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Spacious two-bedroom one-bath unitsClean well-maintained buildingLarge condo-style layouts
Zillow last checked:
Listing updated:
Listed by:
Cameron DeRuosi DRE #02165484 209-499-9979,
Michael A. De Ruosi III
Bought with:
Danny Tejeda, DRE #01958603
Windermere Signature Properties Natomas
Source: MetroList Services of CA,MLS#: 226031072Originating MLS: MetroList Services, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Wall Furnace
Cooling
- Ceiling Fan(s), Wall Unit(s), Window Unit(s)
Appliances
- Laundry: Coin Operated
Features
- Flooring: Carpet, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 0
- Total interior livable area: 4,982 sqft
Property
Parking
- Total spaces: 6
- Parking features: Covered
- Uncovered spaces: 6
Features
- Levels: One
- Stories: 1
Lot
- Size: 5,998 Square Feet
- Features: Corner Lot, Sidewalk
Details
- Zoning: Multi-Family
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: 5 or More Units
Materials
- Brick, Stucco, Wood
- Foundation: Concrete
Condition
- Year built: 1969
Utilities & green energy
- Sewer: Public Sewer
- Water: Meter on Site
- Utilities for property: Cable Available, Sewer Connected, Natural Gas Connected
Community & HOA
Location
- Region: Lodi
Financial & listing details
- Price per square foot: $176/sqft
- Price range: $875K - $875K
- Date on market: 3/15/2026
- Income includes: Rent Only
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Sold | $875,000$176/sqft |
Source: MetroList Services of CA #226031072 Report a problem | ||
| 7/16/2026 | Pending sale | $875,000$176/sqft |
Source: MetroList Services of CA #226031072 Report a problem | ||
| 7/16/2026 | Listing removed | $875,000$176/sqft |
Source: MetroList Services of CA #226031072 Report a problem | ||
| 3/23/2026 | Pending sale | $875,000$176/sqft |
Source: MetroList Services of CA #226031072 Report a problem | ||
| 3/15/2026 | Listed for sale | $875,000+11.4%$176/sqft |
Source: MetroList Services of CA #226031072 Report a problem | ||
| 7/16/2025 | Sold | $785,265-19.5%$158/sqft |
Source: MetroList Services of CA #225014591 Report a problem | ||
| 5/16/2025 | Pending sale | $975,000$196/sqft |
Source: MetroList Services of CA #225014591 Report a problem | ||
| 4/21/2025 | Listed for sale | $975,000$196/sqft |
Source: MetroList Services of CA #225014591 Report a problem | ||
| 4/3/2025 | Pending sale | $975,000$196/sqft |
Source: MetroList Services of CA #225014591 Report a problem | ||
| 3/25/2025 | Listed for sale | $975,000$196/sqft |
Source: MetroList Services of CA #225014591 Report a problem | ||
| 3/7/2025 | Pending sale | $975,000$196/sqft |
Source: MetroList Services of CA #225014591 Report a problem | ||
| 2/26/2025 | Price change | $975,000-18.8%$196/sqft |
Source: MetroList Services of CA #225014591 Report a problem | ||
| 2/8/2025 | Pending sale | $1,200,000$241/sqft |
Source: MetroList Services of CA #225014591 Report a problem | ||
| 2/7/2025 | Listed for sale | $1,200,000$241/sqft |
Source: MetroList Services of CA #225014591 Report a problem | ||
| 6/4/2024 | Listing removed | $1,200,000$241/sqft |
Source: MetroList Services of CA #224059558 Report a problem | ||
| 6/3/2024 | Listed for sale | $1,200,000+41.3%$241/sqft |
Source: MetroList Services of CA #224059558 Report a problem | ||
| 7/3/2020 | Listing removed | $849,000$170/sqft |
Source: Schaffer & Company, Realtors #20016992 Report a problem | ||
| 3/18/2020 | Listed for sale | $849,000$170/sqft |
Source: Schaffer & Company, Realtors #20016992 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 95240
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Nearby schools
GreatSchools rating
- 7/10George Washington Elementary SchoolGrades: K-6Distance: 1 mi
- 4/10Millswood Middle SchoolGrades: 7-8Distance: 1.7 mi
- 6/10Lodi High SchoolGrades: 9-12Distance: 1.3 mi
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Sell for more on Zillow
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With Zillow Showcase(estimated)
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- California
- San Joaquin County
- Lodi
- 95240
- 220 E Elm St
