1241 Parker Ave, Tracy, CA 95376, Tracy, 95376 - 0 bed, 0 bath
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1241 Parker Ave
Tracy, CA 95376
ACTIVE
CONDITION: FAIR
0Beds
0Baths
4,638Sq Ft
436Lot Size
Property Price
LIST PRICE$1,299,000
EST. MARKET VALUE
$1,299,000
SUMMARY
This multi-unit property represents a High-Potential Investment Opportunity, listed at a List Price of $1,299,000, which aligns with the $1,299,000 Fair Market Value. Featuring three separate homes on three individual parcels, this Residential Income asset offers significant flexibility for rental revenue or multi-generational living. With a Fair Condition Rating and 1918 vintage construction, the property requires capital for modernization. While local school ratings are low, the strategic corner location and substantial square footage provide a strong foundation for Buy-and-Hold Investors and Value-Add Developers.
Estimated Market Value
$1,299,000
Based on Realkey algorithm analyzing recent comparable sales in Tracy.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1241 Parker Ave Subject | $1,299,000* List Price | 0 | 0 | 4,638 | $280 | - |
A 1719 Parker Avenue Sold | $1,200,000 | 11 | 4 | 4,158 | $289 | 0.5 mi |
B 1940 Wall Street Pending | $1,380,000 List Price | 8 | 4 | 0 | 0.6 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 1918, this multi-unit property shows signs of regular maintenance and recent cosmetic updates, including fresh interior paint and newer carpeting in the living areas. However, the exterior shows visible wear such as peeling paint on the porch and concrete surfaces. The lack of kitchen and bathroom photos often suggests these areas are dated or have not been recently renovated. Given the century-old construction and the listing's own warning regarding vintage construction risks, the property is functional but aged, fitting the 'fair' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Investment Potential
This unique property features three separate homes on three individual parcels, offering exceptional flexibility for rental income, multi-generational living, or future resale of individual lots.
- Strategic Corner Location
Situated on a prominent corner lot near W. 11th Street, the property provides excellent visibility, easy access, and close proximity to local Tracy amenities.
- Substantial Living Space
With two of the three units boasting 1,730 square feet each, the property offers significantly more interior living space than typical multi-family units of this era.
CONSRISKS & DEFICIENCIES
- Vintage Construction Risks
Built in 1918, these century-old structures may require significant capital expenditures for modernizing systems, structural repairs, or addressing deferred maintenance.
- Underperforming School District
The assigned elementary and middle schools carry low ratings (3/10), which may limit the appeal for families and impact the long-term appreciation potential compared to other neighborhoods.
About 1241 Parker Ave
Unique Property and Unique Opportunity. Great location near W. 11th Street. 3 homes on 3 separate parcels. Looks like 3 homes on one lot. Corner lot. 1241 Parker: 3 bedrooms, 2 baths, 1170 square feet with attached garage. 1243 Parker: 3 bedroom, 2 bath, 1730 square feet, detached garage. 1245 Parker: 2 bedroom, 2 baths, 1730, detached garage. Lot size is unverified. Buyer to verify lot size, property condition, and square footage.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1918
- Lot Size
- 436 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Tracy Unified Schools
Central Elementary School
Grades K-5 • 0.1 mi
3/10
Monte Vista Middle School
Grades 6-8 • 0.7 mi
3/10
Tracy High School
Grades 9-12 • 0.6 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 8.0 |
| Baths | 0.0 | 6.0 |
| Square foot | 4,638 | 3,892 |
| Lot Size | 436 | 8,551 |
| Price | $1.30M | $1.20M |
| Price per sq ft | $280 | $289 |
| Built year | 1918 | 1968 |
| HOA | $0 | $0 |
| Days on market | 187 | 48 |
Pricing History
Listed for Sale
Jun 5, 2026
$1,299,000
$1,399,000
-7% Price Drop
Initial Listing
Price Change
Mar 6, 2026
$1,399,000
Initial Listing
Sold
Dec 5, 2003
$195,000
Public Record