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Key Details
Sold Price $485,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,310 sqft
Price per Sqft $146
MLS Listing ID 226096247
Sold Date 10/09/26
HOA Y/N No
Year Built 1936
Lot Size 1.030 Acres
Acres 1.03
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
This rare 5-unit Colfax property offers investors an opportunity worth a closer look. This 1 acre income-producing property offers strong cash flow in a highly accessible location just minutes from Interstate 80, providing convenient access for tenants commuting to Auburn, Grass Valley, Sacramento, and the Tahoe corridor. With five rental units, this property may be an ideal addition to an investor's portfolio or an opportunity for an owner looking to expand their multifamily holdings. The desirable location, steady rental demand, and proximity to shopping, restaurants, schools, and outdoor recreation make this a property to consider.
Location
State CA
County Placer
Area 12303
Direction Take Hwy 80 East to Exit 130 (Paoli Lane); turn Left at Ponderosa Way, and the property is on the left. Five structures, numbered 226, 230, 236, 240, and 246.
Rooms
Other Rooms Unit-1 Bedrooms: 1 Full Baths: 1 Total Rooms: 1 Rent: 1400
Interior
Heating Propane, Separate
Cooling Separate
Flooring Carpet
Laundry Other
Exterior
Parking Features Off Street, Uncovered, Varies by Unit
Utilities Available Propane
Water Access Desc Water District,Public
Total Parking Spaces 5
Building
Lot Description Shape Irregular
Story 1
Foundation Raised
Sewer Septic Connected
Water Water District, Public
Schools
Elementary Schools Placer Hills Union
Middle Schools Placer Hills Union
High Schools Placer Union High
School District Placer
Others
Senior Community No
Tax ID 072-120-015-000
Special Listing Condition Offer As Is, None
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Bought with eXp Realty of Northern California, Inc.
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