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115 E Highland Avenue, Tracy
$695,950
1,781 SqFt. ⋅ 226132352 MLS
Two Addresses, One Incredible Opportunity! Welcome to 115 & 117 E Highland Avenue, where classic charm meets endless possibilities in Tracy! This unique property offers two residences! 115 E Highland features 2 bedrooms, 1.5 bathroom, approx.1,050 sq ft, and convenient laundry hookups.117 E Highland offers 1 bedroom, 1 bathroom, and approx. 700 sq ft of living space. But wait, there's more! A detached garage with additional space is ready for your creative imagination, think hobby space, workshop, storage, or whatever inspires you! Outside, enjoy a beautifully maintained shared yard with lush green grass, inviting landscaping, and plenty of room to relax, entertain, or soak up the sunshine. Charming curb appeal, welcoming front porches, and a peaceful outdoor setting add to the appeal. Whether you're looking for multigenerational living, an investment opportunity, or a property with flexibility and character, this one brings something special to the table. Double the charm, double the possibilities don't miss this Tracy gem!

115 E Highland Avenue, Tracy

Listing courtesy of KW Central Valley.

1962 Edwards Avenue, Merced
$1,099,000
6,800 SqFt. ⋅ 226132123 MLS
Prime investment opportunity in Merced, CA! This well-maintained 8-unit multifamily property features eight spacious 2-bedroom, 1-bathroom units, each offering approximately 850 square feet of comfortable living space. Currently 100% occupied, the property presents an excellent opportunity for investors seeking an established income-producing asset. Each unit features a functional floor plan with generously sized bedrooms and inviting living areas. Conveniently located near shopping, schools, public transportation, and UC Merced, the property offers accessibility to everyday amenities. Whether expanding an investment portfolio or completing a 1031 exchange, this multifamily property offers attractive rental income potential and long-term investment opportunities in Merced's growing Central Valley market.

1962 Edwards Avenue, Merced

Listing courtesy of Soldavi Inc..

27933 Cherokee Street, Nevada City
$1,400,000
226131553 MLS
Marcus & Millichap is pleased to present the exclusive opportunity to acquire a unique nine-unit multifamily investment portfolio located in North San Juan, California. The offering consists of two single-family homes, two duplexes, and one triplex across 27885 Cherokee Street and 27933 Cherokee Street, providing a diversified unit mix and multiple income-producing assets within a single acquisition. Situated in the heart of California's historic Gold Country, North San Juan offers a desirable small-town setting with convenient access to Nevada City, located approximately 20 minutes away. Nevada City is nationally recognized for its charming preserved Gold Rush-era downtown, while the property's location provides convenient access to both Sacramento and the Lake Tahoe region. The nearby Yuba River (2.5 miles to the fork) further enhances the area's appeal, contributing to strong rental demand and supporting historically low vacancy and efficient tenant turnover. The property features a diverse mix of residential units, including (1) three-bedroom/two-bathroom home, (1) two-bedroom/one-bathroom home, (2) duplexes with a mix of one and two-bedroom floorplans, and a triplex with a mix of one and two-bedroom floorplans. This diversified configuration provides residents with flexible housing accommodations, further enhancing retention and appeal. Residents enjoy the low-density and cottage-style living, with the benefit of local shops, restaurants, and caf's being walking distance away. Ownership has demonstrated strong pride of ownership, with the property being consistently maintained and updated, with very little if any deferred maintenance remaining. Recent and existing property improvements include, upgrading units upon turnover, installing metal roofs, an on-site 5,000-gallon water storage tank, and a water well, which produces 10 gallons per minute. These improvements provide a solid physical foundation for continued ownership while minimizing landlord expenses. 27933 Cherokee Street and 27885 Cherokee Street represent a rare opportunity to acquire a diversified multifamily investment in the heart of North San Juan, combining strong in-place income, a supply constrained market, and a well-maintained collection of residential assets in a desirable Gold Country location.

27933 Cherokee Street, Nevada City

Listing courtesy of Marcus & Millichap Real Estate.

614 B Street, Marysville
$415,000
2,720 SqFt. ⋅ 226129434 MLS
Excellent income-producing investment opportunity in Marysville! This property features two residential units with a potential combined gross rental income of $3,300 per month. The front unit offers 2 bedrooms and 1 bathroom and is currently leased at $1,800 per month, while the rear unit features 1 bedroom and 1 bathroom and is expected to lease for $1,500 per month. Both units have undergone renovations, including additional improvements completed in 2025, featuring updated kitchens, bathrooms, flooring, fresh paint, appliances, and more. Additional highlights include off-street parking, a spacious backyard, and a convenient location near downtown Marysville's shopping, dining, and local amenities. A unique feature of this property is the unfinished basement, currently used for storage, with existing functional lighting and exciting potential for future development. Subject to necessary renovations, permits, zoning requirements, and local approvals, the basement may offer the possibility of conversion into one or two additional rental units, potentially increasing rental income and overall property value. Whether you're a seasoned investor or looking to start building your real estate portfolio, this property offers income potential and opportunities for future growth. Don't miss out on this great investment opportunity!

614 B Street, Marysville

Listing courtesy of REMAX Dream Homes.

9764 Stackhouse Lane, Oregon House
$485,000
1,925 SqFt. ⋅ 226128622 MLS
Scenic sanctuary! ~ Villa Bakea~ showcases a versatile, income-producing residential retreat highlighted by a custom Mediterranean-inspired tile and stucco duplex on 5.00 expansive, lushly landscaped acres with vibrant views. ~Bakea~ means 'peace' in Basque, a fusion of French and Spanish influences that reflects the owner's heritage as well as the tranquility and natural harmony of the soothing surroundings. This distinctive architectural gem lives large and is tucked away in a private setting on a paved street that's secluded and serene but not remote. There are two separate units under one roof with individual entries and two kitchens, 2.5 bathrooms, 3+ bedrooms and a connecting hallway for interior access to a half bath and laundry room. The impeccably maintained manor features dual HVAC units, wood and tile accents, irrigated flowering gardens and orchard, multiple patios and terraces, decorative fencing, an excellent well with newer pump, septic system upgrades and more. There are also several outbuildings including a charming cottage with power for crafts or office. In addition, there's room for horses and livestock and space to add a garage/shop. With potential to increase an investment portfolio, offset a mortgage by living in one unit and renting the other, or creating a multi-generational housing possibility, this picturesque, park-like property offers exceptional flexibility. Past interior modifications transformed a stylish single family home into a profitable and sustained tenant occupied rental. The refined residence can also be converted back to its original layout without significant renovation. The current configuration can produce a steady cash flow while still providing the ability to owner occupy, making it ideal for buyers seeking onsite living. Located in a certified Firewise neighborhood in an engaging foothills community, Villa Bakea is literally down the road from shopping, services and schools and in close proximity to several lakes and year round recreation destinations. The area has become popular as an agritourism region with weekly Farmers' Markets, ranches, farms and orchards and Airbnb and VRBO accommodations. Here's an appealing and affordable venture generating dependable passive revenue plus the opportunity to experience a relaxed and refreshing country lifestyle with desirable city conveniences and amenities. Don't miss this handsome homestead that combines an elegant European essence with global allure and energy.

9764 Stackhouse Lane, Oregon House

Listing courtesy of Century 21 Select Real Estate.

326 B Street, Marysville
$995,000
226108559 MLS
Colliers is pleased to present the exclusive opportunity to acquire 322-326 B Street, a unique multifamily investment consisting of ten Single Room Occupancy (SRO) units and one detached single-family residence in the heart of Downtown Marysville. Situated on approximately 0.24 acres, the property features two separate residential buildings, creating multiple avenues for future value creation while generating immediate cash flow. The asset offers investors a compelling combination of stable in-place income, rental upside, and long-term redevelopment flexibility. With several units operating below market rental levels, a new owner has the opportunity to organically increase revenue through professional management and natural tenant turnover. Additionally, the property's layout presents the potential for a future lot split or separate disposition of the single-family residence, subject to municipal approval. Affordable workforce housing continues to experience strong demand throughout Yuba County as rising home prices and elevated mortgage costs keep many residents in the rental market. This demand, coupled with limited new housing supply, supports long-term occupancy and rent growth for well-located affordable housing assets such as 322-326 B Street. Conveniently located just minutes from Highway 70, Historic Downtown Marysville, Yuba City, Beale Air Force Base, shopping centers, healthcare providers, and major employment hubs, the property provides residents with exceptional accessibility while offering investors a diversified income-producing asset in one of Northern California's growing secondary markets. Whether an investor is seeking dependable cash flow, long-term appreciation, or value-add potential, 322-326 B Street represents an attractive opportunity to acquire a distinctive multifamily investment with multiple paths to creating value.

326 B Street, Marysville

Listing courtesy of Collier's International.

128 Park Street, Madera
$600,000
2,952 SqFt. ⋅ 226120373 MLS
Excellent investment opportunity in the heart of Madera! This well-maintained fourplex offers four spacious 2-bedroom, 1-bath units, providing a total of 8 bedrooms and 4 bathrooms across approximately 2,952 square feet. Each unit features a functional floor plan along with a private patio, giving residents their own outdoor space. Additional amenities include dedicated carport parking and convenient on-site laundry facilities. One unit has been tastefully remodeled, offering additional appeal and potential rental upside. Whether you are looking to expand your investment portfolio or explore an owner-occupant opportunity while generating rental income, this multi-family property offers great versatility and long-term potential. Conveniently located near shopping, dining, schools, and other everyday amenities. Don't miss the opportunity to own a four-unit income-producing property in Madera!

128 Park Street, Madera

Listing courtesy of Miracle Realty.

940 K Street, Merced
$1,495,000
4,320 SqFt. ⋅ 226120818 MLS
Well-maintained 10-unit multifamily investment opportunity in an established Merced location. Built in 1979, the property consists of two buildings with five units each, offering an attractive unit mix of all 2-bedroom, 1.5-bath, two-level townhome-style units. Features include newer HVAC units and a wrought-iron privacy gate providing controlled access to the property. The property has an excellent rental history and offers a desirable combination of functional floor plans, townhouse-style living, onsite laundry, storage units and established tenant demand. Conveniently located directly across from McNamara Community Park and soccer fields, and just minutes from the Merced County Fairgrounds, Highway 99 and Highway 59. An excellent opportunity for an investor seeking a well-located multifamily property with a proven rental history.

940 K Street, Merced

Listing courtesy of Keller Williams Merced.

6848 Walnut Avenue, Winton
$3,395,000
26,000 SqFt. ⋅ 226120667 MLS
33 residential units configured as 15 duplexes, one triplex and one single-family home. All units are 2-bedroom / 1-bath residences with approximately +/- 830 SF per unit. Approximately +/- 26,000 SF of total building area, per owner-provided information. Approximately 99% leased, providing a highly stabilized occupancy profile. Going-in cap rate of 6.44% with current NOI of $218,512. Winton location provides access to Atwater, Merced, State Route 99, and the broader Merced County employment base. County approved four additional units on the parcel UC Merced continues to expand its academic and residential footprint with a 200,000+ SF Medical Education Building, a 36,000 SF classroom building, a new student union and 488-bed Promise Housing. The campus is approximately 15.5 miles from the property. Continued university and regional growth may support long-term housing demand and transportation activity across Merced County.

6848 Walnut Avenue, Winton

Listing courtesy of Capitol Commercial Real Estate and Business Sales.

961 El Terino Avenue, Modesto
$499,999
1,566 SqFt. ⋅ 226117672 MLS
A rare opportunity to acquire proven, cash flowing rental properties in the heart of Modesto, California. The Bates Initiative represents a curated collection of duplexes and triplexes positioned in strong, established neighborhoods throughout the city, each delivering consistent rental income with tenants already in place. These are not fixer-upper speculations or value-add gambles. These are performing assets in desirable Modesto locations, benefiting from the Central Valley's sustained rental demand and a tenant base that keeps them occupied and producing. With occupancy rates running near capacity across the portfolio, the income is real and the runway is long. Whether you are an investor looking to plant your first flag in the Central Valley or a seasoned operator ready to scale, the Bates Initiative offers flexibility. Individual properties are available for those looking to start or add strategically, and the full portfolio is available for acquisition by a single buyer looking to move meaningfully into one of California's most resilient rental markets. Modesto's fundamentals continue to support strong rental performance. Growing population, limited housing inventory, and consistent demand from working families make this market a dependable income engine for landlords who know what they are looking at. Opportunities like this, performing, nearly fully occupied, and available individually or as a whole, do not surface often. Inquire for property addresses, rent rolls, and financials.

961 El Terino Avenue, Modesto

Listing courtesy of PMZ Real Estate.

1121 El Vecino Court, Modesto
$599,999
1,948 SqFt. ⋅ 226117521 MLS
A rare opportunity to acquire proven, cash flowing rental properties in the heart of Modesto, California. The Bates Initiative represents a curated collection of duplexes and triplexes positioned in strong, established neighborhoods throughout the city, each delivering consistent rental income with tenants already in place. These are not fixer-upper speculations or value-add gambles. These are performing assets in desirable Modesto locations, benefiting from the Central Valley's sustained rental demand and a tenant base that keeps them occupied and producing. With occupancy rates running near capacity across the portfolio, the income is real and the runway is long. Whether you are an investor looking to plant your first flag in the Central Valley or a seasoned operator ready to scale, the Bates Initiative offers flexibility. Individual properties are available for those looking to start or add strategically, and the full portfolio is available for acquisition by a single buyer looking to move meaningfully into one of California's most resilient rental markets. Modesto's fundamentals continue to support strong rental performance. Growing population, limited housing inventory, and consistent demand from working families make this market a dependable income engine for landlords who know what they are looking at. Opportunities like this, performing, nearly fully occupied, and available individually or as a whole, do not surface often. Inquire for property addresses, rent rolls, and financials.

1121 El Vecino Court, Modesto

Listing courtesy of PMZ Real Estate.

129 Diamond Street, Auburn
$595,000
1,399 SqFt. ⋅ 226116829 MLS
Fantastic opportunity to own a well-maintained duplex conveniently located within walking distance of charming Downtown Auburn. Whether you're looking for an investment property or the opportunity to live in one unit while generating rental income from the other, this property offers flexibility, character, and a great location. The upper unit is light and bright with beautiful views overlooking the spacious backyard. It features 2 bedrooms and 1 bathroom, and vinyl flooring throughout. The lower unit also offers 2 bedrooms and 1 bathroom, an open kitchen and living area, vinyl flooring, newer windows, central AC upstairs and mini split downstairs. Direct access to a cement patio and large, level backyard, perfect for relaxing or outdoor entertaining. Each unit offers the convenience of its own washer and dryer, dishwasher, refrigerator, water heater, and designated parking spaces. A secure locking storage unit located at the rear of the property provides additional storage.

129 Diamond Street, Auburn

Listing courtesy of 1st Choice Realty & Associates.

220 Drake Avenue, Modesto
$450,000
1,320 SqFt. ⋅ 226116470 MLS
INVESTORS!! PRIME INVESTMENT OPPORTUNITY! Centrally located duplex within walking distance to McHenry Village, grocery stores, and transportation. The front unit is a 1 possible 2 bedroom, 1 bath. The second unit is a 1/1. Both units have been updated, featuring a newer roof, fresh interior and exterior paint, granite kitchen counter tops with tile backsplash, mini split units and laminate flooring. Each unit includes its own appliance package, including a stove, refrigerator, washer and dryer. Both units also feature private fenced patio areas with concrete pads providing a comfortable outdoor space for tenants. Many of the major upgrades have been done, offering investors an excellent opportunity to own a well maintained income property. Both units are currently occupied, with one tenant on a month to month agreement and the other tenant on a lease. Don't miss this opportunity to own a turnkey investment property!

220 Drake Avenue, Modesto

Listing courtesy of Weeks Real Estate.

60 Sandy Way, Red Bluff
$425,000
226115835 MLS
The Heitzeberg Group of Marcus & Millichap is pleased to present 60 Sandy Way, a four-unit apartment property consisting of four 2-bedroom, 1-bathroom units. Located at the end of a quiet cul-de-sac in Red Bluff, the property offers added privacy and a desirable residential setting. Each unit features washer and dryer hookups, and tenants enjoy beautifully landscaped grounds that enhance the property's curb appeal and overall living environment. Offered as-is, this property presents an excellent opportunity for an owner-user or first-time multifamily investor seeking stable rental housing in a well-located neighborhood. 60 Sandy Way can be purchased individually or together with the nearby fourplex located at 90 Mina Ave.

60 Sandy Way, Red Bluff

Listing courtesy of Marcus & Millichap Real Estate.

90 Mina Avenue, Red Bluff
$410,000
226115846 MLS
The Heitzeberg Group of Marcus & Millichap is pleased to present 90 Mina Ave, a four-unit apartment property featuring townhouse-style floor plans. The property consists of three 2-bedroom, 1.5-bathroom units and one 3-bedroom, 2-bathroom unit. Unit D includes a one-car garage and in-unit washer and dryer hookups, while the remaining units have access to a shared laundry room. Each unit offers a private backyard, providing tenants with outdoor space rarely found in similar rental properties. Unit A also features a private balcony. With ample on-site parking and larger floor plans, the property is well-positioned to attract and retain long-term tenants. Offered as-is. 90 Mina Ave can be purchased individually or together with the nearby fourplex located at 60 Sandy Way.

90 Mina Avenue, Red Bluff

Listing courtesy of Marcus & Millichap Real Estate.

510 East N Street, Benicia
$3,450,000
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.

540 N Teesdale Road, Yuba City
$585,900
226112269 MLS
Don't miss this investor opportunity! Hard to find and spacious, 3 bedroom, two full bath duplex with approx 1180 sf living space. EACH SIDE IS A 3 BED/ 2 BATH. Rent of $1400 is below market and could easily command higher rent. Fully occupied with good tenants and sitting on a large corner lot. Roof replaced approx 7 years ago and new laminate installed approx 2 years ago. Both have 2-car garages with garage door openers and direct access from the kitchen. Private backyards offer room to entertain, garden or just enjoy the outdoors. Both units come with seller-owned fridges and there are laundry hook-ups in the garage. Rent both sides, or live in one and collect rent on the other. Located in a wonderful neighborhood with single family homes around it on the next block. Perfectly and conveniently located off Garden Highway with a strip center and gas station at the corner and directly across Garden Hwy is a beautiful Sports Complex and park.

540 N Teesdale Road, Yuba City

Listing courtesy of HomeSmart ICARE Realty.

319 B Street, Marysville
$349,000
1,872 SqFt. ⋅ 226114297 MLS
Classic Marysville duplex with character, space and investment potential. 319 B Street offers two separate residences, with 319 occupying the lower level and 319 1/2 located upstairs. The combined monthly income is $2,500 per month (30k Annual Gross Rental Income) This established income property presents an opportunity for an investor looking to add to a rental portfolio or a buyer drawn to the character and proportions of an earlier-era home. The downstairs residence features high ceilings, large windows, dark wood flooring and generously sized rooms that give the home an open and comfortable feel. The spacious kitchen offers ample cabinetry and built-in storage, while classic black-and-white flooring in the kitchen and bath adds to the home's vintage personality. A newer heater is another notable improvement. Both units are currently tenant occupied, providing existing rental income from day one. Conveniently located near downtown Marysville with access to shopping, services and the greater Yuba-Sutter area.

319 B Street, Marysville

Listing courtesy of Lisa Drake Properties.

6043 Northcrest Circle, Carmichael
$889,000
3,536 SqFt. ⋅ 226108185 MLS
Excellent Investment Opportunity in the Heart of Carmichael! Unlock immediate rental income and cash-flow potential with this well-maintained fourplex, ideally situated in a desirable area surrounded by single-family homes. The property features four spacious 2-bedroom, 1-bathroom units, all currently occupied providing an investor with income from day one. Each unit offers the convenience of its own indoor laundry hookups, central heating and air conditioning. The decks and stairs are SB 326 and SB 721 compliant, providing added peace of mind. Two of the four kitchens have been tastefully updated with new cabinets, countertops, appliances, and flooring. Additional highlights include new exterior paint and large backyard areas for the lower units. Conveniently located near American River College, with easy access to shopping, dining, transportation, and other amenities. Please do not disturb the occupants.

6043 Northcrest Circle, Carmichael

Listing courtesy of Berkshire Hathaway HomeServices-Drysdale Properties.

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