402 E Wyandotte Street, Stockton, CA 95204, Stockton, 95204 - 3 bed, 3 bath
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Stockton, CA 95204
This Value-Add Residential Income Triplex is listed at $550,000, reflecting the stability and fairness of its $547,925 Fair Market Value. The asset features Private One-Car Garages and Indoor Laundry Hookups, currently producing below-market rents with significant room for NOI growth. Maintaining a Well-Maintained As-Is Condition, the property requires only minor cosmetic updates to attract premium healthcare tenants near St. Joseph's Hospital and UOP. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Specialists looking for immediate cash flow and forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 402 E Wyandotte Street Subject | $550,000* List Price | 3 | 3 | 2,250 | $244 | - |
A 150 W Stadium Drive Sold | $425,000 | 3 | 0 | 1,722 | $247 | 0.9 mi |
B 2212 N Sutter Street Pending | $399,000 List Price | 0 | 2 | 1,805 | $221 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1948, this triplex is well-maintained with 'no deferred maintenance' according to the listing, but it is being sold 'as-is' and requires cosmetic updates to reach current market standards. While the structure appears solid and functional, the interior components, kitchens, and bathrooms are likely outdated and show signs of age consistent with a property that has not undergone a full recent renovation.
With current rents averaging $1,041 per unit against market rates of up to $1,450, there is a clear opportunity to substantially increase NOI through minor cosmetic updates.
The inclusion of private one-car garages and indoor laundry hookups for each unit is a rare and highly desirable feature that drives long-term tenancy and justifies higher rent.
Proximity to St. Joseph's Hospital and the University of the Pacific ensures a steady demand from a high-quality tenant pool, including healthcare professionals and students.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 9.
The property is being sold in as-is condition, requiring the buyer to budget for immediate cosmetic renovations and potential unforeseen repairs to reach market competitiveness.
Current gross income is significantly below market capacity, meaning the investor will face a lower initial cap rate until units can be transitioned to market-rate leases.
Investor alert! This classic 1948 triplex delivers immediate income + clear path to higher rents in one of Stockton's most convenient pockets. Currently generating $3,123/month gross ($1,041/unit average) on month-to-month leases well below current 1BR market rents of $1,250-$1,450. Bring units to market with simple cosmetic updates and watch your NOI climb fast. Each of the three 1-bedroom, 1-bath units offers: Spacious living room + separate dining area, Indoor laundry hookups (tenant convenience = longer tenancy), Private 1-car garage (a rare perk that tenants love and will pay for). Solid original bones with no deferred maintenance surprises just ready for your vision. Separate meters keep utility costs off your books. The large lot gives flexibility. Location: Steps from St. Joseph's Hospital, minutes to UOP, Miracle Mile shopping/dining, freeway access, and downtown. Perfect for the hands-on investor looking for a below-market entry price, strong rental demand, and immediate value-add equity. Property is being offered as-is.'' All information deemed reliable but not guaranteed buyer to verify.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.5 | 50% |
| Square foot | 2,250 | 1,906 | 67% |
| Lot Size | 7,000 | 6,547 | 50% |
| Price | $550.0K | $527.5K | 67% |
| Price per sq ft | $244 | $244 | 50% |
| Built year | 1948 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 153 | 17% |
Apr 1, 2026
$550,000
Initial Listing
Apr 8, 2016
$212,500
Public Record
Dec 13, 2006
$325,000
Public Record