Live in one and rent the others! A unique opportunity in the heart of Lakeport, this established triplex offers the flexibility to create a home while generating income from the other two units. With one unit expected to become available October 1st, an owner-occupant may have the opportunity to move in while continuing to collect rent from the remaining units. The property features three 1-bedroom, 1-bath units with current total rents of $3,625 per month while fully occupied. Long-term tenants would like to remain, providing established rental history and income for a future owner. Each unit has its own private entrance and unique layout, including a larger rear unit with private outdoor space and a distinctive loft-style bedroom in Unit 2. Important recent improvements include a 2025 GAF Timberline HDZ 50-year composition roof with Golden Pledge warranty and mini-split heating and cooling systems. The property also offers three separate electric meters, off-street parking, a storage shed and a spacious shaded backyard with room to relax or garden. Located just blocks from downtown Lakeport, Clear Lake, the public boat launch, parks, restaurants, shopping and local amenities, 125 S Forbes offers flexibility for both owner-occupants and investors. Live in one and let the other units help offset your housing expenses, or continue operating the property as an established income-producing triplex.
Active
Price cut: $9.3K (9/4)
$517,700
125 S Forbes Street, Lakeport, CA 95453
3beds
1,250sqft
Triplex
Built in 1930
-- sqft lot
$-- Zestimate®
$414/sqft
$-- HOA
What's special
- 61 days
- 171
- 16
Zillow last checked:
Listing updated:
Listed by:
Trista Fossa DRE #01976772 707-349-3416,
W Real Estate 707-380-0003
Source: BAREIS,MLS#: 326068368
Originating MLS: Mendocino
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- Partial bathrooms: 1
Heating
- Ductless
Cooling
- Ductless
Appliances
- Laundry: Other
Features
- Unit 1 - Beds: 3, Baths: 3, Square Footage: 1500 | Unit 2 - Beds: 0, Baths: 0, Square Footage: 0 | Unit 3 - Beds: 0, Baths: 0, Square Footage: 0
Interior area
- Total structure area: 1,250
- Total interior livable area: 1,250 sqft
Property
Parking
- Total spaces: 4
- Parking features: On Street, Uncovered
- Uncovered spaces: 4
Features
- Levels: Two
Lot
- Size: 5,662 Square Feet
- Features: Curb(s), Sidewalk
Details
- Parcel number: 025321030000
- Special conditions: Offer As Is,Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Triplex
Condition
- Year built: 1930
Utilities & green energy
- Electric: Separate Meters
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Lakeport
Financial & listing details
- Price per square foot: $414/sqft
- Tax assessed value: $273,075
- Date on market: 8/8/2026
- Tenant pays: Cable TV, Electricity
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Price change | $517,700-1.8%$414/sqft |
Source: | ||
| 8/8/2026 | Listed for sale | $527,000+119.6%$422/sqft |
Source: | ||
| 7/20/2018 | Sold | $240,000-3.8%$192/sqft |
Source: Public Record Report a problem | ||
| 5/18/2018 | Pending sale | $249,500$200/sqft |
Source: Country Air Properties #LC17193837 Report a problem | ||
| 12/4/2017 | Listed for sale | $249,500$200/sqft |
Source: Country Air - Lakeport #LC17193837 Report a problem | ||
| 10/26/2017 | Pending sale | $249,500$200/sqft |
Source: Country Air - Lakeport #LC17193837 Report a problem | ||
| 8/22/2017 | Listed for sale | $249,500$200/sqft |
Source: Country Air - Lakeport #LC17193837 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $273,075 +2% |
| 2025 | $3,431 +2.5% | $267,721 +2% |
| 2024 | $3,349 +1.3% | $262,472 +2% |
| 2023 | $3,304 +8.1% | $257,326 +2% |
| 2022 | $3,057 +1.2% | $252,281 +2% |
| 2021 | $3,021 +3.3% | $247,335 +1% |
| 2020 | $2,925 +0.5% | $244,800 +2% |
| 2019 | $2,911 +55.4% | $240,000 +59.2% |
| 2018 | $1,874 +0.6% | $150,714 +2% |
| 2017 | $1,862 +2.8% | $147,760 +2% |
| 2016 | $1,812 +1.1% | $144,864 +1.5% |
| 2015 | $1,792 +7.4% | $142,689 +2% |
| 2014 | $1,668 -1.1% | $139,895 +0.5% |
| 2013 | $1,687 +1.4% | $139,264 +2% |
| 2012 | $1,664 +2.4% | $136,534 +2% |
| 2011 | $1,625 +0.3% | $133,857 +0.8% |
| 2010 | $1,620 +16.2% | $132,858 +17.3% |
| 2008 | $1,394 +17.2% | $113,261 +18.5% |
| 2007 | $1,190 +1.4% | $95,594 +2% |
| 2006 | $1,173 +4.2% | $93,721 +2% |
| 2005 | $1,126 -1.1% | $91,884 +2% |
| 2004 | $1,138 +1.2% | $90,084 +1.9% |
| 2003 | $1,124 +0.4% | $88,434 +2% |
| 2002 | $1,120 +218.8% | $86,700 +319.8% |
| 2001 | $351 -9.9% | $20,651 |
| 2000 | $390 | $20,651 |
Find assessor info on the county website
Monthly payment
Est. payment





