1245 Parker Ave, Tracy, CA 95376, Tracy, 95376 - 3 bed, 2 bath
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1245 Parker Ave
Tracy, CA 95376
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,548Sq Ft
1,137Lot Size
Property Price
LIST PRICE$439,000
EST. MARKET VALUE
$427,571
SUMMARY
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.
Estimated Market Value
$427,571
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 |
|---|---|---|---|---|---|---|
★ 1245 Parker Ave Subject | $439,000* List Price | 3 | 2 | 1,548 | $276 | - |
A 1243 Parker Ave Active | $439,000 List Price | 3 | 2 | 1,734 | $253 | 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 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.
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 a high-yield investment strategy.
- Prime Central Location
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.
- Value-Add Opportunity
With a detached garage and multiple structures, this property presents significant potential for renovation and appreciation in a sought-after neighborhood.
CONSRISKS & DEFICIENCIES
- Vintage Condition
Originally built in 1918, the property likely requires substantial updates and modernizations, which may necessitate a significant capital investment for repairs.
- Information Uncertainty
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.
About 1245 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. 1245 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
- 1,137 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