871-897 Vermont Avenue is a diversified multifamily investment opportunity located in Turlock. The property consists of nineteen (19) income-producing units, including nine (9) 2-bedroom/1-bath units, one (1) 1-bedroom/1-bath unit, and nine (9) trailer home stalls, offering a balanced mix of traditional multifamily and land-lease income streams. Situated on approximately 1.34 acres, the property provides strong in-place cash flow with additional upside potential. Constructed in 1979-1983, the apartment units have been well maintained, with nine of the ten units extensively remodeled between 2019 and 2020. Renovations include modernized interiors, while all units feature central heating and air conditioning. The property also includes an on-site coin-operated laundry facility and six (6) personal storage closets, presenting additional income opportunities. With both unit and trailer stall rents currently below market levels, investors have a clear path to increasing net operating income through mark to market rent adjustments. The diversified unit mix and multiple income streams make it an attractive option for investors seeking both stability and growth.
Active
Price cut: $129.5K (9/3)
$1,870,000
871 Vermont Ave, Turlock, CA 95380
--beds
0baths
4,287sqft
5 or More Units
Built in 1983
-- sqft lot
$-- Zestimate®
$436/sqft
$-- HOA
What's special
Modernized interiorsPersonal storage closetsOn-site coin-operated laundry facility
- 192 days
- 332
- 15
Zillow last checked:
Listing updated:
Listed by:
Jordan Amarant DRE #01911219 209-345-8209,
PMZ Commercial Real Estate
Source: MetroList Services of CA,MLS#: 226034517Originating MLS: MetroList Services, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Free-Standing Electric Oven
- Laundry: Common Area
Features
- Flooring: Varies
- Has fireplace: No
Interior area
- Total interior livable area: 4,287 sqft
Property
Parking
- Parking features: See Remarks
Features
- Levels: One
- Stories: 1
Lot
- Size: 1.37 Acres
- Features: Other
Details
- Parcel number: 050035004000
- Zoning: residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5 or More Units
Materials
- See Remarks
- Foundation: See Remarks
Condition
- Year built: 1983
Utilities & green energy
- Sewer: See Remarks
- Water: See Remarks
- Utilities for property: Other
Community & HOA
Location
- Region: Turlock
Financial & listing details
- Price per square foot: $436/sqft
- Tax assessed value: $518,775
- Price range: $1.9M - $1.9M
- Date on market: 3/21/2026
- Income includes: See Remarks
Estimated market value
Not available
Estimated sales range
Not available
$1,208/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Price change | $1,870,000-6.5%$436/sqft |
Source: MetroList Services of CA #226034517 Report a problem | ||
| 7/11/2026 | Price change | $1,999,500-6.8%$466/sqft |
Source: | ||
| 3/21/2026 | Listed for sale | $2,145,000+10625%$500/sqft |
Source: MetroList Services of CA #226034517 Report a problem | ||
| 12/18/2002 | Sold | $20,000$5/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $518,775 +2% |
| 2025 | $5,460 +1.9% | $508,604 +2% |
| 2024 | $5,358 +0.2% | $498,633 +2% |
| 2023 | $5,350 +1.3% | $488,857 +2% |
| 2022 | $5,283 +1.5% | $479,272 +2% |
| 2021 | $5,205 +0.7% | $469,875 +1% |
| 2020 | $5,169 +1.7% | $465,058 +2% |
| 2019 | $5,082 +310.2% | $455,940 +320.8% |
| 2018 | $1,239 +5.3% | $108,348 +4.9% |
| 2017 | $1,177 +7% | $103,283 +2% |
| 2016 | $1,100 +2.1% | $101,259 +1.5% |
| 2015 | $1,077 | $99,739 +2% |
| 2014 | $1,077 | $97,787 +4.5% |
| 2012 | -- | $93,568 |
| 2011 | -- | $93,568 +0.8% |
| 2010 | -- | $92,870 -0.2% |
| 2009 | -- | $93,089 +2% |
| 2008 | -- | $91,264 +2% |
| 2007 | -- | $89,476 +2% |
| 2006 | -- | $87,722 +2% |
| 2005 | -- | $86,003 +2% |
| 2004 | $911 +199.7% | $84,318 +194.1% |
| 2003 | $304 | $28,671 +24% |
| 2002 | -- | $23,118 +2% |
| 2001 | $242 +1.4% | $22,665 +2% |
| 2000 | $239 | $22,220 |
Find assessor info on the county website
Monthly payment
Est. payment





