| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Good |
| Demographics | 42nd | Good |
| Amenities | 28th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 140 Mark Randy Pl, Modesto, CA, 95350, US |
| Region / Metro | Modesto |
| Year of Construction | 1972 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
140 Mark Randy Pl, Modesto CA Multifamily Investment
Neighborhood metrics point to steady renter demand and high occupancy in the surrounding area, according to WDSuite’s CRE market data, supporting a defensive hold with value-add upside from a 1972 vintage asset.
Located in an Inner Suburb of Modesto, the neighborhood rates B and sits above the metro median (rank 62 of 130), signaling competitive fundamentals without premium pricing pressures. Occupancy for the neighborhood is strong by national standards, and the renter-occupied share is elevated versus U.S. norms — factors that generally support a deeper tenant base and steadier leasing.
Daily needs are well-served by groceries (high relative density locally), and dining options are comparatively plentiful. Park, café, childcare, and pharmacy density is limited, which may modestly affect lifestyle appeal but typically has a smaller impact on workforce housing performance than access to essentials. The average school rating trends around mid-scale for the metro, offering balanced appeal to family renters.
Demographic statistics aggregated within a 3-mile radius show recent population growth with rising household incomes, and forecasts indicate further increases in both households and population over the next five years — pointing to a larger tenant base and support for occupancy stability. Elevated ownership costs in the area relative to incomes (a high-cost ownership market locally) reinforce reliance on multifamily rentals, while a moderate rent-to-income profile suggests manageable affordability pressure and supports lease retention with prudent revenue management.
The property’s 1972 construction is older than the neighborhood’s average 1978 vintage, creating a clear value-add pathway. Targeted renovations and system upgrades can improve competitive positioning against newer stock while requiring thoughtful capital planning to address aging components. For investors conducting multifamily property research, these factors frame a practical, asset-level plan tied to neighborhood demand drivers.
Safety trends are mixed. Relative to Modesto neighborhoods, a lower crime rank indicates the area experiences more reported crime than many peers, and national percentiles sit below the U.S. midpoint for overall and violent incidents. However, recent data shows a notable year-over-year decline in violent offenses, suggesting improving conditions. Property-related incidents remain comparatively elevated, so operators should plan for standard security measures and resident engagement to support retention and asset protection.
Employment access is anchored by commutable corporate nodes in the broader Modesto–Central Valley corridor, which can support workforce renter demand and retention. Nearby employers include:
- Clorox — corporate offices (19.7 miles)
This 32-unit asset offers a straightforward value-add story in a neighborhood that is competitive within the Modesto metro. Strong neighborhood occupancy and an above-median renter-occupied share indicate durable leasing fundamentals, while elevated ownership costs locally help sustain multifamily demand and support pricing power. Based on commercial real estate analysis from WDSuite, the surrounding area’s dining and grocery access complements workforce housing needs even as certain lifestyle amenities are thinner.
The 1972 vintage points to actionable renovation and capital planning opportunities to enhance rentability versus newer stock. Demographic statistics aggregated within a 3-mile radius show recent population growth and forecast increases in households, implying a larger renter pool that can underpin occupancy stability. Risk management should account for comparatively higher property-crime exposure and the need for ongoing security and operations discipline.
- Neighborhood occupancy strong by national standards, supporting lease stability
- Elevated renter-occupied share indicates deeper tenant base for a 32-unit asset
- 1972 vintage enables value-add renovations to improve competitive positioning
- High-cost ownership market sustains rental demand and can support pricing
- Risk: comparatively higher property-crime exposure requires proactive security and resident engagement