| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Good |
| Demographics | 19th | Poor |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2926 N Tracy Blvd, Tracy, CA, 95376, US |
| Region / Metro | Tracy |
| Year of Construction | 1972 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2926 N Tracy Blvd Tracy Multifamily Investment
This 48-unit Tracy property benefits from strong neighborhood-level occupancy of 96.2% and robust rental demand in the broader Stockton metro, positioning investors to capitalize on the area's rental housing fundamentals.
The property sits in a Tracy neighborhood that ranks 35th among 179 metro neighborhoods, earning an A- rating with strong fundamentals for multifamily investors. Built in 1972, this vintage aligns with the neighborhood average construction year of 1961, indicating established building stock that may present value-add renovation opportunities for investors focused on capital improvements and unit upgrades.
Neighborhood-level occupancy remains strong at 96.2%, ranking in the 78th percentile nationally and reflecting stable rental demand. The area maintains a 61.6% share of renter-occupied housing units, ranking in the 94th percentile nationally, which reinforces the depth of the rental market. Median contract rent of $1,474 has grown 36.7% over five years, though this remains below the broader 3-mile demographic area where median rent reaches $1,825.
Demographics within a 3-mile radius show a population of 67,640 with household income growth of 35.1% over five years to a current median of $105,495. Projections indicate continued population expansion to 71,190 by 2028, supporting an expanding renter pool. The area's amenity density supports tenant retention, with the neighborhood ranking in the 97th percentile nationally for grocery stores and pharmacies per square mile, though park access remains limited.
Home values in the neighborhood average $497,953 with 86.5% appreciation over five years, creating affordability pressure that can sustain rental demand as elevated ownership costs keep households in the rental market longer. The rent-to-income ratio suggests manageable affordability for tenants, supporting lease retention and renewal rates.
Crime data for this Tracy neighborhood is not currently available in the dataset, limiting the ability to provide specific safety comparisons against metro or national benchmarks. Investors should conduct independent due diligence on local crime trends and consider consulting municipal police reports or third-party safety analytics when evaluating this location.
The neighborhood's overall A- rating and top quartile ranking among 179 metro neighborhoods suggests generally positive livability factors, though safety-specific metrics would require additional research to validate tenant appeal and retention considerations.
The Tracy area benefits from proximity to major corporate employers within the broader Bay Area economic corridor, providing workforce housing opportunities for commuters and supporting rental demand stability.
- Clorox — consumer products (10.6 miles)
- Ross Stores — retail headquarters (25.2 miles) — HQ
- The Clorox Company — consumer products (26.3 miles)
- Chevron — energy headquarters (28.8 miles) — HQ
- Lam Research — semiconductor headquarters (34.2 miles) — HQ
This 48-unit Tracy property offers investors exposure to a neighborhood with above-average occupancy fundamentals and a substantial renter base. The 1972 construction year presents potential value-add opportunities through targeted renovations and unit improvements, while the neighborhood's 96.2% occupancy rate and 61.6% renter-occupied housing share provide stability indicators. According to CRE market data from WDSuite, the area's rental market depth ranks in the 94th percentile nationally, supporting consistent demand.
Demographics within 3 miles show projected population growth to 71,190 by 2028, expanding the potential tenant base, while median household income growth of 35.1% over five years suggests improving tenant quality. Home values averaging $497,953 with significant appreciation create affordability pressure that can sustain rental demand, though investors should monitor rent-to-income ratios for lease management considerations.
- Strong neighborhood occupancy at 96.2% with 94th percentile rental market depth nationally
- Value-add potential from 1972 vintage allowing for strategic renovations and upgrades
- Growing demographics with projected 5.2% population increase supporting expanding renter pool
- Proximity to major Bay Area employers providing workforce housing demand
- Risk consideration: Limited crime data requires additional due diligence on safety metrics