123 S Airport Way, Stockton, CA 95205, Stockton, 95205 - 8 bed, 4 bath
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Stockton, CA 95205
This High-Potential Investment Opportunity is a Residential Income Quadruplex listed at $739,000, positioned above the $691,045 Fair Market Value. While the property requires attention to exterior maintenance, it features four remodeled 2-bedroom units generating $6,400 in gross monthly income. With a Condition Rating of 4, the asset offers immediate cash flow and a recently replaced roof. This property is a strategic acquisition for Buy-and-Hold Investors or Portfolio Managers seeking a turnkey, income-generating asset in a central Stockton location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 123 S Airport Way Subject | $739,000* List Price | 8 | 4 | 2,640 | $262 | - |
A 1311 E Sonora Street Active | $650,000 List Price | 8 | 0 | 3,200 | $203 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986 (38 years old). While the description claims remodeled units and a newer roof, the exterior shows signs of deferred maintenance including siding rot at the base, peeling trim paint, and cracked pavement. The reliance on window AC units instead of central HVAC further indicates a dated system profile.
With a gross monthly income of $6,400 from four units, the property offers a robust gross yield of approximately 10.4%, making it a highly attractive cash-flowing asset for investors.
The combination of four fully remodeled units and a recently replaced roof significantly reduces immediate capital expenditure requirements and provides peace of mind regarding maintenance.
The uniform configuration of four 2-bedroom, 1-bathroom units is highly desirable for the Stockton rental market, ensuring consistent demand and simplifying long-term property management.
Situated on South Airport Way, the property is located in a high-traffic corridor which may result in increased noise levels and potential tenant turnover compared to quieter residential neighborhoods.
The list price of $739,000 represents a substantial increase from the 2023 sale price of $570,000, which may present challenges during the appraisal process for buyers utilizing traditional financing.
Excellent investment opportunity at **123 Airport Way, Stockton**! This well-maintained fourplex features **four remodeled 2-bedroom, 1-bathroom units**, each renting for **$1,600/month**, generating **$6,400 in gross monthly income**. The property also boasts a **recently replaced roof**, offering added peace of mind for investors. Centrally located in the heart of Stockton with convenient access to shopping, dining, schools, and major commuter routes. A turnkey, cash-flowing asset ready to add to your portfolio.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,640 | - |
| Lot Size | 7,501 | - |
| Price | $739.0K | $508.8K |
| Price per sq ft | $280 | $251 |
| Built year | 1986 | 0 |
| HOA | $0 | $0 |
| Days on market | 6 | 54 |
Jul 16, 2026
$739,000
Initial Listing
Jul 6, 2023
$570,000
Public Record
Sep 29, 1995
$100,000
Public Record