The Commercial Connection
Multi-family Residential Income Sales and Prices in Area

Commercial property listings for sale or lease in the Modesto
Area, Stanislaus County and the Central Valley of California

 

Tony Suleiman
209-758-3467
 tsuleiman@prucommercialre.com
 

Dave Tanner
209-758-3108
 dtanner@prucommercialre.com
 

Ron Roaks
209-758-3147
 rlroaks@prucommercialre.com
 

                           Multi-family Residential Sales in the Modesto/Stanislaus County Area**

                                                (scroll down for triplex, fourplex and 5 plus)
 


                                              Duplex Sales by Quarter
 

 
 

Time Period

Number Sold

Average Sale Price

Average Price Per Door

Average Days on Market

  
  4th qtr. 2009 32 $96,257 $48,128 34  
  3rd qtr. 2009 41 $120,732 $60,366 81  
  2nd qtr. 2009 40 $110,398 $55,199 55  
  1st qtr. 2009 26 $116,411 $58,205 67  
             
  4th qtr. 2008 24 $125,538 $62,769 60  
  3rd qtr. 2008 21 $173,803 $86,901 52  
  2nd qtr. 2008 14 $225,029 $112,514 59  
  1st qtr. 2008 7 $237,143 $118,571 82  
     
  4th qtr. 2007 6 $262,000 $131,000 91  
  3rd qtr. 2007 8 $229,148 $149,148 74  
  2nd qtr. 2007 19 $323,079 $161,539 97  
  1st qtr. 2007 19 $369,892 $184,946 64  
             
  4th qtr. 2006 25 $386,000 $193,000 108  
  3rd qtr. 2006 37 $368,495 $184,247 98  
  2nd qtr. 2006 29 $397,291 $198,645 40  
  1st qtr. 2006 39 $395,088 $197,544 59  
             
  4th qtr. 2005 47 $388,991 $194,495 40  
  3rd qtr. 2005 36 $390,675 $195,337 37  
  2nd qtr. 2005 40 $362,573 $181,286 21  
  1st qtr. 2005 42 $357,844 $178,922 3  
 


Triplex Sales by Quarter               



 
 

Time Period

Number Sold

Average Sale Price

Average Price Per Door

Average Days on Market

  
  4th qtr. 2009 7 $142,486 $47,495 40  
  3rd qtr. 2009 6 $111,975 $37,325 54  
  2nd qtr. 2009 8 $117,500 $39,167 68  
  1st qtr. 2009 6 $137,646 $45,882 65  
             
  4th qtr. 2008 16 $146,734 $48,911 56  
  3rd qtr. 2008 4 $94,725 $31,575 30  
  2nd qtr. 2008 5 $176,800 $58,933 48  
  1st qtr. 2008 2 $170,000 $56,667 103  
     
  4th qtr. 2007 1 $240,000 $80,000 12  
  3rd qtr. 2007 0 0 0 0  
  2nd qtr. 2007 2 $535,000 $178,333 2  
  1st qtr. 2007 5 $441,400 $147,133 83  
             
  4th qtr. 2006 5 $419,180 $139,727 56  
  3rd qtr. 2006 9 $477,389 $159,130 50  
  2nd qtr. 2006 9 $449,889 $149,963 81  
  1st qtr. 2006 12 $494,417 $164,806 79  
             
  4th qtr. 2005 15 $489,167 $163,056 39  
  3rd qtr. 2005 20 $452,950 $150,983 28  
  2nd qtr. 2005 12 $391,704 $130,568 24  
  1st qtr. 2005 15 $384,753 $128,251 1  
 


Fourplex Sales by Quarter                  



 
 

Time Period

Number Sold

Average Sale Price

Average Price Per Door

Average Days on Market

  
  4th qtr. 2009 6 $232,376 $58,094 66  
  3rd qtr. 2009 15 $160,530 $40,132 33  
  2nd qtr. 2009 13 $204,138 $51,034 57  
  1st qtr. 2009 6 $174,833 $43,708 92  
             
  4th qtr. 2008 4 $203,725 $50,931 35  
  3rd qtr. 2008 9 $305,633 $76,408 64  
  2nd qtr. 2008 4 $386,750 $96,687 64  
  1st qtr. 2008 1 $650,000 $162,500 1  
     
  4th qtr. 2007 3 $516,667 $129,167 202  
  3rd qtr. 2007 7 $438,550 $109,637 73  
  2nd qtr. 2007 3 $485,000 $121,250 72  
  1st qtr. 2007 7 $432,429 $108,107 115  
             
  4th qtr. 2006 7 $558,429 $139,607 117  
  3rd qtr. 2006 7 $501,000 $125,250 28  
  2nd qtr. 2006 14 $567,032 $141,758 14  
  1st qtr. 2006 22 $592,542 $148,136 24  
             
  4th qtr. 2005 17 $625,000 $156,250 26  
  3rd qtr. 2005 11 $527,536 $131,884 53  
  2nd qtr. 2005 32 $521,530 $130,382 17  
  1st qtr. 2005 16 $533,256 $133,314 17  
 


5 Plus Units Sales by Quarter                    



 
 

Time Period

Number Sold

Average Sale Price

Average Price Per Door

Average Days on Market

  
  4th qtr. 2009 1 $315,000 $28,636 167  
  3rd qtr. 2009 1 $915,000 $130,714 306  
  2nd qtr. 2009 2 $1,005,000 $33,500 422  
  1st qtr. 2009 0 0 0 0  
             
  4th qtr. 2008 1 $245,000 $49,000 21  
  3rd qtr. 2008 1 $3,900,000 $97,500 178  
  2nd qtr. 2008 0 0 0 0  
  1st qtr. 2008 1 $1,075,000 $82,692 0  
     
  4th qtr. 2007 1 $900,000 $100,000 30  
  3rd qtr. 2007 1 $870,000 $87,000 81  
  2nd qtr. 2007 4 $1,456,250 $12,035 82  
  1st qtr. 2007 3 $1,086,167 $29,356 75  
             
  4th qtr. 2006 4 $893,000 $24,135 57  
  3rd qtr. 2006 2 $625,000 $48,077 68  
  2nd qtr. 2006 2 $1,287,500 $58,523 124  
  1st qtr. 2006 3 $1,043,333 $27,456 53  
             
  4th qtr. 2005 8 $733,375 $12,866 75  
  3rd qtr. 2005 5 $1,884,000 $22,429 84  
  2nd qtr. 2005 5 $720,800 $17,580 10  
  1st qtr. 2005 5 $929,000 $15,230 unk  
             
 

**This information is from MetroList Multiple Listing Service. As such, it does not include all sales in the area. However, it is a reasonable representation of market conditions.


Tony Suleiman
 209-758-3467
 tsuleiman@prucommercialre.com
 


Dave Tanner
 209-758-3108
 dtanner@prucommercialre.com


Ron Roaks
 209-758-3147
 rlroaks@prucommercialre.com
Thank you for visiting our web site. Even if we do not have the property you are looking for
listed on our site, we can access information throughout the Central California area and,
in fact, throughout the country. We would be pleased to help you find the right property.

If you are looking to sell or lease property, we would appreciate the opportunity to make a listing proposal.
 
Prudential Commercial Real Estate
1101 Sylvan Ave., Suite A25
Modesto, CA 95350
Phone 209-529-9610      Fax 209-521-4289

An Independently Owned and Operated Member of The Prudential Real Estate Affiliates, Inc.

The sources of information about properties listed on this web site are deemed reliable but are not verified or guaranteed.
 All measurements, figures and information are approximate. All the property listings are subject to sale, price change or withdrawal at any time.



Serving Modesto, Riverbank, Oakdale, Manteca, Tracy, Stockton, Turlock, Patterson, Ceres,
 Stanislaus County, Central Valley, Central California