3077 Miles Way, Placerville, CA 95667
Local realty services provided by:CENTURY 21 Sierra Properties
3077 Miles Way,Placerville, CA 95667
$625,000
- - Beds
- - Baths
- 1,584 sq. ft.
- Multi-family
- Active
Listed by: isaac merritt
Office: alive commercial real estate
MLS#:226057767
Source:MFMLS
Price summary
- Price:$625,000
- Price per sq. ft.:$394.57
About this home
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....
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Home facts
- Year built:1963
- Listing ID #:226057767
- Added:1 day(s) ago
- Updated:May 08, 2026 at 12:04 AM
Rooms and interior
- Flooring:Tile Floor
- Living area:1,584 sq. ft.
Heating and cooling
- Cooling:Wall Unit(s)
- Heating:Electric, Propane
Structure and exterior
- Year built:1963
- Building area:1,584 sq. ft.
- Lot area:0.5 Acres
- Lot Features:Secluded
- Construction Materials:Wood
- Exterior Features:Balcony/Deck
- Foundation Description:Raised Foundation
Utilities
- Sewer:Public Sewer, Sewer in Street
Finances and disclosures
- Price:$625,000
- Price per sq. ft.:$394.57
Features and amenities
- Laundry features:In Each Unit
Parking
- Total parking spaces:4
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