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  • $519,999

    1335 Tully Rd, Modesto, CA 95350

    4beds
    1,717sqft
    : 
    $3,622/mo
    Get pre-qualified
    Duplex
    Built in 1953
    -- sqft lot
    $513,100 Zestimate®
    $303/sqft
    $-- HOA

    What's special

    A rare opportunity to acquire proven, cash flowing rental properties in the heart of Modesto, California. The Bates Initiative represents a curated collection of duplexes and triplexes positioned in strong, established neighborhoods throughout the city, each delivering consistent rental income with tenants already in place. These are not fixer-upper speculations or value-add gambles. These are performing assets in desirable Modesto locations, benefiting from the Central Valley's sustained rental demand and a tenant base that keeps them occupied and producing. With occupancy rates running near capacity across the portfolio, the income is real and the runway is long. Whether you are an investor looking to plant your first flag in the Central Valley or a seasoned operator ready to scale, the Bates Initiative offers flexibility. Individual properties are available for those looking to start or add strategically, and the full portfolio is available for acquisition by a single buyer looking to move meaningfully into one of California's most resilient rental markets. Modesto's fundamentals continue to support strong rental performance. Growing population, limited housing inventory, and consistent demand from working families make this market a dependable income engine for landlords who know what they are looking at. Opportunities like this, performing, nearly fully occupied, and available individually or as a whole, do not surface often. Inquire for property addresses, rent rolls, and financials.
    26 days
    304
    15

    Zillow last checked:

    Listing updated:

    Listed by:

    Randy Thomas DRE #02114775 209-481-7096,

    PMZ Real Estate,

    Daniel Del Real DRE #01423976 209-204-0610,

    PMZ Real Estate

    Source: MetroList Services of CA,MLS#: 226117646Originating MLS: MetroList Services, Inc.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Floor Furnace
      Cooling
      • Varies by Unit
      Appliances
      • Included: Varies By Unit
      • Laundry: Other
      Features
      • Flooring: Carpet, Vinyl, Linoleum
      • Has fireplace: No
      Interior area
      • Total interior livable area: 1,717 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage
      • Garage spaces: 2
      Lot
      • Size: 6,899 Square Feet
      • Features: Corner Lot
      Details
      • Parcel number: 117020019000
      • Zoning: MLT FAM
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Bungalow,Cottage
      • Property subtype: Duplex
      Materials
      • Frame, See Remarks
      • Foundation: Raised
      • Roof: Composition
      Condition
      • Year built: 1953

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Sewer In & Connected, Natural Gas Connected

      Community & HOA

      Location
      • Region: Modesto

      Financial & listing details

      • Price per square foot: $303/sqft
      • Tax assessed value: $144,119
      • Price range: $520K - $520K
      • Date on market: 9/18/2026
      • Tenant pays: Cable TV, Electricity, Sewer, Gas, Grounds Care, Trash Collection, Water, Maintenance
      • Income includes: Rent Only

        Estimated market value

        $513,100

        $487,000 - $539,000

        $2,233/mo

        Price history

        DateEventPrice
        9/18/2026Listed for sale$519,999+362.2%$303/sqft
        Source: MetroList Services of CA #226117646 Report a problem
        1/12/2021Listing removed--
        Source: Zillow Rental Network Premium Report a problem
        1/6/2021Listed for rent$1,295$1/sqft
        Source: Zillow Rental Network Premium Report a problem
        6/8/2012Sold$112,500-59.8%$66/sqft
        Source: MetroList Services of CA #12002617 Report a problem
        4/21/2004Sold$280,000+245.7%$163/sqft
        Source: MetroList Services of CA #40014679 Report a problem
        10/8/1998Sold$81,000$47/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $144,119 +2%
        2025$1,652 +4.7%$141,294 +2%
        2024$1,578 +1.5%$138,524 +2%
        2023$1,555 +2.5%$135,809 +2%
        2022$1,517 +6.3%$133,147 +2%
        2021$1,427 -1.9%$130,537 +1%
        2020$1,455 +2.4%$129,200 +2%
        2019$1,422 +5%$126,667 +2%
        2018$1,353 +2.4%$124,184 +2%
        2017$1,321 +2%$121,750 +2%
        2016$1,296 +3%$119,364 +1.5%
        2015$1,259 $117,572 +2%
        2014$1,259 $115,270 -6.7%
        2012-- $123,500
        2011-- $123,500
        2010-- $123,500
        2009-- $123,500 -54.1%
        2008-- $269,000 -9.5%
        2007-- $297,137 +2%
        2006-- $291,312 +2%
        2005-- $285,600 +201.2%
        2004$1,013 +0.9%$94,826 +1.9%
        2003$1,004 $93,089 +2%
        2002-- $91,263 +2%
        2001$967 -0.6%$89,474 +2%
        2000$973 $87,720
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 95350

        Getting around

        71 / 100
        Very Walkable
        38 / 100
        Some Transit
        63 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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