3237 Francis Avenue, Placerville, CA 95667
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
3237 Francis Avenue,Placerville, CA 95667
$860,000
- - Beds
- - Baths
- 3,000 sq. ft.
- Multi-family
- Active
Listed by: isaac merritt
Office: alive commercial real estate
MLS#:226066987
Source:MFMLS
Price summary
- Price:$860,000
- Price per sq. ft.:$286.67
About this home
PRICE REDUCED & GREAT CONDITION: 3237 Francis Avenue, a rare updated 4-unit, all 2bed, investment opportunity in the historic Gold Country community of Placerville, CA. Three year old roof, new electrical meters, new propane tanks, all washouts and main water lines recently cleaned! 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....
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Home facts
- Year built:1963
- Listing ID #:226066987
- Added:91 day(s) ago
- Updated:August 27, 2026 at 03:20 PM
Rooms and interior
- Flooring:Vinyl, Wood Floors
- Kitchen Description:Built-In Gas Range, Free Standing Refrigerator, Gas Cook Top
- Living area:3,000 sq. ft.
Heating and cooling
- Cooling:Wall Unit(s), Window Unit(s)
- Heating:Propane
Structure and exterior
- Year built:1963
- Building area:3,000 sq. ft.
- Lot area:0.18 Acres
- Construction Materials:Glass, Stucco, Wood
- Exterior Features:Balcony/Deck
- Foundation Description:Concrete, Slab
- Levels:2 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$860,000
- Price per sq. ft.:$286.67
Features and amenities
- Laundry features:In Each Unit
Parking
- Total parking spaces:6
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