Fourplex with Updated 2BR
2388 Parker Avenue Tracy, CA 95376
2388 Parker Avenue, Tracy, CA, 95376
$1,300,000
Pending
For Sale
$1,300,000
Pending
Meticulously maintained four-unit property offering updated 2-bedroom units with in-unit laundry and covered parking.
Property Size3,892 SF
Days on Market22
Property Features for 2388 Parker Avenue
General Information
- Standard status
- Pending
- Size
- 3,892 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1990
Listing agency
Partners Real Estate
(209) 603-0568
Listed by
Daniel J. McNamara · License #01941943
(209) 603-0568
Source
Exitrealty
Added: Jun 30 Updated: Jul 20 at 8:09PM Checked: Jul 21 at 6:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Partners Real Estate
Investment Insights
Based on property information with market context.
This well-maintained fourplex includes four spacious 2-bedroom, 1.5-bathroom units. The units feature dual-pane windows, and each home offers in-unit laundry along with two dedicated covered carport spaces. Updates and thoughtful layouts are designed to support day-to-day tenant comfort.
The property is located in an established Tracy residential area and is described as being near shopping, restaurants, schools, parks, and major commuter routes, supporting convenient access for tenants.
The grounds are exceptionally low maintenance, which is presented as a way to help reduce operating expenses and simplify management. Overall, the building’s combination of updated interiors, practical unit amenities, and low-maintenance exterior maintenance supports a straightforward residential income setup for an investor or owner-operator.
The property is located in an established Tracy residential area and is described as being near shopping, restaurants, schools, parks, and major commuter routes, supporting convenient access for tenants.
The grounds are exceptionally low maintenance, which is presented as a way to help reduce operating expenses and simplify management. Overall, the building’s combination of updated interiors, practical unit amenities, and low-maintenance exterior maintenance supports a straightforward residential income setup for an investor or owner-operator.
Key Highlights
- Four‑unit property built in 1990 featuring four spacious 2‑bedroom, 1.5‑bath units
- Each unit includes in‑unit laundry and two dedicated covered carport spaces
- Dual‑pane windows throughout for energy efficiency
Local Financial Insights For Multifamily LT 5
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 | $77.1k | $19.80 |
| − Vacancy | −$3.5k | −$0.89 |
| EGI | $73.6k | $18.91 |
| − OpEx | −$22.1k | −$5.67 |
| NOI | $51.5k | $13.24 |
3,892 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$735.9K
$644.0K – $858.6K
NOI $51,516 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$683.4K
$598.0K – $797.3K
NOI $47,840 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$854.7K
$747.9K – $997.1K
NOI $59,828 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Meticulously maintained four-unit property offering updated 2-bedroom units with in-unit laundry and covered parking.
Where is this quadplex located?
The property is located at 2388 Parker Avenue Tracy, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑unit property built in 1990 featuring four spacious 2‑bedroom, 1.5‑bath units; Each unit includes in‑unit laundry and two dedicated covered carport spaces; Dual‑pane windows throughout for energy efficiency
