
Stockton, CA 95204
This High-Potential Investment Opportunity is a Triplex Residential Income Asset listed at $499,999—positioned well below the $520,796 Fair Market Value by 4%. This valuation gap offers $20,797 in Instant Equity. Featuring a 2026 New Roof and Private Garages, the property maintains a Condition Rating of 4, requiring interior modernization. Its proximity to St. Joseph’s Medical Center ensures consistent rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking a stable, income-producing asset in a strategic location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 402 E Wyandotte Street Subject 3 bd · 3 ba · 2,250 sqft · $231 | $499,999* List Price | 3 | 3 | 2,250 | $231 | - |
A 3227 Bonnie Lane Sold 0 bd · 0 ba · 2,000 sqft · $228 · 0.8 mi | $455,000 | 0 | 0 | 2,000 | $228 | 0.8 mi |
B 2212 N Sutter Street Pending 0 bd · 2 ba · 1,805 sqft · $221 · 0.2 mi | $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.
While the property features a new roof and fresh exterior paint, the interior is significantly dated with 1970s-style shag carpeting and older cabinetry. The 1948 structure is well-maintained externally, but the interior systems and finishes require modernization to move beyond a dated status.
The property features a brand-new 2026 roof and fresh exterior paint, significantly reducing immediate deferred maintenance costs and enhancing curb appeal for new ownership.
Each unit includes a private one-car garage and in-unit laundry hookups, rare features for one-bedroom apartments that drive higher rental premiums and long-term tenant retention.
Situated steps from St. Joseph’s Medical Center and near the University of the Pacific, the location ensures consistent demand from a high-quality pool of 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.
Built in 1948, the property may require ongoing attention to aging internal systems common in mid-century structures, despite recent repairs and documentation.
The triplex consists exclusively of one-bedroom units, which restricts the potential tenant base by excluding families or renters requiring additional space for home offices.
INVESTOR ALERT Classic 1948 Midtown Stockton triplex with a 2026 new roof and full exterior paint. Three separately metered 1-bedroom, 1-bath units. Each unit offers a spacious living room, separate dining area, in-unit laundry hookups, and its own private 1-car garage: a rare combination tenants will pay for. Location does the heavy lifting: steps from St. Joseph's Medical Center, minutes to University of the Pacific, Miracle Mile shopping and dining, and freeway access. Inspections have been done and repairs have been made. Documentation available.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.6 |
| Baths | 3.0 | 2.5 |
| Square foot | 2,250 | 1,942.25 |
| Lot Size | 7,000 | 6,807.625 |
| Price | $500.0K | $437.6K |
| Price per sq ft | $222 | $230 |
| Built year | 1948 | 1962 |
| HOA | $0 | $112 |
| Days on market | 37 | 67 |
Sep 17, 2026
$499,999
Initial Listing
Apr 8, 2016
$212,500
Public Record
Dec 13, 2006
$325,000
Public Record