1202 Ohio Street, Vallejo, CA 94590, Vallejo, 94590 - 2 bed, 1 bath
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Vallejo, CA 94590
This Dual-Unit Residential Asset represents a Strong Value Opportunity, listed at $525,000—positioned well below the $572,600 Fair Market Value by 8%. This valuation gap provides $47,600 in Instant Equity. With a Good Condition Rating, the property features an updated upstairs unit and a stable, income-generating downstairs rental. While school ratings are modest, the 2,066 square feet of living space and existing cash flow make this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1202 Ohio Street Subject | $525,000* List Price | 2 | 1 | 2,066 | $277 | - |
A 116 Mississippi St Sold | $530,000 | 4 | 2 | 1,808 | $293 | 0.8 mi |
B 152 12th Street Sold | $420,000 | 3 | 2 | 1,301 | $323 | 0.8 mi |
C 1208 Florida Street Active | $540,000 List Price | 3 | 2 | 2,125 | $254 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1938, the property is well-maintained and move-in ready. It features recent cosmetic updates including fresh paint and new LVP flooring throughout. The kitchen is functional with newer appliances, and the bathroom has been updated with a modern glass-enclosed shower, fitting the 5-15 year renovation criteria for a 'Good' rating.
The property features a dual-unit setup with the downstairs already rented for $1,600 per month, offering immediate cash flow or a significant mortgage offset for an owner-occupant.
The upstairs living space is move-in ready, featuring fresh interior paint and an updated kitchen, reducing the need for immediate capital improvements.
At 2,066 square feet, the home offers a substantial amount of interior living space compared to many other properties at this price point in the Vallejo market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2066, other record living area = 1033.
The local assigned schools, including Lincoln Elementary and Vallejo High, carry low ratings (2/10), which may be a deterrent for families prioritizing education.
The 3,759 square foot lot is relatively small for a property of this size, limiting outdoor recreational space and potential for future exterior additions.
Upstairs Freshly painted 2 bedrooms and 1 bath, updated Kitchen, Downstairs currently rented at $1600.00, 2 bedroom and 1 bath
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 49% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 2,066 | 1,086 | 90% |
| Lot Size | 3,759 | 5,663 | 24% |
| Price | $525.0K | $420.0K | 73% |
| Price per sq ft | $254 | $356 | 20% |
| Built year | 1938 | 1938 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 224 | 2% |
May 20, 2026
$525,000
Initial Listing
Apr 6, 2022
$520,000
Public Record