A rare opportunity to acquire proven, cash flowing rental properties in the heart of Modesto, California. The Bates Initiative represents a curated collection of duplexes and triplexes positioned in strong, established neighborhoods throughout the city, each delivering consistent rental income with tenants already in place. These are not fixer-upper speculations or value-add gambles. These are performing assets in desirable Modesto locations, benefiting from the Central Valley's sustained rental demand and a tenant base that keeps them occupied and producing. With occupancy rates running near capacity across the portfolio, the income is real and the runway is long. Whether you are an investor looking to plant your first flag in the Central Valley or a seasoned operator ready to scale, the Bates Initiative offers flexibility. Individual properties are available for those looking to start or add strategically, and the full portfolio is available for acquisition by a single buyer looking to move meaningfully into one of California's most resilient rental markets. Modesto's fundamentals continue to support strong rental performance. Growing population, limited housing inventory, and consistent demand from working families make this market a dependable income engine for landlords who know what they are looking at. Opportunities like this, performing, nearly fully occupied, and available individually or as a whole, do not surface often. Inquire for property addresses, rent rolls, and financials.
Active
$499,999
961 El Terino Ave, Modesto, CA 95350
2beds
1,566sqft
Duplex
Built in 1950
-- sqft lot
$487,500 Zestimate®
$319/sqft
$-- HOA
What's special
- 22 days
- 196
- 19
Zillow last checked:
Listing updated:
Listed by:
Randy Thomas DRE #02114775 209-481-7096,
PMZ Real Estate,
Daniel Del Real DRE #01423976 209-204-0610,
PMZ Real Estate
Source: MetroList Services of CA,MLS#: 226117672Originating MLS: MetroList Services, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Floor Furnace
Cooling
- Wall Unit(s)
Appliances
- Included: Free-Standing Refrigerator, Free-Standing Electric Range
- Laundry: Other
Features
- Flooring: Carpet, Wood
- Has fireplace: No
Interior area
- Total interior livable area: 1,566 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Carport
- Has carport: Yes
- Covered spaces: 2
Lot
- Size: 5,928 Square Feet
- Features: Corner Lot
Details
- Parcel number: 112027030000
- Zoning: MLT FAM
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow,Cottage
- Property subtype: Duplex
Materials
- Stucco, Wood
- Foundation: Raised
- Roof: Composition
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other
Community & HOA
Community
- Subdivision: Wadsworth Tract
Location
- Region: Modesto
Financial & listing details
- Price per square foot: $319/sqft
- Tax assessed value: $131,873
- Price range: $500K - $500K
- Date on market: 9/18/2026
- Tenant pays: Electricity, Sewer, Gas, Trash Collection, Water
- Income includes: Rent Only
Estimated market value
$487,500
$463,000 - $512,000
$1,749/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2026 | Listed for sale | $499,999+376.2%$319/sqft |
Source: SFAR #226117672 Report a problem | ||
| 10/17/2012 | Sold | $105,000-58%$67/sqft |
Source: MetroList Services of CA #12024071 Report a problem | ||
| 1/16/2004 | Sold | $250,000$160/sqft |
Source: MetroList Services of CA #30063148 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $131,873 +2% |
| 2025 | $1,512 +4.7% | $129,288 +2% |
| 2024 | $1,444 +1.5% | $126,754 +2% |
| 2023 | $1,423 +2.5% | $124,270 +2% |
| 2022 | $1,388 +6.3% | $121,834 +2% |
| 2021 | $1,306 -1.9% | $119,446 +1% |
| 2020 | $1,332 +2.4% | $118,222 +2% |
| 2019 | $1,301 +5% | $115,905 +2% |
| 2018 | $1,238 +2.4% | $113,633 +2% |
| 2017 | $1,209 +2% | $111,406 +2% |
| 2016 | $1,186 +3% | $109,222 +1.5% |
| 2015 | $1,152 | $107,582 +2% |
| 2014 | $1,152 | $105,476 -5.8% |
| 2012 | -- | $112,000 |
| 2011 | -- | $112,000 +5.7% |
| 2010 | -- | $106,000 -6.2% |
| 2009 | -- | $113,000 -55.7% |
| 2008 | -- | $255,000 -3.9% |
| 2007 | -- | $265,300 +2% |
| 2006 | -- | $260,099 +2% |
| 2005 | -- | $255,000 +147.9% |
| 2004 | $1,024 +1% | $102,865 +1.9% |
| 2003 | $1,013 | $100,980 +2% |
| 2002 | -- | $99,000 +149.5% |
| 2001 | $429 -0.6% | $39,680 +2% |
| 2000 | $432 | $38,902 |
Find assessor info on the county website
Monthly payment
Est. payment




