Owner carry 6.25% 30 years payments $4,628.96 425K down 8 unit apartment building all one bedroom one bathroom you can build another apartment building up to four units approved by city. Fully occupied.
Multi-familyProperty Type
1920Year Built
0.26 acresLot Size
$224Price/Sq.Ft.
8 spacesParking
Listed by Sheree Thiel•DRE #02003064• Beverly & Company Luxury Properties
Central Modesto, located between Downtown Modesto and Graceada Park, is a historic and walkable Modesto neighborhood with tree-lined streets and early-20th-century architecture. The neighborhood’s character concentrates around 10th Street and J Street, where marquee lights, patios, and late-night foot traffic cluster near theaters, galleries, and independent eateries. The State Theatre anchors the arts calendar, while Gallo Center for the Arts and Mistlin Gallery add a polished cultural backbone. Craftsman bungalows and Spanish Revival homes sit behind mature canopies, with pocket gardens and front porches shaping the streetscape. Coffee counters, small bars, and local restaurants keep the pace social without feeling rushed. A grid of bikeable blocks links civic buildings, murals, and weekend events downtown.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Ground level entry with steps
Ceiling fan
Bedrooms
One-bedroom units (multiple units listed)
Bathrooms
Shower and tub combinations in units
Kitchen
Galley kitchen
Convection oven
Gas cooking
Laundry & utility
No laundry on site
Flooring
Laminate floors
Heating & cooling
Heat pump and natural gas heating
Ceiling fans
Wall/window cooling units
Heat pump cooling
Gas water heater
Exterior features
Back yard
Balcony
Home design
Residential income property
Attached building
Two-level / two floors
Faces north
Parking
Detached garage
Eight total parking spaces (all open/other)
Construction
Frame construction
Composition and tar-and-gravel roofs
Utilities
Public water with meter on property
Sewer in street
Water district: MID
HOA & community
Association fees include trash, water and sewer
Community of 8 units
Financial info
Gross income reported at $106,752
Gross operating income reported at $106,752
Net operating income reported at $67,700
Total annual expenses reported at $40,044
Actual monthly rent totals shown
Owner pays water; tenants pay electric and gas
Cap rate listed at 5.5
Gross rent multiplier listed at 5
Property reported as actual income
Other
Disclosures: Sold/Offered As Is
Electricity and solar
View estimated energy costs and solar savings for this home
The R-3 (Medium-High-Density Residential) zoning district is intended to accommodate relatively higher-density residential development, including accessory structures and uses.
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 31, 2020 • Final
Res remodel
Remodel
Oct 16, 2008 • Final
Res water heater
Gas
Plumbing
Water heater
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
6/10 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
33 unhealthy days expected this year, 38 days in 30 years
Provided by First Street
Historical weather
Modesto, CA • 95354
Average low and high temperatures (°F)
60
40
65
45
73
49
75
50
84
56
91
60
94
62
95
65
88
64
79
57
64
47
55
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
97/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 12% for direct sun exposure in Modesto. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 203 Jones St
There isn’t enough information to generate an accurate estimate at this time. Learn More