Closed

$718,000

502 Colorado Ave, Modesto, CA 95351

5beds

1,908sqft

Quadruplex

Built in 1914

-- sqft lot

$698,600 Zestimate^®

$376/sqft

$2,216 Estimated rent

Home value

$698,600

$608,000 - $803,000

$2,216/mo

Zestimate^® history

Owner options

List your home for rent

$2,216/mo

Rent Zestimate^®

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$2,216/mo

Rent Zestimate^®

Refinance and save

$4,514/mo

Est. payment

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$4,514/mo

Est. payment

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What's special

Don't miss this great investment opportunity! Four homes on nearly 3/4 acre lot with lots of room to expand your income! One unit has been recently remodeled with over $90,000 in upgrades. All these units feature very large font and or back yards with plenty of room for vehicles, RVs, boats or even new buildings. Owner receives $4450 in rents per month. Cap Rate 6.86%

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 6
Full bathrooms: 4
Partial bathrooms: 2

Heating

Electric

Cooling

Ceiling Fan(s), Wall Unit(s)

Appliances

Laundry: Other

Features

Flooring: Carpet, Tile
Has fireplace: No

Interior area

Total structure area: 0
Total interior livable area: 1,908 sqft

Property

Parking

Total spaces: 4
Parking features: Open, RV Storage

Lot

Size: 0.73 Acres
Features: Corner Lot, Shape Regular
Topography: Level,Level

Details

Parcel number: 037039004000
Zoning: R1
Special conditions: Other

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Wood
Foundation: Raised, Slab
Roof: Composition,Metal

Condition

Year built: 1914

Utilities & green energy

Electric: 220 Volts
Water: Public
Utilities for property: Electric, Sewer In & Connected

Community & HOA

Location

Region: Modesto

Financial & listing details

Price per square foot: $376/sqft
Tax assessed value: $175,961
Date on market: 2/21/2024
Tenant pays: Rent Only, Electricity
Income includes: Rent Only

Price history

Date	Event	Price
4/25/2024	Sold	$718,000+21.9%$376/sqft
Source: MetroList Services of CA #224014787 Report a problem
2/28/2024	Pending sale	$589,000$309/sqft
Source: MetroList Services of CA #224014787 Report a problem
2/21/2024	Listed for sale	$589,000$309/sqft
Source: MetroList Services of CA #224014787 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	--	$175,961 -72.8%
2025	$7,556 +1006%	$646,170 +977.4%
2024	$683 +1.5%	$59,975 +2%
2023	$673 +2.5%	$58,800 +2%
2022	$657 +6.3%	$57,648 +2%
2021	$618 -1.9%	$56,518 +1%
2020	$630 +2.4%	$55,939 +2%
2019	$616 +5%	$54,843 +2%
2018	$586 +2.4%	$53,769 +2%
2017	$572 +1.9%	$52,715 +2%
2016	$561 +1.4%	$51,683 +1.5%
2015	$554 +1.6%	$50,908 +2%
2014	$545	$49,912 +4.5%
2012	--	$47,760
2011	--	$47,760 +0.7%
2010	--	$47,405 -0.2%
2009	--	$47,517 +2%
2008	--	$46,586 +2%
2007	--	$45,674 +2%
2006	--	$44,779 +2%
2005	--	$43,902 +2%
2004	$460 +0.9%	$43,042 +1.9%
2003	$456	$42,254