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1616 E Market Street, Stockton, CA 95205
$2,600,000
1616 E Market Street, Stockton, CA 95205View this property at 1616 E Market Street, Stockton, CA 95205
1616 E Market StreetStocktonCA95205
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Property Description
Welcome to 1616 East Market Street, Stockton, CA! This impressive (16) unit apartment building offers a lucrative investment opportunity with long-term tenants and solid cash flow. Built in 1992, the property features (16) units - all two bed, one bath, approx 792 sqft each. Building amenities include: on-site laundry, private/secure parking, with an outstanding property management company willing to remain with new ownership. This well-maintained complex is an excellent addition to any investment portfolio. Located in a prime area, an hour south of Sacramento this property offers convenience and potential for growth. Don't miss this chance to own a profitable and well-situated investment property in Stockton!
Full Property Details
Full Property Details for 1616 E Market St
General
- Price: $2,600,000
- Status: Active
- Type: Multi-Family
- MLS ID: 224055154
- Updated: 5/24/2024
- Added to Site: 25 day(s) ago
Rental Information
- Lease/Rent Term: Varies By Unit
Interior
- Appliances: Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator, See Remarks
- Flooring: Carpet, Tile, See Remarks
Rooms
Other Rooms
- Laundry: In Common Area
Parking
- Total Spaces: 16
- Parking: Guest Parking Available, See Remarks
Location
- Area: 20801
- County: San Joaquin
- Cross Streets: S Wilson Way
- Driving Directions: Heading South on I-5, merge onto CA-4 East, Exit Wilson Way, turn left on Wilson Way, then turn right on E Market St.
School Information
- School District: San Joaquin
- Elem School District: Stockton Unified
- Midd School District: Stockton Unified
- High School District: Stockton Unified
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
Utilities
- Sewer: See Remarks
- Water: See Remarks
- Utility Description: City
Structural Information
- Architectural Style: Two Story Contemporary
- Construction: Wood
- Foundation: SeeRemarks, Slab
- Stories/Levels: 2
- Year Built: 1993
Unit Information
- Units in Building: 16
Unit 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.5609
- Lot Size (Sq. Ft.): 24,433
- Irrigation System: See Remarks
- Zoning: C2
- Lot Description: Private, Other
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: Other
- APN: 155-020-66
Listed by Compass
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Schools
Schools serving 1616 E Market St
School District:Stockton Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2021 E Flora St, Stockton, CA 95205 | K-8 | 0.8 mi | |
2640 E Lafayette St, Stockton, CA 95205 | K-8 | 1 mi | |
2644 E Poplar St, Stockton, CA 95205 | K-8 | 1.2 mi | |
1621 Brookside Rd, Stockton, CA 95207 | 9-12 | 3.7 mi | |
776 S Broadway Ave, Stockton, CA 95205 | K-8 | 1.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1616 E Market St
Date
Details
Price
Change
Source
5/23/2024
Price Reduced
$2,600,000
-3.7%
MLS
5/22/2024
Listed
$2,700,000
542.86%
MLS
9/13/2000
Sold
$420,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1616 E Market St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$7,790
3%
$608,261
2%
2022
$7,532
-6%
$596,336
2%
2021
$8,044
9%
$584,644
1%
2020
$7,373
—
$578,650
2%
2019
$7,343
2%
$567,305
2%
2018
$7,206
5%
$556,182
2%
2017
$6,831
-2%
$545,278
2%
2016
$6,949
—
$534,589
2%
2015
$6,943
35%
$526,562
32%
2014
$5,125
1%
$399,000
—
2013
$5,093
—
$399,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1616 E Market St
1616 E Market Street, Stockton, CA 95205 (MLS# 224055154) is a Multi-Family property with 16 units containing 0 bedrooms and 0 full bathrooms. 1616 E Market Street is currently listed for $2,600,000 and was received on May 22, 2024. Want to learn more about 1616 E Market Street? Do you have questions about finding other Multi-Family real estate for sale in Stockton? You can browse all Stockton real estate or contact a Coldwell Banker agent to request more information.