1306 N Filbert St, Stockton, CA 95205, Stockton, 95205 - 0 bed, 0 bath
Loading property details...
Stockton, CA 95205
Analysis of 1306 N Filbert St, Stockton, CA 95205 is currently available with a list price of $549,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Stockton Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1949, this property is 75 years old. The exterior images reveal significant deferred maintenance, including faded and peeling paint, an aged roof, and cracked concrete walkways. The listing description emphasizes its 'value-add' potential and the need to 'stabilize, improve, and optimize,' which, coupled with the complete absence of interior photos (especially kitchens and bathrooms), strongly indicates that the property requires substantial repairs and rehabilitation. Major systems and interior finishes are likely very outdated and in need of extensive renovation to meet modern standards and ensure long-term functionality.
The property is explicitly marketed as a 'true 1% Rule property,' generating $5,400/month ($64,800/year gross) against a $549,000 list price, indicating strong immediate cash flow.
As a 4-plex, it offers diversified income streams, reducing vacancy risk and providing a more stable investment compared to single-family rentals.
With three units on month-to-month leases, a new owner has immediate flexibility to adjust rents to market rates or implement property improvements and re-tenant as desired.
Built in 1949, the property is 75 years old, which likely implies a need for significant capital expenditures for major system replacements (e.g., plumbing, electrical, roofing) and general modernization in the near future.
Each 1 bed/1 bath unit is approximately 400 sq ft, which is quite small and may limit the tenant pool or restrict future rent growth potential compared to properties with larger units.
The listing description lacks details regarding the current physical condition of the units or any recent upgrades, which could indicate potential for unforeseen repair costs or deferred maintenance for an older income property.
How often do you come across a true 1% Rule property in today’s market? This one checks the box. Welcome to 1306 N Filbert St (Units 1302, 1304, 1306 & 1308) — a cash-flowing 4-plex bringing in $5,400/month in rents, offered at just $549,000. Property highlights: 4 units total: 1302 / 1304 / 1306 / 1308 All units are 1 bed / 1 bath Each unit approx. 400 sq ft (approx. 1,600 sq ft total) Strong in-place income: $64,800/year gross Flexible rent structure: 3 leases month-to-month, 1 annual lease ending around June 2026 This is the kind of small multifamily that’s hard to find—in-place cash flow on day one with built-in flexibility to stabilize, improve, and optimize over time. Lease agreements, Income Statements - all available upon request.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 1.0 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 1,600 | 1,320 | 50% |
| Lot Size | 6,200 | 6,200 | 50% |
| Price | $549.0K | $375.2K | 88% |
| Price per sq ft | $343 | $323 | 63% |
| Built year | 1949 | 1947 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 123 | 123 | 63% |
Dec 20, 2025
$549,000
Initial Listing
Oct 28, 2019
$325,000
Public Record
Sep 12, 2011
$40,000
Public Record
Jan 14, 2011
$80,000
Public Record
Jul 27, 2004
$350,000
Public Record