The 14th Street Apartments presents a compelling five-unit value-add investment opportunity for both first-time and seasoned multifamily investors. Three of the five units were rebuilt in 2012, while the remaining studio and one-bedroom units are housed in separate standalone structures, offering additional tenant privacy. All units have undergone interior upgrades, and the property features fresh exterior paint, limiting near-term capital expenditure requirements while enhancing overall curb appeal. Additional operational advantages include ample street parking and a private driveway serving two units. With a favorable combination of below-market rents, upgraded units, newer construction, and limited immediate capital needs, the 14th Street Apartments provides an attractive opportunity to acquire a well maintained multifamily asset with identifiable value-add potential.
Multi-familyProperty Type
1895Year Built
5,662 sq ftLot Size
$213Price/Sq.Ft.
5 spacesParking
Listed by Andy Hodgson•DRE #01796017• Colliers Parrish Intenational Inc.
Downtown, located between Highway 99 and the Tuolumne River, is a historic and civic Modesto neighborhood with a classic street grid and a marquee theater skyline. The neighborhood’s character concentrates around 10th Street and J Street, where sidewalk patios, galleries, and late-night bites cluster under neon and streetlights. The State Theatre anchors the arts calendar, while Gallo Center for the Arts and the McHenry Museum add cultural weight. Early-20th-century storefronts and brick facades frame pocket parks and public plazas. Government buildings and small offices keep weekdays busy, and murals and marquees keep evenings animated.
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Property details
Interior
Exterior
Finance
Interior features
Carpet and vinyl flooring
One-story layout
Bedrooms
Unit mix includes 1-bedroom units
Bathrooms
Units include full bathrooms
Laundry & utility
Laundry: Other (unspecified)
Flooring
Carpet
Vinyl
Heating & cooling
Wall furnace heating
Wall-mounted cooling units
Exterior features
No special lot features listed
Lot size about 0.13 acre
Home design
Residential income property configured as apartments
Five-unit building
Built in 1895
Parking
Parking for 5 vehicles
Construction
Originally built in 1895
Utilities
Cable connected
City utilities
Natural gas connected
Public sewer
Water meter on site
Irrigation: see remarks
HOA & community
No homeowners association
Electricity and solar
View estimated energy costs and solar savings for this home
The purpose of this zone is to facilitate the continuing transition of the east area of downtown that was originally developed as a residential neighborhood but is in the process of changing to commercial and office uses. This zone would allow a mixture of uses where new development would include a variety of housing types and commercial uses.
Permitted uses
Include but are not limited to:
General retail
Restaurant
Housing
Lodging & hospitality
Office
Sep 17, 2014 • Final
Res remodel
Remodel
Dec 10, 2012 • Final
Res plumbing
Gas
Plumbing
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.
Historical weather
Modesto, CA • 95354
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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.
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Redfin Estimate for 421 14th St
There isn’t enough information to generate an accurate estimate at this time. Learn More
This home is pending
The seller has accepted an offer, and this property is now pending.