101 -107 I ST MODESTO CA 95351
Unique Three-Parcel Multifamily Portfolio
Marketing description
The properties located at 101 I St, 107 I St, and 510 S Washington St present the opportunity to acquire a three-parcel multifamily portfolio totaling eight residential units in Downtown Modesto. The portfolio consists of four separate buildings situated on individual legal parcels, totaling approximately 4,298 square feet of building area on 8,207 square feet per public record.
101 I Street is a four-unit apartment building consisting of three one-bedroom, one-bath units and one two-bedroom, one-bath unit. 107 I Street is comprised of a duplex featuring two one-bedroom, one-bath units, along with a detached one-bedroom, one-bath ADU. 510 S Washington Street consists of a standalone two-bedroom, one-bath single-family residence.
The diverse unit configuration provides a practical mix of housing options designed to appeal to a broad tenant base seeking attainable rental housing near Downtown Modesto’s employment centers, retail corridors, dining, and transportation amenities.
A notable investment characteristic of the offering is the three-parcel configuration, which provides potential flexibility for separate financing, phased disposition strategies, or long-term portfolio hold scenarios. Additionally, the portfolio’s smaller-scale multifamily composition may appeal to private investors seeking assets that can be more manageable to operate, finance, and reposition over time.
Investment highlights
Eight-Unit Multifamily Portfolio
The offering consists of three residential buildings totaling eight units, including six (6) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units, providing a diversified unit mix that appeals to a wide range of tenants.
Three Separate Parcels
The portfolio is situated on three individual legal parcels, providing future flexibility for separate financing, phased disposition, or long-term hold strategies.
Well-Located Near Downtown Modesto
The properties are located near Downtown Modesto, offering convenient access to employment centers, retail, dining, and major transportation corridors.
Strong Demand for Workforce Housing
The predominantly one-bedroom unit mix caters to strong rental demand from individuals and small households seeking affordable housing options.
Small Multifamily Investment Opportunity
Assets in the 2–4 unit building range are highly sought after by private investors due to accessibility of financing and strong resale liquidity.
Operational Upside Potential
Opportunity exists to increase rents through unit improvements, turnover strategy, and professional management.
Flexible Investment Strategy
Investors may choose to hold as a stabilized income portfolio or sell parcels individually over time, potentially unlocking additional value.
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