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Ron Benning

ronbenning@yahoo.com +1(916) 730-3846

$ 625,000

Est. payment | -/mo

1,584 SqFt

Save

$ 625,000

Est. payment | -/mo

Save

1,584 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,584 sqft

Price per Sqft $394

MLS Listing ID 226057767

HOA Y/N No

Year Built 1963

Lot Size 21779.999 Acres

Acres 0.5

Property Sub-Type Triplex

Source MLS Metrolist

Property Description

3077 Miles Way, is a rare three-unit investment opportunity in the heart of historic Placerville. Constructed in 1963 and thoughtfully updated, this pride of ownership property sits on a 0.5-acre lot, walking distance to downtown's vibrant shops, dining, and a stone's throw from Marshall Hospital. The property features a desirable unit mix of (2) one-bedroom, one-bath units and (1) large, one-bedroom, two-bath owner's suite. The charming owner's suite, offers flexibility for an owner-occupant, short-term rental, or traditional lease. Current rents are approximately $250 below market, providing clear and immediate upside for a new owner to increase income without the need for significant renovations. Additionally, the vacant penthouse presents a turnkey opportunity for occupancy or income from day one. With a population of approximately 10,656, Placerville continues to experience a chronic housing shortage, with no new market-rate multifamily developments currently planned or under construction. High barriers to entrydriven by limited supply and escalating single-family home prices often exceeding $1,000,000have created a supply-constrained environment that supports strong rental demand and long-term asset appreciation. 3077 Miles Way is also well-suited for an owner-occupant seeking a primary residence with supplemental rental income to offset housing costs. Combining a low basis, proven demand, and immediate rental upside, 3077 Miles Way represents a compelling opportunity in one of Northern California's most supply-constrained rental markets.

Location

State CA

County El Dorado

Area 12701

Direction Barlett Ave to Miles Way.

Rooms

Other Rooms Unit-1 Approx SqFt: 800 Bedrooms: 1 Full Baths: 2 Rent: 2200 SqFt Source: Not Measured Unit-2 Bedrooms: 1 Full Baths: 1 Unit-3 Bedrooms: 1 Full Baths: 1

Interior

Heating Propane, Electric

Cooling Wall Unit(s)

Flooring Tile

Laundry In Each Unit

Exterior

Parking Features Off Street, Side-by-Side

Utilities Available Cable Connected, Sewer Connected, Electric, Propane

Water Access Desc Water District,Public

Porch Balcony/Deck

Total Parking Spaces 4

Building

Lot Description Private, Secluded

Foundation Raised

Sewer Sewer in Street, Public Sewer

Water Water District, 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 003-251-028-000

Special Listing Condition Other

Listed by ALIVE Commercial Real Estate

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(916) 730-3846

ronbenning@yahoo.com

Sacramento, 95825

Learn More About LPT Realty

3077 Miles Way Placerville, CA 95667