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205 Washington Street, Grass Valley
$3,960,000
16,496 SqFt. ⋅ 226108414 MLS
Rare Downtown Grass Valley Multifamily Investment OpportunityDiscover an exceptional addition to your commercial portfolio in a highly desirable, high-demand downtown Grass Valley location. This premium 18-unit apartment community features a uniform layout of highly sought-after 2-bedroom units, catering perfectly to the area's robust and consistent rental demographic. Reflecting a stellar history of 100% occupancy with zero historical vacancy, the asset yields strong, predictable cash flow from day one. Under meticulous long-term management, the property exemplifies true pride of ownership and has been preserved in immaculate, turn-key condition. Ideal for the discerning investor seeking a stabilized, low-maintenance asset in a premier Northern California submarket.

205 Washington Street, Grass Valley

Listing courtesy of Core Real Estate Brokerage.

669 S Auburn Street, Grass Valley
$2,200,000
9,720 SqFt. ⋅ 226108329 MLS
RARE NEVADA COUNTY INVESTOR OPPORTUNITY! Turnkey, high-performing 10-unit apartment building offering strong cash flow and an exceptionally desirable asset mix. Perfect for a portfolio addition or 1031 exchange in a high-demand rental market. Ideal Asset Mix: 10 uniform 2-bedroom units maximize rental yield and tenant retention. 100% Occupied: Stable, proven income stream with a track record of zero vacancy. Turnkey Condition: Meticulously maintained throughout, showing true pride of ownership. Tenant Amenities: On-site laundry facility and private individual tenant storage areas. Ample Parking: Plentiful off-street parking accommodates both residents and guests. Low Overhead: Professional, low-maintenance landscaping keeps operating expenses minimal. Prime Location: Highly convenient access to local schools, shopping districts, and parks. Don't miss this rare, low-maintenance multi-family gem in a high-tenancy area!

669 S Auburn Street, Grass Valley

Listing courtesy of Core Real Estate Brokerage.

4184 Oro Lane, El Dorado
$985,000
3,876 SqFt. ⋅ 226108183 MLS
Four-Unit Apartment Complex Investor Opportunity Well-maintained four-unit apartment complex featuring four spacious 2-bedroom, 2-bath units, each thoughtfully designed with a kitchen, separate dining area, and excellent private outdoor space. Upper units offer private patios, while lower units feature sliding glass doors leading to covered private front patios plus private fenced backyards an attractive feature for tenants. Each unit includes a master bathroom with separate vanity area, split-system heating and air conditioning installed in 2022, and a private covered storage unit measuring approximately 4' x 12'. Three of the four units have newly installed ceiling fans. One upper unit features newer showers and toilets, approximately one year old. Two units were remodeled approximately five years ago with durable commercial-strength vinyl flooring, new kitchen cabinets and countertops, and new dishwashers, ovens, and range hoods. Unit #6 also features a brand-new dishwasher. Additional property amenities include a community laundry room with space for one washer and one dryer; the washer and dryer are not currently provided and would need to be supplied by the property owner. The property also features a newer roof, approximately seven years old, with a favorable recent roof inspection. Eight total parking spaces are available, including covered assigned parking. The low-maintenance grounds feature an outdoor common area, established landscaping with drip irrigation, and no grass to mow. A side yard offers potential for a community or residential garden area. Conveniently located near schools and public transportation, this well-maintained property offers desirable unit layouts, private outdoor spaces, storage, parking, and numerous recent improvements make this an appealing investment opportunity.

4184 Oro Lane, El Dorado

Listing courtesy of Vista Sotheby's International Realty.

291 2nd Street, Yuba City
$524,900
3,831 SqFt. ⋅ 226103987 MLS
Up for sale is a unique five-unit property on Second Street, backing directly to the Feather River levee. The property consists of two duplexes and a single-family home, with combined rents of $4,450 per month, ($53,400 Annual Gross Rental Income). Three of the five well under market value because they need cosmetic updates. This property offers plenty of space while maintaining a peaceful, established feel. The units have been well maintained for this price point, with partial updates throughout. Many of the residents are long-term tenants, and there is a comfortable sense of community among those who call the property home. Mature trees line the front drive, giving the property shade and character. Tucked into the corner is a garden area with chicken coops, adding to its relaxed, almost country-like atmosphere. Five units. Two duplexes. One house. Mature landscaping. Long-term tenants. And the Feather River levee just beyond the property. There's a lot of charm hereand a lot of potential for the next owner.

291 2nd Street, Yuba City

Listing courtesy of Lisa Drake Properties.

3673 Spruce Avenue, South Lake Tahoe
$799,900
2,792 SqFt. ⋅ 226100734 MLS
Welcome to 3673 Spruce Ave, a well-located South Lake Tahoe quadruplex property offering an exceptional opportunity for an owner-occupant, second-home owner, vacation property buyer, or investor. This 4-bedroom, 4-bath property offers approximately 2,792 square feet and was built in 1966, providing a versatile layout with excellent potential in one of Lake Tahoe's most sought-after destinations. Ideally situated just minutes from Heavenly Mountain Resort, Stateline casinos, and the shores of Lake Tahoe, the property places you close to year-round recreation, shopping, dining, entertainment, and outdoor adventure. Enjoy convenient access to Heavenly Village, Whole Foods Market, nearby beaches, restaurants, ski and boat rentals, and the shuttle to Heavenly, making it easy to enjoy Tahoe without having to rely on a car. Outdoor enthusiasts will appreciate the proximity to world-class skiing and snowboarding, hiking, biking, boating, paddle boarding, and the area's beautiful beaches. The surrounding towering pine trees create the quintessential Tahoe setting, while the outdoor space offers an opportunity to relax and enjoy the mountain atmosphere after a day on the slopes or at the lake. Whether you're looking for a primary residence, vacation getaway, second home, or income-producing investment, this property offers flexibility and an enviable location with the potential to maximize the Tahoe lifestyle and investment opportunity. Don't miss your chance to own a quadruplex property in the heart of South Lake Tahoe, close to everything that makes this area a year-round destination. DO NOT DISTURB TENANTS

3673 Spruce Avenue, South Lake Tahoe

Listing courtesy of Garner Real Estate.

4180 Oro Lane, El Dorado
$750,000
3,044 SqFt. ⋅ 226095754 MLS
Great investment opportunity in El Dorado. Come see this well maintained single story triplex. The 3 units are just under 1000 sq feet each, with their own private fenced patios, plus an open area behind the building for gardening or visiting. The Parking Lot features a 2 car Carport with storage cabinets for each unit and 5 more open parking spaces. 1 Unit is an updated 2 bedroom, 2 bathrooms with newer carpeting and all dual pane windows. The other 2 units are 2 bedrooms and 1 bathroom with various updating and partial dual pane windows, one with an updated kitchen and newer Bosch heat and air split system. New Roof in 2021 and nice exterior paint. Laundry Room with sink, washer, dryer and dedicated water heater. Terrific opportunity for some passive income, or eventually live in one unit while renting out the other two. Convenient location close to Union Mine High School, freeway access and other conveniences.

4180 Oro Lane, El Dorado

Listing courtesy of eXp Realty of California, Inc..

635 Weaver Way, Placerville
$1,200,000
3,990 SqFt. ⋅ 226095786 MLS
This well maintained apartment complex located in the heart of Placerville is perfect for anyone looking to diversify their portfolio or start their real estate investment journey. This 5-plex has five 2bd/1ba units, each with a 1 car garage with washer/dryer hookups, & a fenced backyard. The fenced backyard provides a secure and private outdoor retreat for each unit. 3 new A/C systems were installed in the last 24 months. Residents will enjoy a sense of community while being close to local shops, dining, entertainment, & the proximity to historic downtown Placerville. Whether you're a seasoned investor or new to real estate, this property has 5 current tenants for immediate income plus the possibility of future appreciation.

635 Weaver Way, Placerville

Listing courtesy of eXp Realty of California, Inc..

1301 W Lodi Avenue, Lodi
$5,750,000
23,828 SqFt. ⋅ 226096458 MLS
The Avenue West Apartments is a 26-unit multifamily community located at 1301 W. Lodi Avenue in one of Lodi's most established residential neighborhoods. The property consists entirely of spacious 2-Bedroom / 1-Bathroom apartment homes, providing a desirable unit mix that appeals to families, roommates, and long-term renters. Recent capital improvements include dual-pane windows, HVAC replacements, renovated units, sealed parking areas, and the implementation of a utility reimbursement program, helping reduce future capital expenditures while supporting long-term cash flow. In-place rents remain well below projected market levels, presenting investors with a compelling value-add opportunity. Ideally positioned on Lodi's West Side, the property offers convenient access to Highway 99, Downtown Lodi, Lodi Lake Park, Adventist Health Lodi Memorial Hospital, and Lodi Wine Country, home to more than 85 wineries. Residents benefit from nearby shopping, dining, schools, and everyday conveniences, many within walking distance. Supported by strong rental demand and Lodi's attractive quality of life, The Avenue West Apartments presents an excellent investment opportunity in one of the Central Valley's most desirable multifamily markets.

1301 W Lodi Avenue, Lodi

Listing courtesy of Colliers Parrish Intenational Inc..

425 N Butte Street, Willows
$300,000
1,040 SqFt. ⋅ 226094235 MLS
Excellent investment opportunity with this remodeled duplex generating over $26,000 in annual rental income. This fully rented, income-producing property has been updated with fresh interior and exterior paint, new flooring, updated bathroom vanities, and all-new windows, offering modern appeal and reduced maintenance. Both units are 1/1 and well maintained and provide comfortable living spaces with strong rental demand. The property also features a huge workshop/storage building. Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this property offers excellent flexibility and immediate cash flow. Conveniently located near schools, shopping, restaurants, parks, and major commuter routes, this remodeled duplex combines steady rental income, quality upgrades, and long-term investment potential. Don't miss this exceptional opportunity.

425 N Butte Street, Willows

Listing courtesy of eXp Realty of California Inc..

3958 Lancelot Court, Cameron Park
$3,750,000
13,495 SqFt. ⋅ 226091706 MLS
Camelot Woods Condominiums, a 15-unit townhouse-style condominium community located in the desirable Cameron Park submarket of El Dorado County. Constructed in 2008, the property offers investors the rare opportunity to acquire a newer vintage multifamily asset featuring spacious townhome floor plans, stable rental history, and meaningful income upside with more aggressive management. Camelot Woods Condominiums consists of fifteen two-bedroom, one-and-one-half-bathroom townhouse residences, each approximately 900 square feet. The thoughtfully designed twostory floor plans provide residents with the comfort and privacy similar to single-family living while maintaining the operational efficiencies of a professionally managed rental community. Each residence features maple cabinetry, solid surface countertops, tile flooring in the kitchen and dining areas, central heating and air conditioning, in-unit laundry, private patios or balconies, and covered parking. Additional parking spots are available for rent. Current ownership has maintained the property to a high standard (SB 721 compliant), resulting in an attractive community with minimal deferred maintenance. Built in 2008, Camelot Woods benefits from newer construction than most multifamily inventory in the region, reducing near-term capital expenditure requirements and allowing a new owner to focus on income growth. Average in-place rents of approximately $1,746 per month remain below the projected market average of approximately $1,995 per month, providing investors with a clear opportunity to increase revenue through natural lease turnover and not needing to renovate units to achieve market rent. Ideally located in the heart of Cameron Park, residents enjoy convenient access to Highway 50, placing major employment centers in Folsom, El Dorado Hills, Placerville, and Downtown Sacramento within an easy commute. The community is surrounded by grocery stores, restaurants, parks, schools, and everyday conveniences while benefiting from Cameron Park's desirable foothill setting, highly-regarded quality of life, and strong rental demand.

3958 Lancelot Court, Cameron Park

Listing courtesy of Marcus & Millichap Real Estate.

6350 State Highway 193, Georgetown
$1,500,000
5,250 SqFt. ⋅ 226090746 MLS
Excellent investment opportunity with Kingslike Apartments, a well-maintained, fully occupied, 10-unit apartment complex, with an 11th unit for management, if needed. Located in the heart of Georgetown and situated on nearly an acre with prime Highway frontage, this successful income-producing property offers high rental income in an appealing and convenient location for occupants, close to local restaurants, parks, shopping, the historic saloon, and other community amenities. The property features 10 studio units plus a 2-bedroom manager suite, with utilities including Wi-Fi, water, sewer, garbage, and electricity currently included in the rents, providing added convenience for tenants. A new roof offers peace of mind for future ownership, and on-site management is available to assist with a smooth transition. Residents enjoy easy access to the area's many outdoor recreational opportunities, including hiking, boating, fishing, and swimming at nearby lakes just a scenic drive-up Wentworth Springs Road. Historic Coloma and the South Fork of the American River are also nearby, offering whitewater rafting, gold panning, and year-round tourism. Don't miss this outstanding opportunity to own a fully occupied investment property in the heart of Gold Country.

6350 State Highway 193, Georgetown

Listing courtesy of RE/MAX GOLD.

1315 E Street, Marysville
$575,000
3,507 SqFt. ⋅ 226073616 MLS
Excellent opportunity to acquire a fully occupied 5-unit multifamily property in Marysville. The property consists of three 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing a desirable mix of unit types for a broad tenant base. Current gross scheduled rental income is $5,275 per month or $63,300 annually. The property features separate gas and electric meters, helping minimize owner-paid utility expenses. Recent capital improvements include a newer composition roof and dual-pane windows, reducing future maintenance concerns and improving overall efficiency. Situated on a generous 0.23-acre lot, the property offers ample outdoor space along with a detached garage/storage building that provides additional utility and potential value-add opportunities. Conveniently located near downtown Marysville, shopping, dining, schools, and major transportation routes. Whether you're looking to expand your portfolio or complete a 1031 exchange, this stabilized, income-producing asset offers immediate cash flow with long-term upside potential.

1315 E Street, Marysville

Listing courtesy of Valley Fair Realty Corporation.

311 Fairview Lane, Sonora
$3,900,000
226073207 MLS
311 Fairview Ln is a 44-unit multifamily investment property located in Sonora, California. Built in 1980, the asset consists of approximately 31,095 square feet situated on a 1.49-acre parcel totaling approximately 64,904 square feet. The property serves the Downtown Sonora submarket and offers a balanced unit mix of 50% one-bedroom units and 50% two-bedroom units. Current market rents in the surrounding area average approximately $950-$1,150 for one-bedroom units and $1,350-$1,500 for two-bedroom units, presenting upside potential through future rent adjustments and operational improvements. Conveniently located near downtown Sonora with access to major transportation corridors, shopping centers, schools, employment hubs, and neighborhood amenities, the property benefits from steady rental demand driven by the area's workforce housing needs. An investment in solar panels may help reduce the landlord's electricity burden caused by a common water heater.

311 Fairview Lane, Sonora

Listing courtesy of Cosol Commercial Real Estate.

1570 Alfred Way, Yuba City
$900,000
3,544 SqFt. ⋅ 226057208 MLS
1570 Alfred Way presents an exceptional investment opportunity in the heart of Yuba City. This well-maintained four-plex consists of four 2-bedroom, 1-bathroom units, all currently occupied by long-term tenants, providing immediate and stable cash flow with historically low vacancy. Ideal for both seasoned and first-time investors, the property offers upside potential as current rental rates are below market, leaving room for future income growth and increased returns. Additional highlights include a newer roof approximately 5 years old and an onsite coin-op laundry that can provide supplemental income. Conveniently located near Highway 99 with easy access to shopping, dining, and everyday amenities, this property combines strong investment fundamentals with long-term growth potential in a prime location.

1570 Alfred Way, Yuba City

Listing courtesy of Capital's Finest, Inc..

10863 Highway 99, Live Oak
$849,900
2,579 SqFt. ⋅ 226057047 MLS
Great investment opportunity with strong income potential! A home with 8 studios. This unique property features a spacious 3-bedroom 2-full bath main home along with 8 studio units-formely a motel-offering a versatile multi-income setup. The main residence includes oner 1,500 sq ft of living space with central heating and air, a functional layout, tile and laminate flooring, and tile countertops. A detached 2-car garage adds convenience and storage. each of the 8-unit studios includes a full bath and a small kitchen. The studio's building roof was replaced approximate 2 years ago. Two of the unit studios remain unfinished, providing additional value-add potential. Situated on a 1.72-acre lot with excellent freeway access and visibility. this property offers a wide range of potential rental or comercial uses. Realtor advise buyers to verify all zoning, permitted uses, and regulations with the city of Live Oak and with Sutter County.

10863 Highway 99, Live Oak

Listing courtesy of LPT Realty, Inc.

1405 E Cypress Avenue, Reedley
$599,900
3,144 SqFt. ⋅ 226055804 MLS
Excellent investment opportunity in the growing Reedley market. This fully occupied fourplex features four 2-bedroom, 1-bath units totaling approximately 3,144 square feet, providing consistent rental income. Three units have been updated with modern kitchens, bathrooms, and durable LVP flooring, while one unit offers long-term tenancy. Each unit includes central HVAC and indoor laundry, enhancing overall appeal. Conveniently located near schools, shopping, and commuter routes, this property is well-suited for investors seeking an income-producing asset with potential upside. Do not disturb tenants. Offers subject to inspection. Unit configuration per tax records; buyer to verify.

1405 E Cypress Avenue, Reedley

Listing courtesy of eXp Realty of Greater Los Angeles, inc..

72 E 12th Street, Merced
$625,000
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.

128 Oakwood Drive, Auburn
$975,000
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..

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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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