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$715,000
2,336 SqFt. 226036269 MLS
Major Price Improvement Now Offered at $715,000! Bring your vision and unlock the potential of this historic 1900 triplex in Sacramento's sought-after Mansion Flats neighborhood. Now fully occupied and generating $4,470 per month / $53,640 annually in gross rental income, this value-add opportunity is ideal for investors, contractors, or 1031 exchange buyers looking for immediate income with future upside. Current rents are Unit A: $1,425/month, Unit B: $1,050/month, and Unit C: $1,995/month. Original built-ins, high ceilings and vintage architectural details provide the foundation for a thoughtful restoration, while future improvements offer an opportunity to enhance the property's long-term value. Located just minutes from the Railyards, Sacramento State's new downtown campus, the State Capitol, restaurants and entertainment, this property offers a compelling combination of location, character and income potential. Whether you're looking to renovate, reposition or hold as a long-term investment, this fully occupied triplex presents a unique opportunity in Sacramento's central city.

1505 E Street, Sacramento

Listing courtesy of Windermere Signature Properties Downtown.

$619,970
1,982 SqFt. 226040021 MLS
INVESTOR OPPORTUNITY 3 UNITS + LAND WEST ROSEVILLE. Own the mobile home AND the land, plus TWO newer 2-bedroom ADUs! This unique West Roseville property offers 3 income-producing units with a pro forma gross rental income of $8,610/month ($103,320/year). Located in desirable Sabre City, where mobile homeowners own the land, this property offers investors a rare opportunity to acquire a multi-unit property with immediate income and potential upside. The front unit is an 880 sq ft, 2-bedroom, 1-bath mobile home that has been recently remodeled and is currently vacant and ready for immediate occupancy or lease-up. Updates include a renovated kitchen and bathroom, new flooring, fresh interior and exterior paint, and modern light fixtures. Additional features include a covered carport and covered patio. Estimated fair-market rent: $2,870/month. At the rear is a 2021-built two-story duplex ADU, with two additional 2-bedroom units. Each unit is approximately 600 sq ft and features a modern, efficient floor plan with white shaker cabinets, laminate countertops, vinyl plank flooring, and all-electric appliances/systems. Both ADUs are currently tenant occupied on month-to-month leases, providing immediate rental income while maintaining flexibility for the future. INVESTMENT HIGHLIGHTS: 3 total 2-bedroom units 2,080 sq ft combined living area Two ADUs built in 2021 Front unit vacant and ready to lease Two units currently producing rental income $8,610/month pro forma gross rent $103,320/year pro forma gross rent OWN THE LAND NO SPACE RENT Low-maintenance property with multiple income streams Ideal for investors seeking rental income, portfolio growth, or an owner-occupant looking to live in one unit while renting the others.

402 Colin Kelly Drive, Roseville

Listing courtesy of eXp Realty of California Inc..

$999,999
3,683 SqFt. 226037979 MLS
RARE OPPORTUNITY! Take advantage of this 3-unit income producing 6 Bedrooms, 6 Full Bath, 3 Half Bath TRIPLEX with Prime Location. Endless opportunities on this Multi Family property! Units are 3661, 3663, 3665. NO HOA, ALL units have fireplaces, Inside laundry Room, and 2 car garage for each unit, On cul-de-sac lot, with schools, shopping, and CSUS nearby. These properties don't come up very often so don't miss your chance!! ALL units are 2 Bedrooms with 2.5 baths. approximately 1227 Sq Ft each, Two story units each with a 2 Car Garage and private yard space. Each unit has its own Balcony off Primary bedroom, Private Patio, each bedroom has its own bathroom with guest half bath downstairs. New exterior paint, New quartz counters throughout, new appliances, new yard fencing, gutters, new balconies. One vacant unit perfect for Owner while remaining 2 units have long term tenants on month-to-month leases offering the new owner revenue growth opportunity. Perfect for seasoned or first-time investors looking for rental income.

3661 La Mancha Place, Turlock

Listing courtesy of Powerhouse Realty.

$695,000
2,298 SqFt. 226036913 MLS
Welcome to the heart of Midtown Sacramento! Prime Midtown Victorian Historic Charm & Investment opportunity. This centrally located property offers unbeatable walkability and bike access to the city's top restaurants, shops, and entertainment. Just blocks from the State Capitol, this location is ideal for anyone seeking vibrant urban living. Owned and maintained by the same owners for over 40 years, this classic Victorian retains its original character throughout, featuring: crown molding, hardwood floors, built-in cabinetry, authentic pocket doors and detailed craftsman woodwork. Whether you're looking to restore a historic home or generate rental income, this property offers strong long-term value in one of Sacramento's most desirable and high-demand neighborhoods. Midtown is one of Sacramento's most unique neighborhoods, known for its vibrant culture and historic architecture, The property's location places it within easy reach of public transit, major employment centers, and the city's best amenities making it a prime candidate for long-term appreciation and consistent rental income.

1214 23rd Street, Sacramento

Listing courtesy of Amy M. Pickart, Broker.

$995,000
1,856 SqFt. 226035867 MLS
Turn-key downtown Auburn triplex with strong income potential and fully modernized systems. Located in the heart of downtown Auburn, 124, 126 & 128 Oakwood Drive offer a rare opportunity to acquire a fully reimagined multi-unit property in a highly walkable, high-demand rental location. Originally a commercial office building, this property has been thoughtfully converted into three residential units with permits and final approvals, featuring a desirable unit mix: one spacious 2-bedroom, 2-bathroom unit on the lower level and two 1-bedroom, 1-bathroom units upstairs. This flexible layout appeals to both investors and owner-occupants seeking a live-and-income opportunity. The property has undergone a comprehensive, high-quality renovation with major system upgrades throughout. Improvements include new plumbing, upgraded electrical, a new roof, new energy-efficient windows and doors, new HVAC systems for each unit, new water heaters, updated insulation, drywall, and flooring, along with exterior enhancements such as landscaping, walkways, and access improvements. As part of the permitted conversion, the property was upgraded with a residential fire sprinkler system (NFPA 13R) and enhanced utility infrastructure, supporting modern safety standards and long-term reliability. The upstairs flooring structure has been thoughtfully upgraded using enhanced sound-reducing construction methods, including insulation and sound-dampening materials, to help minimize noise transfer between levels. Each unit is equipped with brand-new appliances and updated finishes, minimizing near-term capital expenses and ongoing maintenance. Off-street parking is available, providing added convenience for tenants. Situated just moments from Auburn's shops, dining, and local amenities, the location supports strong rental demand and long-term value. This is an exceptional opportunity for an investor seeking a low-maintenance, income-producing property with modernized systems, strong rental appeal, and upside potential in a desirable foothill market.

128 Oakwood Drive, Auburn

Listing courtesy of eXp Realty of Northern California, Inc..

$795,000
3,864 SqFt. 226032251 MLS
Excellent investment opportunity in the heart of downtown Murphys! This well-located triplex offers versatility, income potential, and unbeatable conveniencejust a short walking distance to Main Street, renowned for its restaurants, wine tasting rooms, and charming shops. The property features three units: Two spacious two-story units, each offering 2 bedrooms and 2.5 bathrooms, one single-story unit with 2 bedrooms and 1.5 bathrooms ideal for investors or owner-occupants, this property provides multiple income streams and flexibility. Live in one unit while renting the others or maximize returns with long-term tenants or short-term vacation rentals (Airbnb potential). Situated in a prime location with high demand, this is a rare opportunity to own a multi-unit property in one of the Sierra Foothills' most desirable destinations. Whether you're looking to invest, generate income, or enjoy downtown Murphys living this property checks all the boxes! With endless outdoor recreation in Calaveras County including hiking, fishing, skiing, and more this is an ideal location for both full-time living or a vacation retreat. Several photos AI virtually staged - https://joanirish.sites.c21.homes/

494 Surrey Court, Murphys

Listing courtesy of Century 21 Sierra Properties.

$1,275,000
2,859 SqFt. 226027672 MLS
Triplex in Curtis Park! This spacious 9-bedroom, 7-bathroom property at 2657 2nd Ave in Sacramento offers a rare opportunity in one of the city's historic neighborhoods. The main unit features 5 bedrooms and 3 bathrooms, including a convenient downstairs bedroom and bath, ideal for guests, extended family, or a home office. Two additional units each offer 2 bedrooms and 2 bathrooms, approximately 740 sq ft, with comfortable and functional layouts. This beautifully updated property showcases new cabinetry, quartz countertops, stylish lighting, durable vinyl flooring, and updated appliances throughout. Exterior features include a private backyard, off-street parking, and R4 zoning, providing flexibility and long-term potential. With one unit already rented, income has begun while still allowing opportunity for additional rental income or owner occupancy. Located just minutes from local shops, dining, and the iconic Gunther's Ice Cream, this property offers style, versatility, and strong income potential.

2657 2nd Avenue, Sacramento

Listing courtesy of Realty ONE Group Complete.

$899,000
226012057 MLS
A truly unique opportunity to acquire a versatile rural investment property featuring three separate single-family residences on one approximately 28.7-acre parcel, offering in-place rental income, additional income potential, and long-term flexibilityall within A-1 Agricultural zoning. The property includes three individual 3-bedroom, 2-bath homes, each approximately 1,224 sq ft with an attached two-car garage. Each residence is separately served by its own private domestic well, private septic system, and individual propane tank. Two of the three residences are currently rented month-to-month to long-term tenants at $1,500 and $1,600 per month, generating $3,100 in current monthly rental income. The third residence is currently vacant, providing an opportunity for additional rental income or potential owner occupancy. The seller reports that the three-home configuration is a legal, conforming agricultural use and that the residences were constructed with permits. Buyer to independently verify permits, zoning, allowable uses, and all other property information. Beyond the residences, the property offers substantial open acreage suitable for a variety of agricultural, livestock, recreational, or other uses permitted by the applicable zoning. A separate agricultural well is located on the property; however, the well is currently not equipped with a pump or power. Buyer to independently investigate and verify the condition, capacity, feasibility of use, groundwater availability, and requirements to make the agricultural well operational. Whether you're an investor seeking rental income with additional upside, a buyer looking for a multi-home family compound, or someone seeking residences combined with substantial acreage, this property offers a distinctive combination of income potential, land, and flexibility. Buyers may also consider a second nearby offering: a private, gated country estate spanning nearly 39 acres and featuring multiple dwellings, luxury amenities, equestrian infrastructure, and agricultural land. For purchasers seeking a larger compound, expanded agricultural footprint, or multi-property investment portfolio, both properties may be available for purchase together. Inquire for additional information regarding a potential combined acquisition.

4449 Clausen Road, Le Grand

Listing courtesy of Zuffalo Real Estate.

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .

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