Cash cow! A unique income-producing asset on State Street that delivers a 7% 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!
Active
$2,500,000
3251 N State Street, Ukiah, CA 95482
18beds
--sqft
Multi Family
Built in 1950
-- sqft lot
$2,346,600 Zestimate®
$--/sqft
$-- HOA
What's special
- 11 days
- 212
- 1
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Todd Schapmire DRE #01414195 707-570-9855,
W Real Estate 707-591-0570
Source: BAREIS,MLS#: 326074646
Originating MLS: Sonoma
Originating MLS: SonomaFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 8
- Full bathrooms: 2
Heating
- Wall Furnace
Cooling
- Wall Unit(s)
Appliances
- Included: Free-Standing Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Varies By Unit
- Laundry: Other
Features
- Unit 1 - Beds: 1, Baths: 1, Square Footage: 0 | Unit 2 - Beds: 14, Baths: 7, Square Footage: 0 | Unit 3 - Beds: 3, Baths: 0, Square Footage: 0
- Flooring: Laminate, Other
Interior area
- Total structure area: 0
Video & virtual tour
Property
Parking
- Parking features: Uncovered
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 2.13 Acres
- Features: Landscape Front
Details
- Parcel number: 1691201600
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Modular/Mobile,Other
- Property subtype: Multi Family
Materials
- Wood Siding, Other
- Foundation: Other
- Roof: Shingle,Other
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: City, Electricity Connected, Internet Available, Natural Gas Connected, Sewer Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Ukiah
Financial & listing details
- Date on market: 9/10/2026
- Electric utility on property: Yes
Estimated market value
$2,346,600
$2.23M - $2.46M
$1,784/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2026 | Listed for sale | $2,500,000 |
Source:  BAREIS #326074646 Report a problem | ||
Public tax history
Tax history is unavailable.
Find assessor info on the county website
Monthly payment
Est. payment
