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2216 Palisade Avenue

Modesto, CA 95350

– beds
– baths
3,250 sqft
10,454 sqft lot
$227 per sqft
1970 build
– on site

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Fantastic 4plex/ (Actually 4 Condo's with 4 Separate APN's) . This could be a very easy Value add since the 4 Individual condo's should be worth considerably more than the fourplex. These units boast a great current gross rental income of $69,060 with a current GRM of 10.84! There is still plenty of upside potential using the Rentometer 50% rent in the area the rent should be closer to $76,992 (Report Attached). At marker rents the GRM would be 9.72. All these units were updated about 4 years ago. Our pictures are for 3 of the 4 units. We will be getting pictures soon of unit #1 soon. Units 2 & # are in fair/Average Condition with normal wear and tear. Unit # 4 is in good condition with minor cosmetic defects. These units are located in the professionally managed HOA (Whispering Woods). All units are 2 bedrooms and 1 bath, central heat and air, shared garage spaces, Onsite Laundry, & courtesy patrol. All Units have access to the community pool. HOA covers landscaping, security, pool, common areas, and wall-out insurance. All must be purchased as a package with a concurrent close. Due to these being 4 individual single family parcels this portfolio may not be subject to Rent Control. Buyer to verify themselves.

Listing courtesy of METROLIST / LPT Realty, Inc

Last checked: Checking… • Last updated Apr 2, 2025 •

MLS# 224153354 —

The Building

Year Built:

1970
Year Built Source:

Assessor Auto-Fill
Construction Materials:

Stucco, Frame, Wood
Construction Materials:

#Collection(String)
Architectural Style:

Contemporary
Architectural Style:

#Collection(String)
Development Status:

#Collection(String)
Structure Type:

#Collection(String)
Subtype Description:

#Collection(String)
Stories Total:

2
Levels:

#Collection(String)
Upper Level:

#Collection(String)
Main Level:

#Collection(String)
Lower Level:

#Collection(String)
Roof:

Composition
Roof:

#Collection(String)
Basement:

#Collection(String)
Foundation Details:

Slab
Foundation Details:

#Collection(String)
Building Features:

#Collection(String)
Exterior Features:

#Collection(String)
Window Features:

#Collection(String)
Patio And Porch Features:

Varies by Unit
Patio And Porch Features:

#Collection(String)
Accessibility Features:

#Collection(String)

Interior

Interior Features:

#Collection(String)
Flooring:

Varies by Unit
Flooring:

#Collection(String)
Fireplace Features:

#Collection(String)
Laundry Features:

In Common Area
Laundry Features:

#Collection(String)

Room Dimensions

Living Area:

3250.0
Living Area Source:

Not Verified

Financial & Terms

Lease Type:

Net
Tenant Pays:

Electricity, Gas
Lease Info:

#Collection(String)
Lease Type:

#Collection(String)
Lease Includes:

#Collection(String)
Rent Includes:

#Collection(String)
Owner Pays:

#Collection(String)
Tenant Pays:

#Collection(String)
Pets Allowed:

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Location

Directions:

South on Prescott. Right on Chrysler. Left on Powell. Left on Palisade. Home is on the corner on the Right.

The Property

Parcel Number:

005-085-057-000
Property Type:

Residential Income
Property Subtype:

Quadruplex
Property Condition:

Updated/Remodeled
Property Condition:

#Collection(String)
Lot Features:

Shape Irregular, Curbs/Gutters, Landscape Back, Landscape Front
Lot Features:

#Collection(String)
Lot Size Acres:

0.24
Lot Size Square Feet:

10454.0
Lot Size Units:

Acres
Lot Size Source:

Not Verified
Land Lease:

false
View:

#Collection(String)
Zoning:

Mod-p-d
View:

City
Topography:

Level,Level
Current Use:

#Collection(String)
Possible Use:

#Collection(String)
Vegetation:

#Collection(String)
Fencing:

#Collection(String)
Horse:

false
Horse Amenities:

#Collection(String)
Crops:

#Collection(String)
Soil:

#Collection(String)
Land Use:

#Collection(String)
Irrigation Source:

None
Frontage Type:

#Collection(String)
Road Surface Type:

#Collection(String)
Road Frontage Type:

#Collection(String)
Road Responsibility:

#Collection(String)
Driveway Sidewalks:

#Collection(String)

Listing Agent

Contact info:

The Listing

Home Warranty:

false

Heating & Cooling

Heating:

Central
Heating:

#Collection(String)
Cooling:

Central
Cooling:

#Collection(String)

Utilities

Utilities:

Natural Gas Connected, Electric
Utilities:

#Collection(String)
Electric:

220 Volts
Electric:

#Collection(String)
Sewer:

Sewer Connected
Sewer:

#Collection(String)
Water Source:

Public
Water Source:

#Collection(String)
Green Energy Efficient:

#Collection(String)

Appliances

Appliances:

Disposal, Free Standing Electric Range
Appliances:

#Collection(String)

Schools

Elementary School District:

Modesto City
Middle Or Junior School District:

Modesto City
High School District:

Modesto City

The Community

Subdivision Name:

Whispering Woods
Senior Community:

false
Community Features:

#Collection(String)
Spa:

false
Spa Features:

#Collection(String)
Pool Private:

false
Pool Features:

#Collection(String)
Association Amenities:

Pool
Association Amenities:

#Collection(String)
Association:

true
Association Mandatory:

Yes
Association Fee:

634
Association Fee Includes:

Common Areas, Maintenance Exterior, Maintenance Grounds
Association Fee Frequency:

Monthly
Association Fee Includes@odata.type

#Collection(String)

Parking

Garage Spaces:

4.0
Parking Total:

8.0
Parking Type:

#Collection(String)
Parking Access:

#Collection(String)
Parking Features:

Garage, See Remarks
Parking Features:

#Collection(String)
Open Parking Spaces:

4.0

Extra Units

Unit 1 Type:

#Collection(String)
Unit 1 Full Baths:

1
Unit 1 Bedrooms:

2
Unit 2 Bedrooms:

2
Unit 2 Full Baths:

1
Unit 1 Approx SqFt:

810
Unit 2 Type:

#Collection(String)
Unit 2 Approx SqFt:

840
Unit 3 Type:

#Collection(String)
Unit 3 Bedrooms:

2
Unit 3 Full Baths:

1
Unit 3 Approx SqFt:

840
Unit 4 Type:

#Collection(String)
Unit 4 Bedrooms:

2
Unit 4 Full Baths:

1
Unit 4 Approx SqFt:

924
Other Units:

#Collection(String)

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/2/25 Apr 2, 2025	Sold	METROLIST	$740,000	-1.2%
4/1/25 Apr 1, 2025	Delisted / Withdrawn	METROLIST	$749,000
1/23/25 Jan 23, 2025	Pending	METROLIST	$749,000

Multifamily Sold on 4/2/2025

$740,000

Listing provided by broker:

Ron Benning

DRE # 01058898

LPT Realty, Inc

Newest listings in Modesto, CA

Similar sold homes

Listing courtesy of LPT Realty, Inc

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2216 Palisade Avenue

Modesto, CA 95350