Three-Home Residential Income
1241 Parker Ave Tracy, CA 95376
For Sale
$1,299,000
MULTI_FAMILY - Tracy, CA
Property Size4,638 SF
Lot Size0.01 Acres
Price / SF$280.08
Days on Market146
Property Features for 1241 Parker Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
11
Rooms
Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 7, Bedroom 9, Bedroom 6, Bathroom 5, Bathroom 9, Bedroom 5, Bathroom 10, Bathroom 11, Bedroom 7, Bathroom 4, Bathroom 1, Bathroom 6, Bedroom 2, Bedroom 3, Bathroom 8, Bedroom 8
Parking features
Parking Lot, Guest
Exterior features
Back Yard, Front Yard
Fencing
Fenced
Standard status
Active
APN
233530030000
Size
4,638 SF
Lot size
0.01 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace, Forced Air
Cooling system
Ceiling Fan(s), Window Unit(s), Wall/Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1918
Number of units
3
Flooring type
Carpet, Vinyl
Building materials
Stucco, Wood Siding
Roof type
Composition
Listing Agency:
Legacy Real Estate & Assoc.
(510) 744-3500
Listed By:
Kathleen Minser
(925) 858-6225
Added: Mar 6
Changed: Jul 11
Last Checked: Jul 30 at 12:06AM
MLS# 41126281
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential income property consists of three separate homes positioned on three separate parcels, with the configuration described as “3 homes on one lot” and located on a corner lot. The offering includes 1241 Parker Ave (3 bedrooms, 2 baths, 1,170 square feet) with an attached garage, 1243 Parker Ave (3 bedrooms, 2 baths, 1,730 square feet) with a detached garage, and 1245 Parker Ave (2 bedrooms, 2 baths, 1,730 square feet) with a detached garage.
The property is listed at 1241 Parker Ave, Tracy, CA 95376, and public remarks indicate a location near W. 11th Street. Lot size is noted as unverified, and the buyer is instructed to verify lot size, property condition, and square footage.
The provided unit mix and garage types create three distinct residential spaces within the overall parcel arrangement, with the specific dimensions and conditions intended for buyer due diligence.
The property is listed at 1241 Parker Ave, Tracy, CA 95376, and public remarks indicate a location near W. 11th Street. Lot size is noted as unverified, and the buyer is instructed to verify lot size, property condition, and square footage.
The provided unit mix and garage types create three distinct residential spaces within the overall parcel arrangement, with the specific dimensions and conditions intended for buyer due diligence.
Key Highlights
- 3 homes on 3 separate parcels on a corner lot (1241, 1243, and 1245 Parker)
- 1241 Parker: 3 bedrooms, 2 baths, 1,170 SF with attached garage
- 1243 Parker: 3 bedrooms, 2 baths, 1,730 SF with detached garage
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.0k | $23.28 |
| − Vacancy | −$4.3k | −$0.93 |
| EGI | $103.7k | $22.35 |
| − OpEx | −$46.6k | −$10.06 |
| NOI | $57.0k | $12.29 |
4,638 SF · lease $23.28/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$814.4K
$712.6K – $950.2K
NOI $57,010 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$891.2K – $1.19M
NOI $71,295 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Multifamily property - Residential income offering three homes across separate parcels, including attached and detached garages, with verified unit details to review.
Where is this multifamily property located?
The property is located at 1241 Parker Ave Tracy, CA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 3 homes on 3 separate parcels on a corner lot (1241, 1243, and 1245 Parker); 1241 Parker: 3 bedrooms, 2 baths, 1,170 SF with attached garage; 1243 Parker: 3 bedrooms, 2 baths, 1,730 SF with detached garage
