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USACAPlacerville3237 Francis Ave
3237 Francis Ave, Home with 0 bedrooms, 0 bathrooms and 6 parking in Placerville CA | Image 1
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$895,000

3237 Francis Ave, Placerville, CA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 3000 sqft
Garage No
Taxes 
Days Active 3
Lot Size 
Approx. Age 1963
Avg. Price Per Sqft $298
MLS® Number 225118927

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

3237 Francis Avenue, a rare 4-unit multifamily investment opportunity in the historic Gold Country community of Placerville, CA. Situated just a short walk from the shops and restaurants of downtown Placerville, the property benefits from an irreplaceable location with strong tenant appeal. The building consists of four (2) two-bedroom, one-bathroom units, each averaging approximately 750 square feet. The spacious floor plans and walkable location have fostered long-term tenancy, providing a stable foundation with meaningful upside through repositioning and rent growth. Placerville's multifamily market is uniquely supply-constrained. With a population of 10, 656 residents and zero new market-rate multifamily construction underway or planned, the city faces a severe shortage of rental housing. At the same time, high barriers to homeownershipdriven by elevated purchase prices and interest ratesfurther constrain mobility and reinforce demand for quality rental product. This dynamic creates a favorable environment for landlords, where the cost of renting continues to represent a meaningful discount to owning.Show Description
MLS® Number225118927
Laundry LevelIn Each Unit, Other
Central VacNo
FireplaceNo
Acreage0.18
Exterior
GarageNo
Approx. Age1963
Basement
DrivewayOpen, Street, Uncovered, Guest Parking Available
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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