220 E Elm Street, Lodi, CA 95240
- $875,000
- 4,982
- SqFt
- List Price
- $875,000
- MLS#
- 226031072
- Status
- PENDING
- Living Sq. Ft
- 4,982
- Square Footage
- 4982
- Type
- Single Family Residential
- Zip
- 95240
- City
- Lodi
Property Description
5 Units. x4 2BD/1BA. x1 1BD/1BA. Current Cap Rate ~7.6%. Pro Forma Cap Rate ~9.2%. 100% Occupancy. This investment property is just one block from Main Street in the heart of Downtown Lodi. The property consists of four spacious two-bedroom, one-bath units of approximately 1,100 square feet each with large, condo-style layouts, plus one one-bedroom, one-bath unit w/ coin operated laundry facilities on-site. Clean, well-maintained building with long-term tenants providing stable occupancy. Rents are currently below market, creating clear upside potential through future rent adjustments. Prime walkable location near Downtown Lodi's shops, restaurants, wine bars, nightlife, and entertainment. Rent roll and expense sheets available upon request or attached to MLS listing. Income and expense figures reflect the current owner's operation of the property.
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Additional Information
- Land Area (Acres)
- 0.13770000000000002
- Year Built
- 1969
- Subtype
- 5 or More Units
- Subtype Description
- Apartments
- Style
- Contemporary
- Construction
- Brick, Stucco, Wood
- Foundation
- Concrete
- Stories
- 2
- Garage
- Covered
- Floor Coverings
- Carpet, Vinyl
- Laundry Description
- Coin Operated
- Cooling
- Ceiling Fan(s), Wall Unit(s), Window Unit(s)
- Heat
- Wall Furnace
- Water
- Meter on Site
- Utilities
- Cable Available, Sewer Connected, Natural Gas Connected
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Michael A. De Ruosi III.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .