3237 Francis Ave
- Well Maintained Asset with Value Add Potential.
- Dual Pane Windows with Durable Stucco Exterior.
- Clear Upside Trajectory for New Owner by Improving Rents Without the Need for Major Renovations.
- Close Proximity to Downtown Placerville & Highway 50.
- All Spacious 2x1 Units with In-Unit Washer Machines, Perfect for an Owner Occupied Buyer Looking to Offset the Cost of Owning Multifamily.
Property Description
ALIVE Commercial Real Estate is pleased to offer 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 homeownership—driven by elevated purchase prices and interest rates—further 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. For investors, 3237 Francis Avenue presents an opportunity to acquire a well-located asset with clear pathways to value creation. The combination of limited supply, embedded rental upside, and durable tenant demand positions this property as a long-term, resilient investment capable of delivering attractive risk-adjusted returns.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $860,000 |
| No. of Units: | 4 |
| Year Built: | 1963 |
| Lot Size: | 0.18 Acres |
| Opportunity Zone: | No |
| Price per unit: | $215,000 |
| Property Website | Click Here |
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