165 First Avenue, Portola, CA 96122

$349,950

bedrooms

bathrooms

square feet

Acreage

0.14

Open Houses

year built

Full Baths

Half Baths

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Nestled in the heart of Portola, this unique multi-family investment opportunity presents a well-renovated collection of properties with a promising revenue potential. Live in 1 unit and cover your mortgage with other renters or rent out all the units. The property encompasses 3 s houses situated on a single lot, featuring a total of 4 distinct rental units. Designed with investors in mind, this offering promises not just immediate cash flow, but substantial rental income growth. Notably, three out of the four units have undergone interior renovations, combining modern appeal with functional living spaces that tenants are sure to appreciate. The central property at 181 First Ave serves as a duplex, offering two levels of living quarters while enhancing the property's income potential. The remaining units, located at 165 First Ave and 201 Nevada St. Investors will be keen to note the impressive financials that accompany this acquisition. With a current monthly income of $3,850 and a competitive cap rate of 7.4%. The property's strategic positioning in Portola adds to its allure. Residents enjoy the convenience of being within walking distance to the town's local parks, a community pool, and schools.

Location
Subdivision	-
County	PLUMAS
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 20250355

Listing agent: Amber Donnelly #01785209

Listing broker: Century 21 Tahoe North Realtors (530) 546-8224

Copyright © 2025 Plumas Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, April 23 2025 at 8:33 a.m. EDT

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