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  • $499,999

    961 El Terino Ave, Modesto, CA 95350

    2beds
    1,566sqft
    : 
    $3,483/mo
    Get pre-qualified
    Duplex
    Built in 1950
    -- sqft lot
    $487,500 Zestimate®
    $319/sqft
    $-- HOA

    What's special

    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.
    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

        DateEventPrice
        9/18/2026Listed for sale$499,999+376.2%$319/sqft
        Source: SFAR #226117672 Report a problem
        10/17/2012Sold$105,000-58%$67/sqft
        Source: MetroList Services of CA #12024071 Report a problem
        1/16/2004Sold$250,000$160/sqft
        Source: MetroList Services of CA #30063148 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 95350

        Getting around

        62 / 100
        Somewhat Walkable
        35 / 100
        Some Transit
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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