Rare Commercial/Residential Investment Opportunity in Downtown Ukiah! This fully occupied, income-producing property offers a unique combination of commercial and residential spaces, featuring four commercial rental units and seven residential income units. With multiple income streams and a strong rental market, this property presents an excellent opportunity for investors looking to expand or diversify their portfolio. Ideally located in the heart of downtown Ukiah, the property benefits from excellent visibility and convenient access to the many amenities of downtown living. The central location helps attract quality tenants and customers while providing convenience to shopping, dining, services, and other downtown attractions. Zoned C-1, this versatile property offers the opportunity to live and work on-site while benefiting from a strong rental market. A unique opportunity for investors seeking established income and long-term potential in a prime downtown location. Located approximately two hours north of the Golden Gate Bridge and one hour from Sonoma County Airport.
Active
$1,250,000
534 S State Street, Ukiah, CA 95482
5beds
--sqft
Multi Family
Built in ----
-- sqft lot
$1,219,200 Zestimate®
$--/sqft
$-- HOA
What's special
Excellent visibilityPrime downtown locationCentral location
- 7 days
- 320
- 14
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Patricia McMillen DRE #01064106 707-367-0036,
RE/MAX Gold - Selzer and Assoc 707-462-6514,
Alex T McMillen DRE #01986308 707-367-1102,
RE/MAX Gold - Selzer and Assoc
Source: BAREIS,MLS#: 326072317
Originating MLS: Mendocino
Originating MLS: MendocinoFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
Heating
- Has Heating (Unspecified Type)
Cooling
- Has cooling: Yes
Appliances
- Included: Varies By Unit
- Laundry: Common Area
Features
- Unit 1 - Beds: 5, Baths: 5, Square Footage: 5000 | Unit 2 - Beds: 0, Baths: 0, Square Footage: 0 | Unit 3 - Beds: 0, Baths: 0, Square Footage: 0
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 7
- Parking features: Attached, On Street, Uncovered
- Attached garage spaces: 5
- Uncovered spaces: 2
Features
- Levels: Multi/Split,Three Or More
- Has view: Yes
- View description: Downtown
Lot
- Size: 10,018 Square Feet
- Features: Sidewalk
Details
- Parcel number: 0022721200
- Zoning: C1
- Special conditions: Offer As Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Stucco, Wood Siding
- Foundation: Slab
- Roof: Composition
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, City
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Double Strapped Water Heater, Fire Alarm, Secured Access
HOA
- Has HOA: No
Location
- Region: Ukiah
Financial & listing details
- Tax assessed value: $919,385
- Annual tax amount: $11,606
- Date on market: 8/24/2026
- Tenant pays: Other
Estimated market value
$1,219,200
$1.16M - $1.28M
$2,438/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/24/2026 | Listed for sale | $1,250,000+66.7% |
Source:  BAREIS #326072317 Report a problem | ||
| 1/17/2014 | Sold | $750,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,606 +3.9% | $919,385 +2% |
| 2024 | $11,171 +0.9% | $901,358 +2% |
| 2023 | $11,067 +3.3% | $883,685 +2% |
| 2022 | $10,712 | $866,359 +2% |
| 2021 | -- | $849,373 +1% |
| 2020 | $10,138 +6% | $840,653 +2% |
| 2019 | $9,569 +2.5% | $824,175 +2% |
| 2018 | $9,333 +1.6% | $808,020 +2% |
| 2017 | $9,181 +3.1% | $792,180 +2% |
| 2016 | $8,908 +0.8% | $776,647 +1.5% |
| 2015 | $8,836 | $764,985 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 95482
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