About 3237 Francis Avenue
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.
Features of 3237 Francis Avenue
| MLS® # | 226066987 |
|---|---|
| Price | $860,000 |
| Acres | 0.18 |
| Year Built | 1963 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 3237 Francis Avenue |
|---|---|
| Area | 12701 |
| City | Placerville |
| County | El Dorado |
| State | CA |
| Zip Code | 95667 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | Open,Street,Uncovered,Guest Parking Available |
| Has Pool | No |
Interior
| Interior | Vinyl,Wood |
|---|---|
| Appliances | Free Standing Refrigerator,Gas Cook Top,Built-In Gas Range |
| Heating | Propane |
| Cooling | Wall Unit(s),Window Unit(s) |
| Fireplace | No |
Exterior
| Lot Description | Central BBQ,Court |
|---|---|
| Foundation | Concrete, Slab |
School Information
| District | El Dorado Union High |
|---|---|
| Elementary | Placerville Union |
| Middle | Placerville Union |
| High | El Dorado Union High |
Additional Information
| Zoning | R2 |
|---|
Listing Details
| Office | ALIVE Commercial Real Estate |
|---|