3237 Francis Ave, Placerville, CA 95667 For Sale

ALIVE Commercial Real Estate is pleased to offer 3237 Francis Avenue, a 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 homeownership-driven by elevated purchase prices and interest rates-further 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. For investors, 3237 Francis Avenue presents an opportunity to acquire a well-located asset with clear pathways to value creation. The combination of limited supply, embedded rental upside, and durable tenant demand positions this property as a long-term, resilient investment capable of delivering attractive risk-adjusted returns.