Refine Search
Map
Sort by
$650,000
3,002 SqFt. ⋅ 226038701 MLS
Back on market no fault to seller Don't miss this versatile 5-unit income property ideally located just off the freeway in the growing city of Merced. Featuring four 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, this property offers a desirable unit mix with strong rental appeal. All units have been fully remodeled, offering modern finishes that attract quality tenants and reduce immediate maintenance costs. The property also features private, secured entry with fencing, providing added privacy and peace of mind for residents. Two units are currently vacant and ready for immediate occupancy or rental, giving you the opportunity to set market rents from day one. Perfect for both seasoned and first-time investorslive in one unit and rent out the others to offset your mortgage, or fully lease the property for maximum cash flow. With convenient freeway access, this location is ideal for commuters, making it a highly desirable rental location. Endless possibilities expand your portfolio, generate passive income, or house hack your way into real estate investing.

72 E 12th Street, Merced

Listing courtesy of EXIT Realty Consultants.

$795,000
226036927 MLS
Welcome to the Heart of Midtown Sacramento Discover timeless elegance and unbeatable location with this Prime Midtown Victorian, a rare gem offering both historic charm and exceptional investment opportunity. Situated just blocks from the State Capitol, this centrally located property boasts unparalleled walkability and bike access to Sacramento's finest restaurants, boutiques, and entertainment venues. Midtown is celebrated for its vibrant culture, tree lined streets, and rich architectural heritage making it one of the city's most sought-after neighborhoods. With classic character this property has been owned and maintained by the same owners for over 40 years, this Victorian home retains its original charm with features such as: Gleaming hardwood floors, built-in cabinetry, authentic pocket doors and intricate woodwork throughout. Recent upgrades include a newer roof and fresh exterior paint, ensuring both beauty and durability. Endless Possibilities Whether you're dreaming of restoring a historic residence, generating rental income, this property offers versatile potential and strong long-term value. Its proximity to public transit, major employment hubs, and top-tier amenities makes it a prime candidate for consistent appreciation and reliable returns.

1212 23rd, Sacramento

Listing courtesy of Amy M. Pickart, Broker.

$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..

$1,200,000
8,423 SqFt. ⋅ 226032743 MLS
This property features a duplex plus two distressed homes in need of full repair, all included in the sale. It is being sold together with APN 003-020-036-000, which includes a 1-bedroom, 1-bath, 855 sq. ft. home and an additional 1-bedroom detached studioall on approximately 4.31 acres at no extra cost to the buyer. This is an exceptional investment opportunity offering over 40 combined acres, 3 existing units, and the potential to add 2 more units. Perfect for investors seeking rental income and long-term growth.

11716 State Highway 70, Marysville

Listing courtesy of Lifestyle Realty.

$950,000
5,432 SqFt. ⋅ 226028224 MLS
6 unit apartment complex fully occupied. Townhouse style with living room, half bath and kitchen downstairs. 2 bedrooms and full bath upstairs. Each unit has their own patio area and covered parking in alley. Several long-term tenants in place

427 E Locust, Lodi

Listing courtesy of Guild Real Estate.

$589,000
2,000 SqFt. ⋅ 226025478 MLS
Excellent value-add opportunity in a submarket with very strong occupancy. Four 1BEDROOM/1BATHROOM UNITS with month to month tenants, 100% OCCUPIED. Purchase as an owner / user, FHA or low down payment program. Low maintenance property with extreme upside in rents.

3836 43rd Avenue, Sacramento

Listing courtesy of Collier's International.

$1,095,000
4,000 SqFt. ⋅ 226025467 MLS
2 SEPERATE 4PLEXES ON CONTIGUOUS PARCELS. 8 Units total. Great opportunity to purchase 8 units with a residential loan on each separate parcel. Parking on site with plenty of vacant land behind the buildings for a possible ADU project. Each unit is a 1bed/bathroom unit. Currently 1 Vacant unit and potentially another coming up for any FHA or VA buyers.

3445 Altos Avenue, Sacramento

Listing courtesy of Collier's International.

$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.

$729,999
4,615 SqFt. ⋅ 226027384 MLS
RARE opportunity to own a well-maintained, income-producing four-plex in one of Stockton's most desirable and walkable neighborhoods. Just moments from Miracle Mile, Downtown Stockton, and the University of the Pacific (UOP). Multi-family properties with four units are becoming increasingly difficult to find, making this an exceptional opportunity for investors or owner-occupants seeking long-term value and stable cash flow. Blending timeless 1920s character with thoughtful modern updates, this charming property offers both strong investment fundamentals and an appealing lifestyle for tenants. Residents enjoy being within walking distance to an exciting mix of local restaurants featuring Japanese, Laotian, Thai, Chinese, Korean, Greek, Hispanic, and classic American cuisine, along with boutique shopping, coffee houses, breweries, ice cream shops, and vibrant neighborhood amenities. The fully occupied property features four spacious units with functional layouts designed for comfortable everyday living. The two upstairs units are occupied by long-term tenants and offer generous living spaces with separate living and family rooms, spacious kitchens, and classic architectural charm. The two downstairs units have been tastefully updated with modern finishes while preserving the property's original character. Unit 1617 is a beautifully renovated two-bedroom unit featuring a modernized kitchen and bathroom, updated flooring, contemporary lighting, and refreshed finishes throughout. Unit 1623 offers a spacious two-bedroom layout with newer flooring, countertops, appliances, updated lighting and ceiling fans, plus a cozy bedroom fireplace that adds warmth and charm. Both downstairs units enjoy access to a welcoming covered front porch, enhancing curb appeal and outdoor living space. Generating approximately $5,432 in monthly rental income and $65,184 annually, this property offers immediate cash flow with future upside potential. Priced at $729,999 with an attractive GRM of approximately 11.20% and estimate cap rate 6% to 6.5%, this investment presents a compelling opportunity in a highly desirable rental corridor. Whether you're a seasoned investor looking to expand your portfolio, or an owner-occupant interested in living in one unit while generating rental income from the others, this four-plex offers flexibility, stability, location, and long-term growth potential in the heart of Stockton.

1617 N El Dorado Street, Stockton

Listing courtesy of RE/MAX Gold Lodi.

$7,250,000
5,939 SqFt. ⋅ 226026984 MLS
Rare trophy multifamily investment opportunity in the heart of Palo Alto, just blocks from Stanford University and vibrant downtown. Located at 251 Middlefield Rd, this iconic property was originally built in 1915 and completely reimagined in 2019, seamlessly blending historic architecture with modern luxury and high-end construction. The building features seven beautifully renovated residential units, each finished with premium materials and thoughtful design. Interiors include stainless steel appliances, granite countertops, hardwood and tile flooring, skylights, vaulted ceilings, double-pane windows, and designer finishes throughout. Units are equipped with energy-efficient mini-split systems, with select residences offering central heating for year-round comfort. The impressive penthouse residence exceeds 2,000 sq ft, offering three bedrooms, a spacious office, and two bathrooms, while the main ground-floor unit spans over 1,400 sq ft and features two luxurious master suites. Exceptional curb appeal with professional landscaping enhances the property's timeless appeal. The property also includes an approximately 2,868 sq ft finished basement (not included in the official living square footage) with private access, kitchenette, and bathroom, providing excellent value-add potential for additional income or flexible use. Additional amenities include a centralized laundry facility and automated drip irrigation for the landscaped grounds. Most units are currently utilized as corporate housing, driven by strong employment demand from nearby global technology employers including Google, Apple, Meta, and Hewlett-Packard. Fully occupied and ideally positioned, this property offers stable income, strong rental demand, and long-term appreciation potential in one of Silicon Valley's most desirable and supply-constrained markets. A rare opportunity to acquire a fully renovated legacy asset near world-class universities, technology campuses, renowned restaurants, cafes, parks, and premier amenities.

251 Middlefield Road, Palo Alto

Listing courtesy of Engel & Volkers Roseville.

$1,165,000
6,800 SqFt. ⋅ 226021572 MLS
Exceptional investment opportunity in Merced, CA! This well-maintained 8-unit apartment building features (8) spacious 2-bedroom, 1-bathroom units, each approximately 850 square feet. The property offers a strong unit mix that appeals to long-term tenants, making it an ideal addition to any investor's portfolio. Each unit provides functional floor plans with comfortable living spaces, sizable bedrooms, and practical layouts designed for everyday living. With consistent rental demand in the Merced area and proximity to shopping, schools, public transportation, and UC Merced, this property is well-positioned for stable occupancy and future growth. Whether you're looking to expand your portfolio or complete a 1031 exchange, this multi-family asset offers solid income potential in a growing Central Valley market.

1962 Edwards Avenue, Merced

Listing courtesy of Soldavi Inc..

$2,249,000
5,362 SqFt. ⋅ 226015104 MLS
We are proud to present 1517 17th Street an exceptional investment opportunity in the Heart of Midtown Sacramento. The subject property is a fully remodeled, turn-key multifamily asset located in one of Midtown Sacramento's most vibrant and desirable neighborhoods. This rare offering provides a compelling combination of stabilized income, recent capital improvements, and significant upside potentialall at an attractive cap rate and below-market basis. The subject property consists of 13 Units Total: (5) Standard Studios, (5) Deluxe Studios, (2) 1BR/1BA Units, and (1) Spacious 1BR/1.5BA Unit. Upgrades include a new roof (TPO, installed 6 months ago), brand-new electrical system ($150,000+ invested), modern HVAC systems (Mini Splits & PTAC). The units include open floor plans, new appliances, refinished original hardwood floors, and updated lighting throughout. As you walk into the front door you will notice the upgrades interior hallways featuring new flooring, fresh paint, LED recessed lighting, and a secured access system. Located below the first floor is an on-site manager's office, full basement for storage, and washer/dryer hookups. Utilities (except water) are already tenant-paid; a RUBS system could add $25-$75/unit monthly by passing along water, sewer, and garbage costs. 1517 17th Street is situated on the corner of 17th & Q Streets, this asset is just one block from Midtown's bustling retail and entertainment core. Residents enjoy walkable access to boutique shops, parks, popular restaurants, breweries, and nightlife. The property also benefits from alley access, mature trees, and low-maintenance landscaping, enhancing its overall curb appeal and livability. Minutes to California State Capitol, Highway 50 & Highway 80, with easy access to Sacramento's best neighborhoods and surrounding desirable areas & employment.

1517 17th Street, Sacramento

Listing courtesy of Collier's International.

$329,900
1,102 SqFt. ⋅ 226015237 MLS
This duplex is an investment opportunity setting on a spacious lot providing ample room for future expansion. Each unit is 1 bedroom, 1 bathroom, spacious family room and kitchenette. Strategically situated within walking distance to town, offering easy access to schools, bank, restaurants and entertainment. Park & Library is 1 block away.

1111 Center Avenue, Dos Palos

Listing courtesy of Westhill Real Estate.

$1,490,000
9,962 SqFt. ⋅ 226012076 MLS
Prime Multi-Family Investment Opportunity 12-unit apartment building that has a prime 95207 zip code that offers maximized rent potential. Perfectly positioned in a high-demand rental area, this property offers a central location close to shopping Property Highlights: Unit Mix: The building comprises a diverse mix of units, including (4) one-bedroom units, (8) two-bedroom units, Each unit is thoughtfully designed to maximize space and natural light. Modern Amenities: Tenants will appreciate the contemporary finishes, including updated kitchens. Parking: The property includes designated spaces for each unit, providing convenience and peace of mind for tenants.

4452 Cotton Court, Stockton

Listing courtesy of Rosson Real Estate & Property Management.

$2,700,000
13,200 SqFt. ⋅ 226010202 MLS
First Commercial is excited to present the Las Palmas at 233, a well-established 16-unit complex nestled in the burgeoning agricultural community of Los Banos, California. This property boasts a desirable mix of spacious two-bedroom units spread across four buildings, situated on approximately half an acre of land. Recently, the property has undergone extensive renovations, enhancing both its structural integrity and aesthetic appeal. Significant improvements include comprehensive dry rot repairs, new roof, and stucco enhancements across all buildings. Structural upgrades to decks and roof overhangs have been completed, adhering to engineers' recommendations. Modern wrought railings have been installed to meet current safety codes, alongside upgraded security measures, including monitoring cameras and high-efficiency exterior LED lighting. Additional updates encompass extensive roof repairs on all carports and fresh paint for all structures.

233 W I Street, Los Banos

Listing courtesy of RCB Real Estate.

$2,700,000
13,200 SqFt. ⋅ 226010194 MLS
First Commercial is excited to present the Las Palmas at 133, a well-established 16-unit complex nestled in the burgeoning agricultural community of Los Banos, California. This property boasts a desirable mix of spacious two-bedroom units spread across four buildings, situated on approximately half an acre of land. Recently, the property has undergone extensive renovations, enhancing both its structural integrity and aesthetic appeal. Significant improvements include comprehensive dry rot repairs, new roof, and stucco enhancements across all buildings. Structural upgrades to decks and roof overhangs have been completed, adhering to engineers' recommendations. Modern wrought railings have been installed to meet current safety codes, alongside upgraded security measures, including monitoring cameras and high-efficiency exterior LED lighting. Additional updates encompass extensive roof repairs on all carports and fresh paint for all structures.

133 W I Street, Los Banos

Listing courtesy of RCB Real Estate.

$1,400,000
5,000 SqFt. ⋅ 226009493 MLS
The Church Street Apartments present an attractive investment opportunity with strong value-add potential in one of Lodi's most desirable locations. The 9-unit community is situated along the quaint section of Church Street, just a short walk from Lodi's renowned Historic Downtown district, providing residents with convenient access to local shops, restaurants, entertainment, and community events. The area is also surrounded by Lodi's celebrated wineries and tasting rooms, adding to the appeal of this established and highly desirable neighborhood. The property consists of eight spacious 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, offering a highly desirable unit mix. Recent capital improvements, including all-new electrical subpanels installed in 2024, help limit near-term capital needs, while the fully cemented driveway and parking lot provide a durable, low-maintenance amenity for residents and ownership. Combining a walkable Downtown Lodi location, proximity to renowned wineries and tasting rooms, below-market rents, recent electrical upgrades, and a manageable 9-unit scale, the Church Street Apartments offer an appealing blend of current stability and long-term upside.

518 N Church Street, Lodi

Listing courtesy of Colliers Parrish Intenational Inc..

$1,998,700
4,022 SqFt. ⋅ 426096751 MLS
Discover this well-located four-unit multifamily property in San Francisco's desirable Lone Mountain neighborhood, within the Richmond District. Surrounded by abundant green space, the property is conveniently close to Golden Gate Park, Rossi Park, and the Panhandle, offering excellent access to outdoor recreation. Its central location near Balboa Street, Clement Street, Geary Boulevard, and Masonic Avenue provides easy connectivity to major transit routes, commercial corridors, and employment centers. The building features four thoughtfully configured residential units. Unit 1 is a spacious 2-bedroom, 2-bath flat with city views and in-unit laundry. Unit 2 offers a well-appointed 1-bedroom, 1-bath layout with attractive city outlooks. Units 3 and 4 are studio units, providing flexible rental options to accommodate a range of tenant needs. With its prime location, strong unit mix, and solid rental potential, this property presents an excellent opportunity for investors seeking long-term value in a highly sought-after San Francisco neighborhood.

2427 Turk Boulevard, San Francisco

Listing courtesy of RE/MAX Gold.

$1,795,000
2,790 SqFt. ⋅ 426094097 MLS
This great 5 units corner lot apartments building 3001-3003 25th St, San Francisco is located in the Mission District within SF District 9. It is situated in at the corner of 25th St and Florida St. 5 leased units and 3 leased garages out of 4 garages. Approx Sq Ft: 2790 and a Lot Sq Ft (approx): 2996 with a good size back yard which has a city to permit to built other units from the previous owner application. This area 9 is characterized as having easy access to freeways, public transportation, and numerous amenities such as private and public schools, Parks and restaurants / bars for the tourists and the locals 7 days a week.

3001 25th Street, San Francisco

Listing courtesy of Hanna Ibrahim Realty.

$2,999,999
1,496 SqFt. ⋅ 225146881 MLS
Secure your stake in the burgeoning Manteca market with this fully entitled,shovel-ready 24-unit apartment complex development site. Positioned in one of the Central Valley's fastest-growing cities,this project offers an immediate path to ground-breaking, bypassing the lengthy and often unpredictable planning and permitting phases. Manteca's strategic location and expanding workforce make this a high-demand,low-vacancy investment opportunity designed for long-term capital appreciation and strong rental income.

380 N Airport Way, Manteca

Listing courtesy of EXIT Realty Consultants.

$1,045,000
2,868 SqFt. ⋅ 225142152 MLS
1106 G Street, Sacramento, CA is a stunning fourplex in the heart of Midtown Sacramento. Built in 1880/1986, But has been completely remodeled and converted to Central Heat and air within the last 5-10 years. The subject property features two 2-bedroom/2-bath units and two studio units, with three units thoughtfully remodeled with modern finishes. The building boasts a charming Victorian exterior with intricate details, complemented by private gated entry and a brick-paved courtyard. Its proximity to Golden 1 Center, Downtown Commons (DOCO), City Plaza Park, and an abundance of dining, shopping, and entertainment options makes it an attractive choice for both professionals and tourists. Residents and guests benefit from easy access to major employers, government offices, cultural landmarks, and convenient public transportation.

1106 G Street, Sacramento

Listing courtesy of Collier's International.

$7,400,000
23,706 SqFt. ⋅ 225127365 MLS
Midtown Sacramento Sutter House Apartment Building presents a premium 34-unit opportunity featuring 31 1-bedroom, 1-bath units and 3 stylish studio apartments. The building spans 23,706 sq ft with enhanced accessibility and income generating amenities: a laundry facility leased parking, and secure entrances. Recent upgrades include a new elevator, new electrical systems and central HVAC installations for floors 2-4, ensuring tenant comfort year-round. Emphasizing desirability, the exterior and interior common areas have been freshly painted. Ideally located, these apartments offer quick access to major city hotspots: just 1 mile from the state capital, less than 5 miles to Sacramento State University, and under 2 miles from the Golden 1 Center, fostering a thriving Midtown community.

2320 P Street, Sacramento

Listing courtesy of Intero Real Estate Services.

$699,000
2,568 SqFt. ⋅ 225133935 MLS
Fantastic Investment Opportunity! Own this income-generating 4-plex with three units already rented and one vacant, ready for an owner-occupant or new tenant! Current tenants are on a month to month rental agreement. Each unit has been updated with stylish laminate flooring and fresh interior paint (prior to current tenants), offering a modern and inviting feel. Conveniently located with easy access to the freeway, shopping, and public transportation, this property is perfect for investors looking for steady rental income in a prime Sacramento location. Don't miss out on this chance to build your portfolio.

3711 46th Avenue, Sacramento

Listing courtesy of Coldwell Banker Realty.

$850,000
2,960 SqFt. ⋅ 225118830 MLS
Great opportunity to own five unit building of vintage American colonial style. Originally built as a fourplex, the 5th unit is an easy-to-rent roomy attic studio with its own exterior entrance. The other four spacious units have a mix of one-bedroom and two-bedroom floorplans that flow between living room, dining room, bedroom, and kitchen areas. Possible upsides to income include regular rent increases and developing off-street parking from the alley in the rear. These desirable apartments are rarely vacant.

3106 1st Avenue, Sacramento

Listing courtesy of Grounded R.E..

$560,000
2,596 SqFt. ⋅ 225087961 MLS
Investor special! Welcome to 8024 Albany Dr., a well-maintained triplex located in the heart of Stockton's 95210 area. This fully occupied property offers an excellent opportunity to generate instant cash flow with three individual 2-bedroom, 1-bath units, all currently rented to long-term tenants. With a combined monthly rental income of $4,198, this is a turnkey income property ideal for investors looking to expand their portfolio or complete a 1031 exchange. Each unit provides a functional floor plan, low-maintenance design, and solid rental history. All tenants are on month-to-month leases, giving flexibility to the buyer.

8028 Albany Drive, Stockton

Listing courtesy of PMZ Real Estate.

metrolist logo

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 .

Terms of Use