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$279,500
2,490 SqFt. ⋅ 226048548 MLS
Discover a rare investment opportunity on a spacious 5-acre parcel featuring four established rental homes that are currently occupied and generating income. This property delivers immediate cash flow while offering significant upside through targeted improvements and development potential. The four homes provide much-needed affordable housing in the area, attracting reliable tenants and creating a built-in demand for these practical, no-frills residences. While the units would benefit from cosmetic and functional updates (a classic value-add project), they are fully functional and continue to perform as solid rental producers. Rental income varies with market conditions and tenant turnover, but the portfolio has demonstrated consistent occupancy and long-term tenant retention. A standout feature is the existing foundation of a small burned unit, offering a straightforward path to rebuild and restore an additional dwelling. Combined with the possibility of developing one more unit on the expansive grounds (subject to local zoning and approvals), this property has clear potential to expand to five income streamsdramatically increasing net operating income for the savvy investor. Additional property highlights include: Shared well system with electricity paid by the owner and billed back to tenantsproviding a simple, transparent utility arrangement that keeps operations straightforward. Ample acreage for privacy, future expansion, outbuildings, or added amenities that could further boost appeal and rents.Strong investor appeal in a market hungry for affordable rental housing with room to scale. Whether you're looking to stabilize and grow an existing rental portfolio, undertake a value-add renovation for higher rents, or capitalize on the extra-unit potential, this 5-acre gem checks all the boxes for long-term cash flow and appreciation. The current setup delivers hands-off income today while the land and extra foundation unlock tomorrow's growth. Ideal for investors, developers, or owner-operators seeking a turnkey income producer with built-in upside. Serious inquiries onlyproof of funds requested. Contact agent today for detailed financials, rent rolls, and a private showing. Don't miss this chance to own a piece of scalable, affordable housing real estate on prime acreage!

27 Ridge Road, Mokelumne Hill

Listing courtesy of Big Trees Real Estate.

$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.

$377,000
776 SqFt. ⋅ 226045539 MLS
Unique opportunity to own two homes on one lot. 5130 Mascot Ave is 1 bed 1 bath with fenced front and backyard. 3871 26th Ave is 2 bedroom 1 bath with carport and detached storage building. Great for investor or owner occupied with rental income.

5130 Mascot Avenue, Sacramento

Listing courtesy of Advance Real Estate Management.

$874,900
2,100 SqFt. ⋅ 226044988 MLS
Turn-Key Investment Opportunity & Modern Dual-Unit with a 3Bed/2Bath & 2Bed/2Bath Unit. Great for Airbnb or Long-Term Rental. Looking to expand your portfolio with a high-yield, plug-and-play asset? This fully renovated duplex is a short-term rental (STR) dream, blending sleek modern aesthetics with sustainable tech and a location that captures every type of traveler; from sports fans to outdoor enthusiasts. The Property Highlights: Fully Renovated & Turn-Key: Every inch has been updated. Sold fully furnished and ready to generate income on day 1. Modern Finishes: Contemporary interiors featuring new appliances and upgraded mechanical equipment for low-maintenance ownership. Sustainable Power: The larger unit features owned solar, drastically reducing overhead and increasing your net margins. Versatile Floor Plans: Designed for the modern traveler. These spaces cater perfectly to vacationing families or work-from-home staycations. Private Outdoor Living: Both units are fully fenced with private rear yards perfect for guest BBQing, entertaining, or relaxing under the sun. Strategic Location: High Demand, High Occupancy. This property sits at the heart of the action, drawing a diverse crowd of visitors year-round: Nearby Activities: Lake Tahoe for Biking, Hiking, Boating & Skiing, Golden 1 Center, The DOCO, Professional Baseball & Basketball, plus the upcoming Sac Republic Soccer 20K Stadium Stadium. Urban Perks: Minutes from Downtown Sacramento's premier dining, nightlife, and shopping. With off-street parking, private outdoor spaces, and a location that sells itself, this duplex isn't just a property, it's a high-performance business. Whether you are a seasoned operator or looking for your first major STR win, this is the asset you've been waiting for. Don't miss out on one of Sacramento's most versatile income-producing business'. Sacramento is ranked #9 across the nation for best cities for Air B n B Rental Income according to MASHVISOR.

1701 Rockrose Road, West Sacramento

Listing courtesy of Realty Of America.

$699,000
2,270 SqFt. ⋅ 226041447 MLS
Discover a rare opportunity in the heart of historic Nevada City. This inviting duplex blends classic character with thoughtful updates and exceptional versatility. Each unit has its own entrance and separate meters, making it ideal for owner occupants, multi generational living, or investors seeking strong rental income. Recent improvements elevate the home's comfort and value, including new carpet and fresh interior paint in one unit, a new roof, updated electrical, copper plumbing, and updated windows. These upgrades complement the property's original charm while offering peace of mind for years to come. A standout feature is the large, welcoming front porch, perfect for relaxing, gathering, and enjoying the ambiance of this beloved Gold Rush town. The property also features a generous backyard with ample room for gardening, outdoor dining, or play. A basement with expansion potential provides additional space for storage, workshops, or future development. Both units retain the warmth and personality that define Nevada City's historic homes, while the layout provides comfort, ease, and flexibility. Live in one unit and rent the other, create a family compound, or hold as a long term investment, this property adapts beautifully to your needs. Enjoy effortless access to Nevada City's vibrant year round events, including street fairs, parades, live performances, and a thriving dining and shopping scene. Scenic trails, the Yuba River, and abundant outdoor recreation are also just minutes away. A charming, updated, and flexible property in one of California's most celebrated small towns come experience 215 Nevada Street today.

215 Nevada, Nevada City

Listing courtesy of Crosby Real Estate.

$1,250,000
1,650 SqFt. ⋅ 226038165 MLS
Welcome to Mansion Flats, a rare opportunity to own a classic 1890 Victorian duplex in the heart of Downtown Sacramento. This 1,700 sq ft front duplex blends historic charm with modern updates, including updated plumbing and electrical, fresh interior and exterior paint, and newly built, permitted wood stairs brought up to code. The downstairs unit has been fully renovated with new flooring, paint, and appliances, while the upstairs unit is occupied by great tenants, providing immediate income. In addition, a newly completed 930 sq ft ADU (March 2026) adds two more units, each offering 1 bedroom and 1 bathroom, significantly increasing the property's income potential. Located just minutes from the Capitol, DOCO, top restaurants, parks, and entertainment, this property offers strong cash flow potential and an unbeatable urban lifestyle. Ideal for investors or owner-occupants looking to offset their mortgage with multiple income streams. Unit 1,226 $2195 per month and the upstairs $1417 will increase to $1525 on June 1st. Downstairs ADU $1850 per month and upstairs is vacant.

1226 E Street, Sacramento

Listing courtesy of eXp Realty of California Inc..

$6,400,000
8,539 SqFt. ⋅ 326022136 MLS
A rare opportunity to own an exceptional lakefront estate, designed as a private family compound and resort-style retreat. With 500 feet of shoreline, this entertainer's paradise offers two docks, a boat launch, mini golf, in-ground trampolines, and a bocce ball court. The 4,500sf main residence features upscale finishes, a gourmet kitchen with retractable glass doors leading to an expansive lakeview deck, a private 16 seat movie theater, and wine cellar. Nestled among mature trees, seven custom cottages encircle a peaceful stream that flows into a private soaking pool. A commercial-sized pool and pavilion with an outdoor kitchen, bar, and full-service setup can host up to 250 guests. Expand capacity with the lakefront gazebo and commercial state-of-the-art kitchen. Additional lodging includes a lakefront duplex, loft above the commercial kitchen, and a secluded guest house. For added potential, reinstate the 61-site RV campground to create a unique glamping destination. With unmatched amenities and endless possibilities, this is luxury lakefront living at its finest.

6420 Soda Bay Road, Kelseyville

Listing courtesy of GUIDE Real Estate.

$449,900
2,358 SqFt. ⋅ 226031714 MLS
Excellent opportunity to own a multi-unit live-in one, and rent the other 2 units. Perfect for investment, recently renovated, Easy access to I5 great for commuters. close to dining, entertainment. and, transportation.

521 N Van Buren Street, Stockton

Listing courtesy of Premier Homes & Loans Inc..

$399,000
1,548 SqFt. ⋅ 226026010 MLS
Lifestyle meets opportunity in this versatile duplex, blending modern updates with a true NorCal way of life. Imagine mornings walking to local cafe, afternoons exploring nearby trails, and weekends whisking away to wine country, Lake Tahoe, or the Bay Area, all with major highways and public transit just minutes away. Here, convenience, community, and adventure are right outside your door. Perfect for multigenerational living, rental income, or a spacious single-family conversion, this thoughtfully updated property offers flexibility for every stage of life. Unit A features a remodeled kitchen with hickory cabinets, Corian counters, newer gas stove, built-in microwave, stackable washer/dryer, and an updated bathroom. Unit B offers newer counters, an updated bath, laminate floors, and a large fenced yard ideal for pets, play, or entertaining. Recent improvements include new fencing and living room windows, adding peace of mind and long-term value. Whether you're seeking a smart investment, a place to plant roots, or a home that grows with you, this duplex delivers the perfect balance of lifestyle, location, and opportunity.

2960 Back Pack Trail, Pollock Pines

Listing courtesy of Onyx Real Estate.

$392,000
1,884 SqFt. ⋅ 226027904 MLS
Motived Seller -- Appraised at $450K, Value priced to account for repairs. Nice duplex on a quite court, New Roof 2025, Recently painted and some updating. Each Unit is a 2 bedroom, 2 bath with yards and 1 car garage. Live in one and rent the other. Conveniently located near shopping and schools

42 Martinique Court, Stockton

Listing courtesy of New Centuri Realty.

$749,888
3,665 SqFt. ⋅ 226021710 MLS
Rare Multi-Family Investment Opportunity sitting on nearly a 1/2 acre with approved plans to build another ADU! Annual rent revenue of over $76,000 per year. Four Income producing rentals across 3 buildings, plus Three detached support structures (Garage, Laundry, Storage). The package includes a standalone renovated 3-Bed/1 Bath unit, a stand alone 2 bed/1 bath and a duplex featuring a 1 bed/1 bath and a 2 bed/1 bath. Recently upgraded property including a new roof. Conveniently located minutes from shopping, grocery, hwy 80 and local schools, this property is well positioned for consistent tenant demand. Efficiently configured for low-complexity management with upside through rent optimization and laundry income. At asking, this asset offers a compelling return with a projected cap rate of over 9% - Ideal for investors and 1031 exchange buyers.

921 Rivera Drive, Sacramento

Listing courtesy of ERA Carlile Realty Group.

$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.

$510,000
1,988 SqFt. ⋅ 226011369 MLS
Opportunity filled 2-Unit Duplex - Ideal Investment or Live-In possibilities! This duplex features 2 bed, 1 bath units. One unit has been fully remodeled with new A/c Unit, Kitchen Appliances, Tile, and paint. The second unit offers great potential with solid bones and long-term rental history. Perfect for investors or homeowners looking for rental income. Don't miss this versatile property!

604 Fort Sumpter Drive, Modesto

Listing courtesy of eXp Realty of California Inc..

$2,465,000
5,052 SqFt. ⋅ 226007415 MLS
An exceptional downtown Nevada City mixed-use opportunity! This beautifully remodeled and custom finished property sits in the heart of downtown and offers flexible commercial and residential zoning, making it ideal for owner-users, investors, or live/work lifestyles. The main level offers an expansive residential layout with five bedrooms, three full baths, a spacious game/media room, an attached garage, and abundant off-street parking, along with a dedicated commercial office space providing excellent downtown exposure. Attention to detail is evident throughout, featuring polished concrete flooring, steel-wrapped accents, leathered natural stone countertops, a linear gas fireplace, surround sound, custom cabinetry, and thoughtfully integrated lighting that creates a truly inviting ambiance. The living room opens to a private patio featuring a jacuzzi, sauna, cold plunge, outdoor shower, and a tranquil rock waterfall. The lower level features two income-producing rentals, a studio and a one-bedroom, both offering beautifully remodeled interiors with custom finishes. Each unit has private access and parking, while the one-bedroom also includes a private patio, small office space, and in-unit washer and dryer, providing strong rental income and excellent flexibility.

224 Church Street, Nevada City

Listing courtesy of Re/Max Gold.

$598,000
3,000 SqFt. ⋅ 226003363 MLS
Welcome to Stockton's biggest opportunity! 8603-8609 Acapulco Way is a recently remodeled triplex priced at $620,000, featuring three spacious 2-bedroom, 1-bath units. Situated in the heart of North Stockton, this income-producing property offers both comfort and convenience. Each unit provides practical layouts with strong rental appeal, making it ideal for investors. The location offers quick access to parks, shopping, dining, and everyday essentials. Don't miss your chance to own this prime investment. Schedule your showing today!

8609 Acapulco Way, Stockton

Listing courtesy of Keller Williams Realty.

$649,900
1,620 SqFt. ⋅ 225146349 MLS
Incredible Opportunity - Rolling Hills Mobile Home Park is available to make your dreams come true! The versatile property nestled in a peaceful rural country setting surrounded by trees,open pastures & endless potential INCLUDES 2 PARCELS! The main parcel offers 5.2 acres,2nd parcel#030-080-009-000 is a.73-acre parcel providing a total of 5.93 acres of space & opportunity. At the main focus of the property in Space #1 is a beautiful & spacious 1,620 sq.ft. 2004 modular home, featuring 3 beds,2 baths,high ceilings,open,airy layout. The home includes a large deck with stunning viewsperfect for relaxing or entertaining. This 6 unit park features 5 spaces, three of which come with existing mobile homes, & two more spaces. While these additional units may need some updating and vision, they offer strong income potential for the right buyer. Park is served by county approved well water system and advanced designed septic system,2 propane tanks and electric. Separate electric meters at each unit. Detached laundry room onsite for tenants. Zoning may allow for expansion of up to 28 total spaces (buyer to verify with county) making this a rare chance to create or grow a profitable mobile home park,Family compound, Equestrian Airbnb,or investment for expansion

22115 Pleasant Valley Road, North San Juan

Listing courtesy of 1st Choice Realty & Associates.

$550,000
1,888 SqFt. ⋅ 225144893 MLS
Back on the market at no fault to the seller or property. Welcome to 5351-5349 Whittier Dr. in Sacramento, a well-updated corner-lot duplex offering an exceptional investment opportunity or flexible multi-family living. Both units feature fresh interior and exterior paint, private gated entrances, and separate SMUD meters ideal for maximizing rental income and minimizing shared expenses. The larger unit (5351) offers 3 bedrooms, 2 bathrooms, 1,256 square feet of living space, and an attached garage. Its upgrades include a bright kitchen with quartz countertops and white cabinetry, a cozy fireplace, dual-pane windows, a composition roof, an updated HVAC system with ducts, modern bathrooms, and a mix of tile and luxury vinyl plank flooring. The second unit (5349) provides 696 square feet of thoughtfully designed space with an open, contemporary kitchen, LVP flooring, a mini-split HVAC system, a large walk-in closet, in-unit laundry, spacious bathroom, and charming open-beam ceilings. Located near UC Davis Medical Center, Sacramento State, shopping, public transportation, and freeway access, this property offers strong rental potential in a high-demand area. A rare chance to own a turnkey duplex in a prime location don't miss it.

5351 Whittier Drive, Sacramento

Listing courtesy of Keller Williams Realty.

$1,750,000
7,591 SqFt. ⋅ 225139386 MLS
Step back in time on this 5.5-acre historic estate in Applegate, once known as Walmond, the Sierra Resort.'' Built as a retreat for San Francisco families in the late 1800s, the property includes 8 homes, with 2 larger residences and 6 cabins. Some of the cabins date back to the 1890s. The main house, approximately 3,700 sqft with 6+ bedrooms and 4.5 baths, was built around 1906. It was thoughtfully restored, and features a beautiful kitchen, virgin growth redwood, and period details throughout. It captures the grace of another era while offering modern comfort, making it the centerpiece for the estate. The second home offers 3 bedrooms and 2 bathrooms, recently renovated and used as the owners' private residence. The remaining 6 free-standing cabins are 1 bedroom/bathroom. Infrastructure includes an RV hookup, 2 septic tanks, an owned propane tank, productive wells, and 1 miner's inch of irrigation water. Opportunities to own a piece of California's early resort history are exceedingly rare. This Applegate estate offers both a connection to the past and a canvas for the futurewhether as a family haven, an income-generating property, or a one-of-a-kind retreat in the in the Sierra foothills.

790 Pine Knoll Road, Applegate

Listing courtesy of Compass.

$2,750,000
225125423 MLS
Introducing The Pines Senior Mobile Home Park, a premier 55+ community located in the charming town of Grass Valley, CA. This unique and lucrative 28-space property, spread over 2.86 acres, offers a rare opportunity to acquire, income-producing asset in a desirable and stable market. Consists of 28 total spaces, including 21 mobile home spaces and 7 homes; 83% Occupancy with reliable income stream. City Utilities, water, and trash are pass-through to tenants; P.G.&E. natural gas and electric are direct billed. Zoning R1-1.5 in a desirable location only 5 minutes to historic downtown Grass Valley, near major freeways and Nevada County transit routes and schools. Seller Financing Available. NOI: $198,113 Cap Rate: 7.2%, GRM: 10.30. With a stable tenant base and excellent market fundamentals, The Pines Senior Mobile Home Park represents a turnkey investment with strong cash flow. The combination of a 83% occupied, senior-only community and the availability of attractive seller financing make this property an exceptional choice for investors seeking dependable income and long-term appreciation. CNDA required.

10530 Walker, Grass Valley

Listing courtesy of Two Feathers Realty.

$659,900
2,090 SqFt. ⋅ 224029042 MLS
Look at this opportunity to own two homes with 2 car garages close to town. Weather you are looking for an investment property or a home with some rental income these units will fit the need. Don't miss out on this one

1474 Smith Road, Yuba City

Listing courtesy of Coldwell Banker Associated Brokers.

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