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Manchester Townhomes 4304 Manchester Ave 38 Unit Apartment Building $4,975,000 ($130,921/Unit) Stockton, CA 95207
Investment Highlights
- Comprised Entirely of Large 1000 Square Foot Townhomes
- Desirable Stockton Location - Minutes to University of The Pacific and Major Retailers
- Significant Value-Add Opportunity- $300/Month Rental Upside
Executive Summary
The DeLoney Group of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Manchester Townhomes, a 38-unit apartment community located in Stockton, California. The property consists entirely of spacious two-bedroom townhome-style floor plans averaging approximately 1,000 square feet. Manchester Townhomes represents a compelling value-add investment opportunity with significant rental upside. Current ownership has maintained stable occupancy while keeping rents below market levels, providing an investor the ability to increase income through strategic interior renovations, operational efficiencies, and implementation of market-rate rents over time. The large townhome-style layouts and attractive unit mix position the property well against competing apartment inventory in the Stockton market, where oversized two-bedroom units remain limited in supply. Strategically located in the heart of Stockton, the property benefits from proximity to major commuter corridors, retail amenities, schools, and employment centers throughout the Central Valley. Stockton continues to attract residents seeking relative housing affordability compared to the Bay Area and Sacramento regions, driving sustained rental demand and long-term population growth trends. With strong in-place cash flow, substantial rental upside, and a highly functional unit mix, Manchester Townhomes offers investors the opportunity to acquire a scalable multifamily asset with both immediate income and long-term appreciation potential.
Property Facts
| Price | $4,975,000 | Building Class | C |
| Price Per Unit | $130,921 | Lot Size | 1.41 AC |
| Sale Type | Investment | Building Size | 39,280 SF |
| No. Units | 38 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.03/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3, Stockton | ||
| Price | $4,975,000 |
| Price Per Unit | $130,921 |
| Sale Type | Investment |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.41 AC |
| Building Size | 39,280 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.03/1,000 SF |
| Zoning | R-3, Stockton |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 38 | - | 965 - 1,033 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 110-220-09 | Improvements Assessment | $2,130,950 |
| Land Assessment | $947,037 | Total Assessment | $3,077,987 |
Property Taxes
Parcel Number
110-220-09
Land Assessment
$947,037
Improvements Assessment
$2,130,950
Total Assessment
$3,077,987
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Manchester Townhomes | 4304 Manchester Ave
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