REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Kelly Pleasant

kelly@pleasantrealestategroup.com +1(916) 743-0844

$ 279,500

Est. payment | -/mo

2,490 SqFt

Save

$ 279,500

Est. payment | -/mo

Save

2,490 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,490 sqft

Price per Sqft $112

MLS Listing ID 226048548

HOA Y/N No

Year Built 1946

Lot Size 5.290 Acres

Acres 5.29

Property Sub-Type Quadruplex

Source MLS Metrolist

Property Description

Discover a rare investment opportunity on a spacious 5-acre parcel featuring four established rental homes that are currently occupied and generating income. This property delivers immediate cash flow while offering significant upside through targeted improvements and development potential. The four homes provide much-needed affordable housing in the area, attracting reliable tenants and creating a built-in demand for these practical, no-frills residences. While the units would benefit from cosmetic and functional updates (a classic value-add project), they are fully functional and continue to perform as solid rental producers. Rental income varies with market conditions and tenant turnover, but the portfolio has demonstrated consistent occupancy and long-term tenant retention. A standout feature is the existing foundation of a small burned unit, offering a straightforward path to rebuild and restore an additional dwelling. Combined with the possibility of developing one more unit on the expansive grounds (subject to local zoning and approvals), this property has clear potential to expand to five income streamsdramatically increasing net operating income for the savvy investor. Additional property highlights include: Shared well system with electricity paid by the owner and billed back to tenantsproviding a simple, transparent utility arrangement that keeps operations straightforward. Ample acreage for privacy, future expansion, outbuildings, or added amenities that could further boost appeal and rents.Strong investor appeal in a market hungry for affordable rental housing with room to scale. Whether you're looking to stabilize and grow an existing rental portfolio, undertake a value-add renovation for higher rents, or capitalize on the extra-unit potential, this 5-acre gem checks all the boxes for long-term cash flow and appreciation. The current setup delivers hands-off income today while the land and extra foundation unlock tomorrow's growth. Ideal for investors, developers, or owner-operators seeking a turnkey income producer with built-in upside. Serious inquiries onlyproof of funds requested. Contact us today for detailed financials, rent rolls, and a private showing. Don't miss this chance to own a piece of scalable, affordable housing real estate on prime acreage!

Location

State CA

County Calaveras

Area 22029

Direction Highway 26 to Ridge Road, or Mountain Ranch Road to Railroad Flat Road to the Corner of Ridge Road

Rooms

Other Rooms Unit-1 Approx SqFt: 990 Bedrooms: 2 Full Baths: 1 Total Rooms: 5 Rent: 875 SqFt Source: Tax Record

Interior

Heating Varies by Unit

Cooling Varies by Unit

Flooring See Remarks

Laundry Varies by Unit

Exterior

Parking Features Off Street

Utilities Available Electric

Water Access Desc Well

Roof Type Composition

Topography Level

Total Parking Spaces 20

Building

Lot Description Corner, Shape Regular

Story 1

Foundation Concrete, SeeRemarks

Sewer Septic Connected

Water Well

Schools

Elementary Schools Calaveras Unified

Middle Schools Calaveras Unified

High Schools Calaveras Unified

School District Calaveras

Others

Senior Community No

Tax ID 014-015-025-000

Special Listing Condition Offer As Is

Listed by Big Trees Real Estate

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(916) 743-0844

kelly@pleasantrealestategroup.com

27 Ridge RD Mokelumne Hill, CA 95245