
Vallejo, CA 94590
Analysis of 1044 Tuolumne Street, Vallejo, CA 94590 is currently available with a list price of $650,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Vallejo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is a dated triplex with interiors showing renovations likely performed over 20 years ago, featuring oak cabinetry, laminate countertops, and older vinyl flooring. While functional and move-in ready for tenants, the exterior stucco, weathered garage doors, and unmaintained landscaping require cosmetic repairs and modernization to meet current market standards.
With estimated market rents of approximately $6,600 per month, this triplex offers a strong projected cap rate and significant cash flow potential for savvy investors.
The oversized 0.30-acre lot provides rare expansive space in an established neighborhood, offering significant potential for expansion, ADU additions, or further unit conversion.
Situated just five minutes from the Vallejo Ferry Terminal and within walking distance to local amenities, the property is ideally positioned to attract high tenant demand.
The property requires strategic cosmetic upgrades to achieve its full market rent potential, necessitating an immediate capital investment for modernization.
The current configuration of three one-bedroom units may restrict the tenant pool and lead to higher turnover compared to properties with multi-bedroom family units.
Great location with a rare investment opportunity situated on a whopping 0.30-acre lot in the highly established Vista de Vallejo neighborhood. This charming single-story triplex offers three separate units, individual washer/dryer hookups, a 3-car garage, expansive front and rear yards, and exciting room to grow. Ideally located within walking distance of restaurants and shopping and just a 5-minute drive to the Vallejo Ferry Terminal, the property combines convenience with incredible income potential. With some strategic cosmetic upgrades, this adorable triplex could become a serious money-making investment, with estimated market rents of approximately $6,600 per month. Whether you're looking to expand your portfolio, create a multi-generational property, or explore the possibilities of the oversized lot, this is an opportunity you'll want to see in person. Three one bedroom units with room to build and/or convert.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 6.0 |
| Baths | 0.0 | 7.0 |
| Square foot | - | 2,224.5 |
| Lot Size | 13,800 | 7,187 |
| Price | $650.0K | $602.5K |
| Price per sq ft | $0 | $334 |
| Built year | 0 | 1924 |
| HOA | $0 | $0 |
| Days on market | 4 | 100 |
Sep 5, 2026
$650,000
Initial Listing