1245 Parker Ave, Tracy, CA 95376, Tracy, 95376 - 3 bed, 2 bath
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Tracy, CA 95376
This Multi-Unit Value-Add Opportunity represents a rare strategic acquisition in Central Tracy, listed at $539,000. Positioned near its $521,655 Fair Market Value, the offering includes three separate homes on three individual parcels on a desirable corner lot, providing exceptional flexibility for rental income. With a Condition Rating of 5, the 1918-built structures require substantial modernization to unlock their full potential. Located within walking distance of Central Elementary and Tracy High School, this asset is a prime candidate for forced appreciation. It is an ideal project for Buy-and-Hold Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1245 Parker Ave Subject | $539,000* List Price | 3 | 2 | 1,548 | $337 | - |
A 1243 Parker Ave Active | $539,000 List Price | 3 | 2 | 1,734 | $311 | 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 with a kitchen and bathrooms that appear to have last been updated 40-50 years ago. The interior features worn carpeting, dated wood cabinetry, and aged appliances. Marketed as a 'value-add' investor opportunity, the home requires substantial modernization and rehabilitation of major systems and finishes to meet current quality standards.
This rare offering includes three separate homes on three individual parcels, providing exceptional flexibility for rental income, multi-generational living, or a high-yield investment strategy.
Situated on a desirable corner lot in Central Tracy, the property is within walking distance to schools and close to W. 11th Street, offering high convenience and accessibility.
With a detached garage and multiple structures, this property presents significant potential for renovation and appreciation in a sought-after neighborhood.
Originally built in 1918, the property likely requires substantial updates and modernizations, which may necessitate a significant capital investment for repairs.
There are discrepancies in reported square footage and unverified lot sizes, requiring buyers to perform extensive due diligence to confirm the property's true specifications.
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. 1245 Parker: 3 bedrooms, 2 baths, 1730 square feet with detached garage. 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 | 1,548 | 1,179 | 50% |
| Lot Size | - | 980 | 50% |
| Price | $539.0K | $459.5K | 50% |
| Price per sq ft | $348 | $409 | 50% |
| Built year | 1918 | 1945 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 92 | 111 | 50% |
Mar 6, 2026
$539,000
Initial Listing
Dec 5, 2003
$218,000
Public Record