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Sold on 06/12/2025
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1525 Morgan Rd, Modesto, CA 95358

$626,000

Last sold 06/12/2025 for $1.04M

  • —

    bed

  • —

    bath

  • 612

    Sqft ($1,699/Sqft)

Multi-family not for sale
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About 1525 Morgan Rd

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Lot size 6,251 Sqft
Movoto estimate
Property description
What a great opportunity to invest in a property that has 5 studios, 2 apartment units, and a tire shop! One unit is a two bedroom one bathroom and the second unit is a one-bed one-bathroom. The adjacent parcel has a tire shop and is included in the sale, currently leased for $2500 a month (APN 086-001-033-000). The studios are each rented for $800/month. The one-bedroom, one-bath is rented for $1,050/month, and the two-bedroom, one-bathroom unit has a monthly rent of $950. Current Gross Annual Income is $102,000. All Units have a separate electricity meter. Tenants pay for electricity, and the landlord pays for water, gas, and trash. Don't miss out!
Listed by
Listing Agent - Alberto Mejia
Listing Office - EXIT Realty Consultants
Source: Metrolist Services,Inc. mls logo
MLS#224133361 • last updated 1 year ago
Movoto checked Metrolist Services,Inc. for data 30 minutes ago
Overview
Cooling/AC Wall Unit(s)
Heating Wall Furnace
Levels/Style 2
Type Residential Income
MLS # 224133361
Status Closed
SubType 5 Or More Units
SqFt 612
Lot Size (Sqft) 6251
Lot Size (Acres) 0.1435
Year Built 1960
Interior
Laundry Other
Flooring Tile
Exterior
Foundation Slab
Construction Stucco, Frame
Parking Uncovered, Guest Parking Available
Lot Features None
Irrigation Source None
Amenities / Utilities
Sewer/Septic Public Sewer
Water Source Public
Location
Elementary School District Ceres Unified
Middle School District Ceres Unified
High School District Ceres Unified
Directions From Freeway 99, Head West On Hatch Rd. Turn Left On Morgan Rd. At The Stop, Turn Right On Morgan Rd. Units Are On Your Right Side.
APN 086-001-033-000
Multifamily Details
Total # of Units 7
Income Includes Rent Only, See Remarks
$626K
Range: $413K-$838K
Last 30 days 
  • May 2025
    mls logo MLS # 224133361
  • May 16, 2025 Expired
    —
  • Mar 31, 2025 Pending
    —
  • Mar 28, 2025 Price Change
    $1,075,000 (+7.6%)
  • Mar 25, 2025 Price Change
    $999,000 (-7.1%)
  • Jan 31, 2025 Price Change
    $1,075,000 (-6.5%)
  • Dec 16, 2024 Listed
    $1,150,000 (+9.5%)
  • Oct 2022
    mls logo MLS # 222089119
  • Oct 18, 2022 Sold
    $1,050,000 (-4.5%)
  • Sep 27, 2022 Pending
    —
  • Jul 5, 2022 Listed
    $1,100,000
  • Year Property taxes Tax assessment
  • 2024
    $10,729 +2.7%
    $966,011 +4.04%
  • 2023
    $10,442 +108.9%
    $928,500 +111.2%
  • 2022
    $4,997 +0.9%
    $439,632 +2.0%
  • 2021
    $4,951 +3.1%
    $431,013 +1.04%
  • 2020
    $4,802 +0.7%
    $426,595
  • 2019
    $4,770 +2.1%
    $426,595 +2.0%
  • 2018
    $4,674
    $418,231
  • 1525 Morgan Rd
    $1.04M
  • Shackelford
    $389K +8% y/y
  • 95358
    $480K +6% y/y
  • Modesto
    $479K +6% y/y
No chart available
Statistics calculated by Movoto

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3/10
Westport Elementary School
public Grades K-6
Ceres Unified School District
6/10
Blaker-Kinser Junior High School
public Grades 7-8
Ceres Unified School District
7/10
Central Valley High School
public Grades 9-12
Ceres Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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