3237 Francis AVE new Save Request In-Person Tour Request Virtual Tour
Placerville,CA 95667
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $298
MLS Listing ID 225118927
HOA Y/N No
Year Built 1963
Lot Size 7,841 Sqft
Acres 0.18
Property Sub-Type Quadruplex
Source MLS Metrolist
Property 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.
Location
State CA
County El Dorado
Area 12701
Direction Property is near Marshall Hospital. Turn onto Darlington Ave from Cedar Ravine Rd, then turn onto Francis Ave.
Interior
Flooring Vinyl,Wood
Appliance Free Standing Refrigerator,Gas Cook Top,Built-In Gas Range
Laundry In Each Unit,Other
Exterior
Parking Features Open,Street,Uncovered,Guest Parking Available
Utilities Available Sewer Connected,Other
Water Access Desc Public
View Downtown
Total Parking Spaces 6
Building
Lot Description Central BBQ,Court
Story 2
Foundation Concrete, Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Placerville Union
Middle Schools Placerville Union
High Schools El Dorado Union High
School District El Dorado
Others
Senior Community No
Tax ID 051-263-009
Special Listing Condition Offer As Is