Off Market Nov 2023 for $480K

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Est. refi paymentEst. refi $2,749/mo

Studio

•

— ba

•

—

sq ft

603 Rio Grande Ave, Modesto, CA 95351

About this home

Welcome to an exceptional investment opportunity in the heart of Modesto. This remarkable property offers a strategic location, impressive financial potential, and a diverse range of possibilities for savvy investors. With 2 parcels of land, 6 buildings, and a total of 7 units, this gem is poised to deliver excellent returns on your investment. There are 1 3-bedroom/2-bathroom unit, 1 2-bedroom/2-bathroom unit, 2 2-bedroom/1-bathroom units, and 3 1-bedroom/1-bathroom units (2 units on the same lot have 1bed/1bath additions without permits, but permits can be pulled with ease). 3 units will be delivered vacant so you can bring them to market rents of $1400-1800, bringing in a total gross of $8000+/monthly and lots of room for growth with yearly increases.

Multi-familyProperty Type

1953Year Built

0.41 acresLot Size

5 spacesParking

Listed by Yusuf Nafey •DRE #02121822 • eXp Realty of California Inc.

Bought with Jaime Bedoy •DRE #01452493 • HomeSmart PV & Associates

Redfin checked: 3 minutes ago

•Source:MetroList #223071701

Listing provided courtesy of Metrolist Services, Inc (Sacramento)

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 95351, CA

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.2%

+0.6% MoM

Median sale price

$400K

$90 MoM

Avg. days on market

17d

4 days MoM

Recently sold homes

5 MoM

New listings for sale

$399,999
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EXIT Realty Consultants
$399,000
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Century 21 Select Real Estate
$595,000
6 beds3 baths2,590 sq ft
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Redwood Real Estate
$439,000
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EXIT Realty Consultants
VIDEO TOUR
$85,000
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PMZ Real Estate, PMZ Real Estate
$369,900
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1st Capital
$449,950
3 beds2 baths1,152 sq ft
1643 River Rd, Modesto, CA 95351
PMZ Real Estate
$450,000
3 beds2 baths1,186 sq ft
1324 Riverette Dr, Modesto, CA 95351
$445,000
3 beds2 baths1,200 sq ft
733 Larmuseau Ln, Modesto, CA 95351
Realty ONE Group Zoom
$310,000
3 beds2 baths1,240 sq ft
2025 Olive Branch Dr, Modesto, CA 95351
Matel REALTORS, Matel REALTORS
See all

Provided by Redfin

Sale history for 603 Rio Grande Ave

Year

Property tax

Land + Additions

Assessment*

2025

$5,869 (+4.1%)

$176,868 + $322,524

$499,392

2024

$5,640 (+307.9%)

$173,400 + $316,200

$489,600

2023

$1,383 (+2.2%)

$170,000 + $310,000

$480,000

2022

$1,353 (+5.6%)

$17,669 + $88,365

$106,034

2021

$1,282 (−0.6%)

$17,323 + $86,633

$103,956

2020

$1,290 (+1.7%)

$16,984 + $84,935

$101,919

2019

$1,268 (+4.3%)

$16,810 + $84,065

$100,875

2018

$1,216 (+3.2%)

$16,481 + $82,417

$98,898

2017

$1,178 (+2.4%)

$15,842 + $79,217

$95,059

2016

$1,151 (−0.8%)

$15,842 + $79,217

$95,059

2015

$1,160 (+1.9%)

$15,532 + $77,664

$93,196

2014

$1,138 (+219.0%)

$15,000 + $75,000

$90,000

2013

$357 (−21.3%)

$15,000 + $75,000

$90,000

2012

$453 (+5.1%)

$4,715 + $22,615

$27,330

2011

$431

$4,623 + $22,172

$26,795

2010

$431 (+5.5%)

$4,533 + $21,738

$26,271

2009

$409 (+0.9%)

$4,500 + $21,576

$26,076

2008

$406

$4,510 + $21,627

$26,137

2007

$406

$4,422 + $21,203

$25,625

Tax history for 603 Rio Grande Ave

Year

Property tax

Land + Additions

Assessment*

2025

$5,869 (+4.1%)

$176,868 + $322,524

$499,392

2024

$5,640 (+307.9%)

$173,400 + $316,200

$489,600

2023

$1,383 (+2.2%)

$170,000 + $310,000

$480,000

2022

$1,353 (+5.6%)

$17,669 + $88,365

$106,034

2021

$1,282 (−0.6%)

$17,323 + $86,633

$103,956

2020

$1,290 (+1.7%)

$16,984 + $84,935

$101,919

2019

$1,268 (+4.3%)

$16,810 + $84,065

$100,875

2018

$1,216 (+3.2%)

$16,481 + $82,417

$98,898

2017

$1,178 (+2.4%)

$15,842 + $79,217

$95,059

2016

$1,151 (−0.8%)

$15,842 + $79,217

$95,059

2015

$1,160 (+1.9%)

$15,532 + $77,664

$93,196

2014

$1,138 (+219.0%)

$15,000 + $75,000

$90,000

2013

$357 (−21.3%)

$15,000 + $75,000

$90,000

2012

$453 (+5.1%)

$4,715 + $22,615

$27,330

2011

$431

$4,623 + $22,172

$26,795

2010

$431 (+5.5%)

$4,533 + $21,738

$26,271

2009

$409 (+0.9%)

$4,500 + $21,576

$26,076

2008

$406

$4,510 + $21,627

$26,137

2007

$406

$4,422 + $21,203

$25,625

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

9,000 Sq. Ft.

Year renovated

—

Sq. Ft.

736

Year built

1953

Style

Other

County

Stanislaus County

APN

038038042000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 13, 2026.

R-1

Low-Density Residential Zone

The R-1 (Low-Density Residential) zoning district is intended to accommodate lower-density residential development, including accessory structures and uses;

Permitted uses

Include but are not limited to:

Garden center
Housing-Single unit
Housing-Senior
Housing-Other
Lodging & hospitality
Bed & breakfast
Public service
Housing-Mobile home park
Park & open space

Dec 5, 2024 • Final

Res plumbing

Demolish septic tanks and perform plumbing work to connect the property to the city sewer system.

Plumbing

Aug 17, 2015 • Final

Res remodel

Electrical

Remodel

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.

Property details

Parking

Parking & Garage Information
Parking Total: 5

Interior

Heating & Cooling
Cooling: Ceiling Fan(s), Central, Window Unit(s), Varies by Unit
Heating: Central, Varies by Unit

Interior Features
Appliances: Free Standing Gas Oven, Free Standing Gas Range, Gas Water Heater
Green Energy Efficient: Water Heater
Flooring: Carpet, Tile, Laminate, Varies By Unit
Laundry Features: Varies By Unit
Patio And Porch Features: Covered Patio, Varies By Unit
# of Stories: 1

Room Information
# of Rooms (Total): 12

Exterior

Exterior Features
Exterior Features: Fenced Yard, Yard Space
Roof: Composition

Property Information
Property Type: Residential Income
Property Sub Type: 5 or More Units
Subtype Description: Apartments, House(s)
Property Condition: Updated/Remodeled, Varies By Unit
Year Built: 1,953

Lot Information
Lot Features: Corner, Sidewalk, Landscape Front
Lot Size Square Feet: 17,886
Lot Size Acres: 0.4106

Utilities

Utility Information
Utilities: Natural Gas Connected, City
Separate Meters: Electricity
Sewer: Septic System
Irrigation Source: Irrigation District, Meter on Site
Water Source: Public

Location

Multi-Unit Information
# of Units (Total): 7

HOA Information
Association YN: No

School Information
School District County: Stanislaus
Elementary School District: Modesto City
Middle Or Junior School District: Modesto City
High School District: Modesto City

Location Information
Postal Code Plus 4: 5443
Postal Code: 95351
County Or Parish: Stanislaus
CrossStreet: Boulder Ave
Directions: Going South on 99, exit Hatch Rd. Turn right on Hatch Rd. Turn right on Boulder Ave.
State Or Province: CA
Street Number Numeric: 603
Unparsed Address: 603 Rio Grande Ave, Modesto, CA 95351-5443
Street Address Filtered: 603 Rio Grande Ave

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 736
Stories: —
Lot Size: 9,000 square feet
Style: Other
Year Built: 1953
Year Renovated: —
County: Stanislaus County
APN: 038038042000

Home facts updated by county records on Jul 13, 2026

Other

Selling Agent
Buyer Agent Full Name: Jaime V Bedoy

Around this home

Schools

Shackelford Elementary School

Public K-6 • Assigned • 0.4mi

4/10

Evelyn Hanshaw Middle School

Public 7-8 • Assigned • 1.0mi

3/10

Thomas Downey High School

Public 9-12 • Assigned • 3.3mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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

33 unhealthy days expected this year, 38 days in 30 years

Provided by First Street

Historical weather

Modesto, CA • 95351

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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

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Home values near 603 Rio Grande Ave

Data from public records.

Address	Redfin Estimate
511 Rio Grande Avenue, Modesto, CA 3 Beds \| 2 Baths \| 1152 Sq. Ft.	$348,269
1309 Boulder Avenue, Modesto, CA 3 Beds \| 1 Baths \| 960 Sq. Ft.	$274,666

Address	Redfin Estimate
611 Rio Grande Avenue, Modesto, CA 4 Beds \| 2 Baths \| 1568 Sq. Ft.	$407,975
1334 Boulder Avenue, Modesto, CA 4 Beds \| 3 Baths \| 2268 Sq. Ft.	$564,844

Address	Redfin Estimate
521 Rio Grande Avenue, Modesto, CA 1 Beds \| 1 Baths \| 1040 Sq. Ft.	$311,741
1513 Jim Way, Modesto, CA 2 Beds \| 1 Baths \| 792 Sq. Ft.	$200,460

Property information provided by MetroList when last listed in 2023. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 95351, CA

Sale history for 603 Rio Grande Ave

Tax history for 603 Rio Grande Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 95351

Home values near 603 Rio Grande Ave

More real estate resources