
Vallejo, CA 94590
This property represents a Strong Value Opportunity, listed at $490,000—positioned well below the $449,496 Fair Market Value by -9%. While the list price exceeds the current estimation, the property functions as a Buy-and-Hold Investor asset due to its duplex configuration, separate utilities, and additional ADU. Featuring a Condition Rating of 3, the home includes a modern granite kitchen and LVP flooring. This is an ideal acquisition for Owner-Occupants seeking rental income to offset mortgage costs or investors targeting multi-unit cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1217 Florida Street Subject | $490,000* List Price | 4 | 2 | 1,128 | $398 | - |
A 1121 Ohio Street Sold | $450,000 | 2 | 1 | 1,307 | $344 | 0.2 mi |
B 317 Central Avenue Sold | $485,000 | 3 | 2 | 1,155 | $420 | 0.6 mi |
C 205 14th Street Sold | $420,000 | 2 | 1 | 960 | $438 | 0.8 mi |
D 717 Ohio Street Sold | $369,000 | 2 | 1 | 884 | $417 | 0.5 mi |
E 140 Tuolumne Street Sold | $400,000 | 3 | 2 | 1,076 | $372 | 0.5 mi |
F 140 Wallace Avenue Active | $450,000 List Price | 3 | 2 | 1,227 | $367 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1922 build date, the property has undergone recent renovations including a modern kitchen with granite countertops, undermount sink, and new LVP flooring. The electrical system has been updated to include an EV charger, and the interior appears move-in ready. The presence of an unpermitted ADU and the age of the primary structure prevent an 'Excellent' rating.
Configured as a duplex with separate gas and electric services plus an additional ADU, this property offers excellent flexibility for multi-generational living or rental income.
The property has been recently updated and features the rare convenience of laundry rooms on both floors, making it move-in ready for tenants or owners.
Unlike many multi-unit properties in the area, this lot provides parking access in both the front and rear, significantly enhancing tenant convenience.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The presence of an unpermitted ADU in the rear may present challenges regarding financing, insurance coverage, and future building code compliance.
The assigned elementary and high schools currently hold low performance ratings, which could limit the property's appeal to families and impact long-term appreciation.
This duplex has been undated and is ready for its next owner. Has separate gas and electric service. Parking in front and rear of property. There are laundry rooms on both floors and additional unpermitted ADU in the rear. This is the perfect home for you and your family or as a rental property. Easy to maintain exterior. Come see for yourselves.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,128 | 1,479.515 |
| Lot Size | 3,250 | 6,467.939 |
| Price | $490.0K | $557.8K |
| Price per sq ft | $434 | $359 |
| Built year | 1922 | 1959 |
| HOA | $0 | $159 |
| Days on market | 21 | 46 |
Aug 19, 2026
$490,000
Initial Listing
Dec 31, 2015
$227,000
Public Record