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3251 N State Street, Ukiah, CA 95482

Ukiah
Local realty services provided by:CENTURY 21 Kobetz Realty
3251 N State Street,Ukiah, CA 95482
$2,500,000
  • 5 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: todd schapmire
Office: w real estate
MLS#:326074646
Source:CABAREIS

Price summary

  • Price:$2,500,000

About this home

Cash cow! A unique income-producing asset on State Street that delivers a 7.2% cap rate across multiple revenue streams in one of Mendocino County's most accessible commercial corridors! This mixed-use multi-family offering combines 9 garden-level apartment units, one 2/1 house, 14 mobile home sites, and a standalone commercial building on a single 2.13-acre parcel with direct frontage on North State Street and Lake Mendocino Drive along with immediate proximity to Highway 101. The property's diversified rent roll spreads risk across apartments and mobile home space rent tenancy while offering value add potential with the commercial building. Its location places tenants within easy reach of Ukiah's core and regional traffic flow, supporting long-term occupancy and visibility. For an investor seeking stabilized cash flow with multiple income sources, this configuration offers both downside protection and room to add value!

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Home facts

  • Year built:1950
  • Listing ID #:326074646
  • Updated:September 12, 2026 at 03:08 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Laminate

Heating and cooling

  • Cooling:Wall Unit(s)
  • Heating:Wall Furnace

Structure and exterior

  • Roof:Shingle
  • Year built:1950
  • Lot area:2.13 Acres
  • Lot Features:Landscape Front
  • Architectural Style:Modular/Mobile

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,500,000

Parking

  • Parking description:Uncovered
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