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About this home
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.
Multi-familyProperty Type
1953Year Built
6,900 sq ftLot Size
$303Price/Sq.Ft.
2 car garageParking
Listed by Randy Thomas•DRE #02114775• PMZ Real Estate
Listed by Daniel Del Real•DRE #01423976• PMZ Real Estate
Orangeburg, located between McHenry Avenue and Coffee Road, is a residential and commercial Modesto neighborhood with mid-century ranch homes and leafy, canal-lined streets. The neighborhood’s character concentrates around the McHenry Ave corridor near Orangeburg Ave, where low-slung plazas, taquerias, and long-running local storefronts set a steady, everyday rhythm. Standouts such as Dewz Restaurant, Preservation Coffee & Tea, and the State Theatre anchor nights out beyond the neighborhood grid. Side streets read as classic Central Valley: wide driveways, mature shade trees, and a mix of original and refreshed facades. Dry Creek and nearby greenbelts add a soft edge to the built landscape. Errands and meetups tend to orbit the McHenry retail spine and the downtown arts scene.
Provided by Walk Score and Local Logic
Offer insights
1335 Tully Rd · $519,999
$520K and above
75% chance or better to win
Why $520K+ is a strong offer
DAYS ON MARKET
31 days
The average home goes pending in 40 days.
SALE-TO-LIST
96.1%
Most homes are selling 4% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bedroom
Living
Dining
Interior features
Window treatments include dual-pane partial windows
Varied appliances by unit
Bedrooms
Two 2-bedroom units
Bathrooms
Each unit has one full bathroom
Kitchen
Appliances vary by unit
Laundry & utility
Laundry features listed as other (varies by unit)
Flooring
Carpet
Vinyl
Linoleum
Heating & cooling
Floor furnace heating
Cooling varies by unit
Exterior features
Corner lot
Composition roof
Home design
Duplex residential income property
Single-story building
Built in 1953
Parking
Garage parking (2 garage spaces)
Construction
Composition roof
Built in 1953
Utilities
Natural gas connected
Public water
Public sewer
Irrigation from public district
HOA & community
No association
Financial info
2 total units (both income units)
Electricity and solar
View estimated energy costs and solar savings for this home
The R-2 (Medium-Density Residential) zoning district is intended to accommodate medium-density residential development, including accessory uses and structures.
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Lodging & hospitality
Bed & breakfast
Public service
Housing-Mobile home park
Park & open space
Dec 28, 2005 • Final
Res electrical
Electrical
Feb 19, 1999 • Final
Res remodel
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 102° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
28 unhealthy days expected this year, 32 days in 30 years
Provided by First Street
Historical weather
Modesto, CA • 95350
Average low and high temperatures (°F)
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64
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44
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 1335 Tully Rd
$511,057
$8,942 under list price of $520K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $430K to $485K.