Modesto Downtown & South of Yosemite Blv Homes under $500,000

Welcome to Modesto Downtown & the South of Yosemite Boulevard, a vibrant region nestled in the heart of Stanislaus County, California. Known for its rich history, charming streets, and a strong sense of community, this area offers a unique blend of urban convenience and suburban comfort. With its picturesque parks, local boutiques, and a variety of dining options, Modesto Downtown is a delightful place to call home.

One of the most appealing aspects of this region is the accessibility to affordable housing. If you're searching for homes under $500,000, you’ll find a diverse selection of properties that cater to various lifestyles and needs. From cozy bungalows to modern townhouses, there’s something for everyone here. The real estate market in this area is thriving, with opportunities for first-time buyers, families, and investors alike.

Living in Modesto Downtown means you’re just a stone’s throw away from cultural attractions, including the historic State Theatre and the bustling Modesto Farmers Market. The South of Yosemite Boulevard area is particularly family-friendly, featuring well-maintained parks and excellent schools, making it an ideal spot for raising children.

Moreover, the community is known for its friendly atmosphere and active neighborhood associations, ensuring that residents feel connected and engaged. With easy access to major highways, commuting to nearby cities is a breeze, allowing you to enjoy the best of both worlds—small-town charm and urban convenience.

Explore the possibilities of making Modesto Downtown & South of Yosemite Boulevard your new home; the perfect blend of affordability and community awaits!

Newest Modesto Downtown & South of Yosemite Blv Homes under $500,000

$200,000

226119135 MLS

Fully functional and operating Cantina IN THE CITY OF MODESTO This establishment features an open floor plan with a stage for live music, pool table outside seating for large events and a full kitchen for those looking expand...call for full details David 209-658-9826

413 7th Avenue, Modesto

Listing courtesy of HomeSmart PV & Associates.

$419,900

3 Beds ⋅ 1 Baths ⋅ 1,118 SqFt. ⋅ 226118394 MLS

Fully Remodeled 3-Bedroom Home on a Large Lot! Welcome home to this beautifully remodeled 3-bedroom, 1-bath residence offering modern updates, comfortable living, and plenty of outdoor space. Featuring fresh, contemporary finishes and laminate flooring throughout, this home is move-in ready and perfect for first-time buyers looking for a great place to call home. The spacious lot provides plenty of room for entertaining, gardening, recreation, or future possibilities. A detached garage offers additional parking and storage. Conveniently located with easy freeway access, making commuting and getting around town a breeze. A fantastic opportunity for a first-time homebuyer or anyone looking for a move-in-ready home with a large lot and detached garage. Don't miss this one!

815 kerr, Modesto

Listing courtesy of HomeSmart PV & Associates.

$395,000

3 Beds ⋅ 3 Baths ⋅ 1,768 SqFt. ⋅ 226115548 MLS

Exceptional Multi-Unit Investment Opportunity, Discover the versatility of 719 Benson avenue, a unique property featuring three semi remodeled homes on a single lot,n light fixer. This rare find is perfect for an owner-occupant looking to live in one residence while generating steady rental income from the other two. The main use features a spacious, versatile second- story loft-ideal as a primary suite, home office, or recreational space. The two additional homes are each 1-bedroom, 1-bath units, approximately 800sqft each, offering comfortable, modern living. Ideally located near the river, shopping, public transportation and schools, this property is priced to sell and ready for its next owner.

719 Benson Avenue Unit #C, Modesto

Listing courtesy of RE/MAX Gold Natomas.

$350,000

2 Beds ⋅ 3 Baths ⋅ 836 SqFt. ⋅ 226098942 MLS

Discover a compelling investment opportunity at 407 Thrasher Ave, Modesto, CA. This residential property, offering 836 square feet of living space, presents a great option for investors and calls to handy homeowners ready to unlock its full potential. The bathroom provides a functional walk-in shower, offering a practical and accessible feature. The property's exterior, characterized by its charming bungalow architectural style, is complemented by a private yard. This outdoor space includes an inviting outdoor dining area, perfect for al fresco meals, and both a patio and a porch, providing versatile spaces for relaxation and entertainment. This property is a prime prospect for those seeking a rewarding project and a strategic addition to their portfolio.The unit in the back makes this property a great investment opportunity!

407 Thrasher Avenue, Modesto

Listing courtesy of Century 21 Select Real Estate.

$190,000

226094206 MLS

Turnkey Mexican restaurant and bar with patio and full liquor license in a high‑visibility Modesto location just off Highway 99. Long‑established Guayabitos Restaurant offers a spacious 3,864 sq ft interior plus covered outdoor dining, banquet/event room, and ample shared parking. Sale includes furniture, fixtures and equipment, existing signage, trade name, goodwill, inventory at close, leasehold improvements, Type 47 liquor license, and applicable food/entertainment permits. Asset sale only - real estate and corporate entity are excluded. Strong sales history; financials available to qualified buyers with NDA. Existing lease runs through 2030 with options to extend, subject to landlord approval of assignment. Please do not disturb employees or customers. All information deemed reliable but not guaranteed by broker or seller; buyer to independently verify all details to their satisfaction.

500 Kansas Avenue Unit #A, Modesto

Listing courtesy of J.Peter Realtors.

$375,000

226084498 MLS

Drive-Ins and Dives' in 2016, it specializes in scratch-made local sandwiches, burgers, and gastropub fare, featuring 20 taps of local craft beer from award-winning breweries. It has been a multiple award-winning restaurant in Best of 209 magazine every year it has been in business, earning titles like Best Farm-to-Fork, Best Caterer multiple times, and Best Burger in the 209. The 4,280-square-foot restaurant features a 160-capacity dining room, room for 30 extra guests on the patio, and three separate hoods of cooking space. This offers plenty of room to run the restaurant at full capacity while simultaneously handling a catering event out the back door! It is located in the heart of downtown Modesto at 936 11th Street, right next to the Modesto Children's Museum. Food Fix is a fun downtown concept, great for family dining with our scratch-made kids' meals, or for drinking beer with your buddies.

936 11th Street, Modesto

Listing courtesy of HomeSmart PV & Associates.

$399,900

1,830 SqFt. ⋅ 225152561 MLS

Looking for a home with space for your business or instant income? $69,480 in gross annual rents with roughly $7,400 of operating expenses! This unique property is located in a mixed use industrial area and can be used for a variety of ways. Wrecking yard? Repair business? Storage? Manufacturing? Live and work at the same place! Property is situated on a .29 acre lot and consists of 3 units, 2 warehouse/storage units, and an office. Unit 1: 3 bedroom, 1 bathroom with 1080 sqft of living space. Unit 2: 1 bedroom, 1 bathroom with roughly 400 sqft. Unit 3: 1 bedroom, 1 bathroom with roughly 350 sqft. The warehouse is 720 sqft and has an attached office in the rear which can also be turned into an additional studio for extra income. The smaller storage unit is 312 sqft and is used to rent out for storage. Also included is a detached 3 car garage. Currently has 5 paying tenants with 4 on month to month leases. Plenty of space to add additional storage units to increase revenue even more. Septic tank pumped 12/21/25. Great for investors that want instant cash flow or have future business plans in the commercial/industrial area as this property can be used in many different ways. Buyers to confirm use. Call today for details!

545 El Roya Avenue, Modesto

Listing courtesy of Hype Real Estate.

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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 .