Property Details
About this Property
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 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.
MLS Listing Information
MLS #
ME225118927
MLS Source
MetroList Services, Inc.
Days on Site
9
Interior Features
Appliances
Cooktop - Gas, Other, Oven Range - Built-In, Gas, Refrigerator
Flooring
Vinyl, Wood
Cooling
Window/Wall Unit
Heating
Propane
Exterior Features
Foundation
Slab, Concrete Perimeter and Slab
Style
Flat
Parking, School, and Other Information
Garage/Parking
Guest / Visitor Parking, Street, Garage: 0 Car(s)
High School District
El Dorado Union High
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Zoning
R2
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 750 | 2 | 1/0 | $1,350 |
| 2 | 0 | 0 | 0/0 | $1,350 |
| 3 | 0 | 0 | 0/0 | $1,350 |
| 4 | 0 | 0 | 0/0 | $1,325 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
3237 Francis Ave is a Residential Income in Placerville, CA 95667. This 3,000 square foot property sits on a 7,841 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $895,000 and was built in –. This address can also be written as 3237 Francis Ave, Placerville, CA 95667.
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This listing information is up-to-date as of September 10, 2025. For the most current information, please contact Isaac Merritt, (530) 401-1885
