Benicia Homes with 5 or More Units Property Subtype

Welcome to Benicia, California – a hidden gem nestled along the picturesque shores of the San Francisco Bay in Solano County. Known for its stunning waterfront views and rich historical charm, Benicia offers a unique blend of small-town warmth and modern conveniences. With its vibrant arts scene, delightful local shops, and an array of outdoor activities, it’s no wonder that this city is becoming a sought-after destination for families and investors alike.

One of the most appealing aspects of Benicia is its diverse real estate market, particularly for those interested in multi-family properties. Homes with five or more units present a remarkable investment opportunity in this thriving community. These properties not only provide a steady income stream but also allow investors to tap into a market characterized by a strong demand for rental housing. The city's strategic location, just a short drive from major urban centers like San Francisco and Sacramento, makes it an attractive option for renters seeking a balance between suburban tranquility and urban accessibility.

Benicia’s commitment to preserving its historical heritage is evident in its charming downtown area, where you’ll find beautifully maintained Victorian homes alongside modern amenities. Residents enjoy a strong sense of community, with numerous parks, schools, and recreational facilities that cater to all ages. Whether you’re looking to invest in a multi-family property or find your forever home, Benicia’s unique offerings and welcoming atmosphere make it an ideal choice. Explore the possibilities that await you in this enchanting city, where opportunity and charm meet.

Newest Benicia Homes with 5 or More Units Property Subtype

$3,550,000

9,744 SqFt. ⋅ 326078848 MLS

Driftwood Apartments presents the opportunity to acquire a well-maintained 13-unit multifamily property in the desirable waterfront community of Benicia. The property consists of twelve two-bedroom, one-bath units and one standalone studio cottage, offering an attractive unit mix with a strong history of tenant performance and ongoing property improvements. Ownership has consistently reinvested in the property over the years, with units upgraded as they turn over and numerous improvements made to the buildings and site. Notable improvements include an engineered site drainage system, protective roof coatings on two buildings, and regular parking lot sealing and striping approximately every five to six years. The property also features mature landscaping and well-maintained common areas. Each building is equipped with a washer and dryer (owned) and a 75-gallon hot water heater. Additional property features include separately metered units, covered assigned parking, and a dedicated storage unit for each residence, providing conveniences that are attractive to tenants and help differentiate the property within the local rental market. Driftwood Apartments benefits from a stable existing tenant base, with all tenants currently paying on time and no outstanding collections or tenant balances owed. The combination of consistent ownership maintenance, upgraded units, covered parking, storage, mature landscaping, and a desirable Benicia location provides an investor with a well-positioned multifamily asset offering durable in-place income.

510 East N Street, Benicia

Listing courtesy of North Valley Real Estate Advisors.

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