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$475,000
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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!
Full Property Details
Full Property Details for 137 Downey Ave
General
- Price: $475,000
- Status: Active
- Type: Single Family
- Source: METROLIST_Cali
- MLS ID: 225135718
- Updated: 11/19/2025
- Added to Site: 86 day(s) ago
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room, Raised Hearth
- Appliances: Gas Water Heater, Microwave
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Kitchen: Stone Counter
- Dining Room: Dining/Family Combo
- Laundry: In Kitchen
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking: Detached
Location
- County: Stanislaus
- Cross Streets: Johnson
- Driving Directions: Downey On the right
School Information
- School District: Stanislaus
- Elem School District: Modesto City
- Midd School District: Modesto City
- High School District: Modesto City
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Central
- Heating Type: Fireplace(s)
- Heating Fuel: Fireplace(s)
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public
Structural Information
- Construction: Stucco
- Basement: Yes
- Foundation: Raised
- Roof: Composition
- Stories/Levels: 2
- Square Feet: 2,035
- Sq. Ft. Source: Assessor Auto-Fill
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.1561
- Lot Size (Sq. Ft.): 6,800
- Irrigation System: None
- Zoning: R3
- Lot Description: Other
- Fencing (Description): Back Yard
Disclosures and Reports
- Special Conditions: None
- APN: 111-006-056-000
Listed by Grand Properties
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Schools
Schools serving 137 Downey Ave
School Districts:Modesto City Elementary School District, Modesto City High School District
| Name | Grades | Distance |
|---|---|---|
John Muir Elementary School, Modesto, CA 1215 Lucerne Ave., Modesto, CA 95350 | K-6 | 1 mi |
La Loma Junior High School 1800 Encina Avenue, Modesto, CA 95354 | 7-8 | 1.4 mi |
Thomas Downey High School 1000 Coffee Road, Modesto, CA 95355 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 137 Downey Ave
Date
Details
Price
Change
Source
11/19/2025
Price Reduced
$475,000
-4.81%
MLS
10/21/2025
Listed
$499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 137 Downey Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,965
5%
$339,025
2%
2024
$3,787
2%
$332,379
2%
2023
$3,731
2%
$325,862
2%
2022
$3,641
6%
$319,473
2%
2021
$3,424
5%
$313,210
8%
2020
$3,266
4%
$290,000
3%
2019
$3,153
5%
$280,908
2%
2018
$3,001
2%
$275,400
2%
2017
$2,930
72%
$270,000
72%
2016
$1,708
56%
$157,363
56%
2015
$1,093
1%
$100,568
2%
2014
$1,077
—
$98,599
—
2013
$1,072
—
$98,155
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 137 Downey Ave
137 Downey Avenue, Modesto, CA 95354 (MLS# 225135718) is a Single Family property with 3 bedrooms and 2 full bathrooms. 137 Downey Avenue is currently listed for $475,000 and was received on October 21, 2025. Want to learn more about 137 Downey Avenue? Do you have questions about finding other Single Family real estate for sale in Modesto? You can browse all Modesto real estate or contact a Coldwell Banker agent to request more information.

