1139 Ohio Street, Vallejo, CA 94590, Vallejo, 94590 - 0 bed, 0 bath
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1139 Ohio Street
Vallejo, CA 94590
ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,658Sq Ft
2,479Lot Size
Property Price
LIST PRICE$575,000
EST. MARKET VALUE
$508,984
12% AboveMARKET VALUE
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $580,000—positioned above the $516,386 Fair Market Value by 12%. While priced above the current estimate, the asset delivers a robust 6.60% CAP rate and functional amenities, including tandem parking and individual storage. With a Condition Rating of 4, the property requires modernization to maximize rental yields. Its proximity to the SF Ferry and major freeways ensures strong tenant demand. This is a stable, income-generating asset ideal for Buy-and-Hold Investors or Value-Add Investors.
Estimated Market Value
$508,984
Based on Realkey algorithm analyzing recent comparable sales in Vallejo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1139 Ohio Street Subject 0 bd · 0 ba · 1,658 sqft · $307 | $575,000* List Price | 0 | 0 | 1,658 | $307 | - |
A 1513 Santa Clara Street Sold 2 bd · 0 ba · 1,542 sqft · $282 · 0.8 mi | $435,000 | 2 | 0 | 1,542 | $282 | 0.8 mi |
B 817 Alameda St Active 0 bd · 0 ba · 1,632 sqft · $352 · 0.2 mi | $575,000 List Price | 0 | 0 | 1,632 | $352 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1960, this triplex shows signs of partial updates including laminate flooring and newer bathroom tiling (likely 5-15 years old). However, the presence of dated wall heaters, basic kitchen cabinetry, and visible wear on the exterior concrete and roof suggest the property is dated and requires minor repairs or modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Investment Yield
The property features a robust 6.60% CAP rate, offering an attractive and immediate return on investment for residential income buyers.
- Commuter-Centric Location
Conveniently located near the downtown San Francisco Ferry and major freeways, the property is highly desirable for tenants commuting across the Bay Area.
- Functional Tenant Amenities
Each unit includes dedicated tandem parking and access to individual storage closets, providing practical value that helps maintain high occupancy rates.
CONSRISKS & DEFICIENCIES
- Aging Construction
Built in 1960, the building may require more frequent maintenance or capital expenditures for system upgrades compared to newer multi-family assets.
- Low School Ratings
The surrounding public schools have low ratings (ranging from 2 to 4), which may limit the property's appeal to families with school-aged children.
About 1139 Ohio Street
Upbeat Santa Cruz vibe about this well-designed 1960 triplex set among single family homes with tandem parking for each of the three units. Each unit has its own comfortable, efficient floor plan. There are two one bedrooms and one two bedroom unit. From the carport, there's a storage closet for spares & maintenance, and easily accessible water heater closet and low-maintenance yard make for an easy to operate building, convenient to both downtown SF Ferry and freeway. This will be a happy situation, especially with a 6.60 CAP rate.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1960
- Lot Size
- 2,479 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Vallejo Unified Schools
Lincoln Elementary School
Grades K-5 • 0.4 mi
2/10
Highland Elementary School
Grades K-5 • 0.9 mi
4/10
Grace Patterson Elementary School
Grades K-5 • 1.9 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.3 |
| Baths | 0.0 | 7.0 |
| Square foot | 1,658 | 2,231 |
| Lot Size | 2,479 | 6,533.667 |
| Price | $575.0K | $621.7K |
| Price per sq ft | $347 | $321 |
| Built year | 1960 | 1940 |
| HOA | $0 | $0 |
| Days on market | 44 | 83 |
Pricing History
Listed for Sale
Oct 21, 2026
$575,000
$580,000
-1% Price Drop
Initial Listing
Price Change
Sep 10, 2026
$580,000
Initial Listing
Sold
Mar 2, 2016
$300,000
Public Record
Sold
Apr 25, 2000
$163,000
Public Record