1243 Parker Ave, Tracy, CA 95376, Tracy, 95376 - 3 bed, 2 bath
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Tracy, CA 95376
This Multi-Unit Value-Add Asset represents a Prime Investment Opportunity with a List Price of $539,000—positioned well below the $558,429 Fair Market Value by 3%. This valuation provides $19,429 in Instant Equity. Currently holding a Condition Rating of 5, the property requires substantial rehabilitation. Located near Tracy High and Monte Vista Middle, this corner-lot offering features three separate homes on individual parcels for maximum rental potential. It is a high-upside acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1243 Parker Ave Subject | $539,000* List Price | 3 | 2 | 1,734 | $311 | - |
A 1245 Parker Ave Active | $539,000 List Price | 3 | 2 | 1,548 | $348 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Originally built in 1918, the property is in vintage condition and requires substantial rehabilitation to meet modern standards. The kitchen and bathrooms feature outdated cabinetry, mismatched appliances, and aged fixtures likely dating back several decades. The listing's emphasis on 'value-add opportunities' and 'investor potential' further indicates significant deferred maintenance and the need for major system updates, including electrical, plumbing, and flooring.
This rare offering includes three separate homes on three individual parcels, providing exceptional flexibility for rental income, multi-generational living, or future resale strategies.
Situated on a desirable corner lot in the heart of Central Tracy near W. 11th Street, the property offers high visibility and convenient access to local amenities and transportation.
The unique configuration of multiple dwellings on separate parcels presents a significant opportunity for investors to increase equity through strategic renovations and modernization.
Originally built in 1918, the properties likely require substantial updates to major systems and finishes to meet modern building standards and maximize market value.
With unverified lot sizes and square footage, buyers face significant due diligence hurdles and potential discrepancies regarding the actual land and building dimensions.
Unique opportunity in the heart of Tracy! This rare offering includes three separate homes on three individual parcels located on a desirable corner lot near W. 11th Street. The properties are positioned together and present excellent potential for investors, multi-generational living, or value-add opportunities. 3 homes on 3 separate parcels. Looks like 3 homes on one lot. 1243 Parker: 3 bedrooms, 2 baths, 1170 square feet with detached garage. 2-Bedrooms and 1 Bath upstairs with 1 Bedroom 1 Bath downstairs. Lot size is unverified. Buyer to verify lot size, property condition, and square footage.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.5 | 50% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 1,734 | 1,272 | 50% |
| Lot Size | - | 980 | 50% |
| Price | $539.0K | $459.5K | 50% |
| Price per sq ft | $311 | $390 | 50% |
| Built year | 1918 | 1945 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 100 | 118 | 50% |
Mar 6, 2026
$539,000
Initial Listing
Dec 5, 2003
$218,000
Public Record