$844,000
$899,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
224 Bennett ST Grass Valley, CA 95945
1,411 SqFt
Key Details
Sold Price $844,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 1,411 sqft
Price per Sqft $598
MLS Listing ID 226087942
Sold Date 10/09/26
HOA Y/N No
Year Built 1890
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
Rare opportunity to acquire a six-unit multifamily investment property in one of Grass Valley's most desirable in-town locations. The property consists of a vintage duplex and a fourplex completed in 2012, offering a blend of classic character and newer construction. The unit mix includes three 1-bedroom units and three 2-bedroom units, with recent renovations and capital improvements throughout the property. Two units are currently vacant, providing an opportunity for immediate lease-up at current market rents. Each unit features its own laundry and separately metered PG&E service, while the owner pays the common area electric, water, sewer, and garbage. Assigned off-street parking is provided for each unit, plus an ADA parking space. Recent improvements include unit renovations, electrical upgrades, water heater replacement, flooring, paint, and other capital improvements designed to enhance long-term ownership. Located just minutes from historic downtown Grass Valley, shopping, restaurants, schools, and everyday services, the property continues to attract tenants seeking the convenience of in-town living. Whether you're expanding your investment portfolio or completing a 1031 exchange, 224 Bennett Street offers immediate income with additional upside through lease-up of the vacant units.
Location
State CA
County Nevada
Area 13105
Direction Hwy 49 to Colfax Hwy 174 exit, go straight at stop sign staying on frontage road parallel to Hwy, go straight again crossing Colfax Hwy staying on frontage road through two stop signs, then turn right on Bennett Street to PIQ.
Rooms
Other Rooms Unit-1 Approx SqFt: 953 Bedrooms: 2 Full Baths: 1 Partial Baths: 1 Total Rooms: 7 Occupancy: Vacant Rent: 1100 SqFt Source: Appraiser Unit-2 Approx SqFt: 564 Bedrooms: 1 Full Baths: 1 Occupancy: Tenant Rent: 550 SqFt Source: Appraiser Unit-3 Approx SqFt: 605 Bedrooms: 1 Full Baths: 1 Occupancy: Tenant Rent: 1100 SqFt Source: Appraiser Unit-4 Approx SqFt: 968 Bedrooms: 2 Full Baths: 1 Partial Baths: 1 Occupancy: Tenant Rent: 1050 SqFt Source: Appraiser
Interior
Heating Central, Varies by Unit, Natural Gas
Cooling Ceiling Fan(s), Central, Varies by Unit, Individual
Flooring Carpet, Tile, Laminate, Wood, Varies by Unit
Laundry Washer/Dryer Hookups
Exterior
Parking Features Off Street, Uncovered
Utilities Available Sewer Connected, City, Electric, Natural Gas Connected
Water Access Desc Public
Roof Type Metal
Total Parking Spaces 6
Building
Lot Description Sidewalk
Story 2
Foundation ConcretePerimeter, Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Grass Valley
Middle Schools Grass Valley
High Schools Nevada Joint Union
School District Nevada
Others
Senior Community No
Tax ID 008-423-002-000
Special Listing Condition Offer As Is
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Bought with California Realty Partners