$450,000

137 Downey Ave, Modesto, CA 95354

3 beds |
2 baths |
2,035 sqft

Single-Family Home
Built in 1910
6,800sqft lot
2 car garage
$221/sqft
Listed 5 months ago

Property Description

Welcome to 137 Downey Avenue in the heart of downtown Modesto, California - an exceptional property brimming with investment potential and versatile living options. This spacious home features three bedrooms, two bathrooms, and 2,035 square feet of living space. What truly sets this property apart is its remarkable opportunity for expansion and income generation. According to City of Modesto regulations, this property can accommodate up to four units, making it ideal for creative conversion. Imagine transforming one portion into your primary residence while renting out additional units to generate consistent rental income. The possibilities extend further with the potential to build an Accessory Dwelling Unit (ADU) on top of the existing garage, maximizing earning potential. The location couldn't be more convenient - situated in downtown Modesto, you'll enjoy easy access to top-rated schools, shopping centers, restaurants, and all urban amenities. Whether you're an investor seeking a lucrative opportunity, a homeowner looking for flexibility, or someone who wants to live in one unit while building equity through rentals, this property offers endless possibilities. Don't miss this chance to own a versatile property in a prime location. Call today and be home tomorrow!

Listing Status:: Pending
Data Last Updated:: April 16, 2026 at 6:33PM
Listing Office:: Grand Properties : 8400025
Listing Agent:: Jessie E Wiggins : 209 5521870
MLS ID:: 225135718

Rooms: Kitchen
Kitchen: Stone Counter
Appliances: Gas Water HeaterMicrowave
Dining: Dining/Family Combo
Living Room: Other
Laundry: In Kitchen
Flooring: TileWood
A/C: Ceiling Fan(s)Central
Heating: Fireplace(s)
Fireplace: Living RoomRaised HearthFireplaces: 1

Parking: DetachedParking spaces: 0

Roofing: Composition
General: StuccoRaised

HOA Amenities: 0.0
Originating MLS: MLS Metrolist
School District: Stanislaus
County: Stanislaus

Zoning: 111-006-056-000
Fencing: Back Yard

Utilities: Public220 Volts in Kitchen
Water: Public
Sewer: Public Sewer

Source: MLS Metrolist

This listing courtesy of Jessie E Wiggins , Grand Properties

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Enslen Elementary

515 Coldwell Ave, Modesto, CA, 95354

Grades KG-6

0.72 miles away

La Loma Junior High

1800 Encina Ave, Modesto, CA, 95354

Grades 7-8

1.31 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.