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833 Spencer AVE

Modesto, CA 95351

9 beds
– baths
3,574 sqft
~1/2 acre lot
$265 per sqft
1992 build
– on site

cash cow, best cash flow in this price range. The biggest reason you invest in central valley is cash flow. 9% proforma cap rate. awesome opportunity to own larger size units, no owner paid utilities, and lots of added income potential. a bonus unit takes the cash flow over anything comparable. Proforma income of $100K annually calculated conservatively with minimal to no owner expense except tax/insurance. Lots of new items like AC's, water heaters, all tile flooring, all dual pane windows, newer roof. Low maintenance for years to come. Extra vacant lot for other possibilities,( storage units, mobile or other structures). a 3/1, a 2/1 with bonus room, a 2/1 with bonus finished attic room, a 2/1.5, and a separate converted studio, 5 rents plus more income potential. ask about lower rate financing seller is willing to facilitate to add another $300 a month or 0.4% to cashflow/cap rate.

Listing courtesy of MLSLISTINGS / Sam Roham / Alliant Real Estate And Financial Services Inc.

Last checked: Checking… • Last updated May 6, 2025 •

MLS# 82005654 —

This property is listed in more than one place. See it here, and here.

The Building

Year Built:

1992
Age:

33
Subclass:

Fourplex
Roofing:

Composition
Foundation:

Concrete Perimeter
# of Stories:

1
# of Units:

4
Special Features:

Grab Bars
Structure SqFt:

3574
Structure SqFt Source:

Assessor

Room Dimensions

Living SqFt:

3574

The Property

Lot Acres:

0.4336
Lot Size Area Min:

18886.00
Zoning:

residential
Parcel Number:

030-013-086-000
Horse Property:

No

Listing Agent

Contact info:

Taxes

Property ID:

82005654

The Listing

Additional Listing Info:

Not Applicable
Automated Valuations Allowed:

1

Heating & Cooling

Cooling Methods:

Central AC, Other
Heating Methods:

Central Forced Air, Wall Furnace

Utilities

Utilities:

Individual Electric Meters, Individual Gas Meters
Sewer/Septic System:

Septic Connected
Water Source:

Individual Water Meter
Meters:

Separate Electric, Separate Gas, Separate Other, Separate Water

The Community

Security Features:

Other
HOA:

No
Pool:

No

Parking

Description and Access:

Common Parking Area
Carport:

8

Extra Units

# of Buildings:

5
Unit 1 Full Bathrooms:

1
Unit 2 Full Bathrooms:

1
Unit 3 Full Bathrooms:

1
Unit 4 Half Bathrooms:

1
Unit 1 SqFt:

823 Sqft
Unit 2 SqFt:

830 Sqft
Unit 1 Bed:

2
Unit 3 SqFt:

900 Sqft
Unit 2 Beds:

3
Unit 3 Beds:

2
Unit 4 Beds:

2
Unit 4 Full Bathrooms:

1
Unit 4 SqFt:

1,050 Sqft

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/6/25 May 6, 2025	Listed / Active	MLSLISTINGS	$949,000

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This multifamily located in South Modesto, Modesto, CA 95351 is currently for sale for $949,000. 833 Spencer AVE is a 3,574 square foot multifamily with 9 beds and – baths that has been on Estately for 0 days. 833 Spencer AVE is in the South Modesto neighborhood of Modesto and has a WalkScore® of 47, making it car-dependent. This multifamily is in the attendance area of Burbank Elementary School, Modesto High School, and Mark Twain Junior High School.

Listing courtesy of Sam Roham and Alliant Real Estate And Financial Services Inc.

Listing Courtesy of: MLSLISTINGS, data current as of 13:48 on May 06.

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