1243 Parker Ave, Tracy, CA 95376, Tracy, 95376 - 3 bed, 2 bath
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1243 Parker Ave
Tracy, CA 95376
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,734Sq Ft
1,320Lot Size
Property Price
LIST PRICE$439,000
EST. MARKET VALUE
$439,000
SUMMARY
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.
Estimated Market Value
$439,000
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 |
|---|---|---|---|---|---|---|
★ 1243 Parker Ave Subject | $439,000* List Price | 3 | 2 | 1,734 | $253 | - |
A 1245 Parker Ave Active | $439,000 List Price | 3 | 2 | 1,548 | $284 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
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 The kitchen and bathrooms feature outdated cabinetry, mismatched appliances, and aged fixtures likely dating back several decades.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.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Investment Potential
This rare offering includes three separate homes on three individual parcels, providing exceptional flexibility for rental income, multi-generational living, or future resale strategies.
- Strategic Central Location
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.
- Value-Add Opportunity
The unique configuration of multiple dwellings on separate parcels presents a significant opportunity for investors to increase equity through strategic renovations and modernization.
CONSRISKS & DEFICIENCIES
- Vintage Condition Risks
Originally built in 1918, the properties likely require substantial updates to major systems and finishes to meet modern building standards and maximize market value.
- Unverified Property Specifications
With unverified lot sizes and square footage, buyers face significant due diligence hurdles and potential discrepancies regarding the actual land and building dimensions.
About 1243 Parker Ave
Unique Investment Opportunity in the Heart of Tracy! This rare offering features three separate homes on three individual parcels, positioned together on a desirable corner lot near W. 11th Street. While the three properties are situated together and may appear at first glance to be one larger property, they are three separate parcels with three individual homes creating excellent potential for investors, multi-generational living, or value-add opportunities. 1243 Parker Avenue offers approximately 1,730 square feet, with 3 bedrooms 2 bathrooms, and detached garage. The combined properties offer a rare opportunity to own multiple residences in a convenient Tracy location with potential for a variety of investment strategies.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1918
- Lot Size
- 1,320 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
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.
Pricing History
Listed for Sale
Aug 27, 2026
$439,000
$539,000
-19% Price Drop
Initial Listing
Price Change
Mar 6, 2026
$539,000
Initial Listing
Sold
Dec 5, 2003
$218,000
Public Record