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Bennett Street

Grass Valley, CA 95945
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Rare opportunity to acquire a six-unit multifamily investment property in one of Grass Valley's most desirable in-town locations. The property consists of a vintage duplex and a fourplex completed in 2012, offering a blend of classic character and newer construction. The unit mix includes three 1-bedroom units and three 2-bedroom units, with recent renovations and capital improvements throughout the property. Two units are currently vacant, providing an opportunity for immediate lease-up at current market rents. Each unit features its own laundry and separately metered PG&E service, while the owner pays the common area electric, water, sewer, and garbage. Assigned off-street parking is provided for each unit, plus an ADA parking space. Recent improvements include unit renovations, elect rical upgrades, water heater replacement, flooring, paint, and other capital improvements designed to enhance long-term ownership. Located just minutes from historic downtown Grass Valley, shopping, restaurants, schools, and everyday services, the property continues to attract tenants seeking the convenience of in-town living. Whether you're expanding your investment portfolio or completing a 1031 exchange, 224 Bennett Street offers immediate income with additional upside through lease-up of the vacant units.

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Detail Ic Property Details

Property Type : Residential Income

Price : $899,000

AD Id : 89400440

MLS Id : 226087942

Living Area Size : 1,411

Year Built : 1890

County : Nevada

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Feature Features

  • Water/Sewer

    Sewer: Public Sewer
  • Flooring Information

    Carpet, Tile, Laminate, Wood, Varies by Unit
  • Roofing Information

    Metal
  • Interior Features

    Roof: Metal Laundry Features: Washer/Dryer Hookups
  • Heating & Cooling

    Heating: Central, Varies by Unit, Natural Gas Cooling: Ceiling Fan(s), Central, Varies by Unit, Individual WaterSource: Public

  • Building Information

    Year Built: 1890 Stories: 2 Construction Materials: Wood Roof: Metal Foundation Details: ConcretePerimeter, Slab
  • Exterior Features

    Foundation Details: ConcretePerimeter, Slab
  • Laundry Features

    Washer/Dryer Hookups

  • Lot Information

    Lot Description: Sidewalk Lot Square Feet: 7,405 Stories: 2 Main Square Feet: 1,411

    Property Information

    Property Type: Residential Income Sub Type: 5 or More Units SQ ft (Living Area): 1,411 Construction Materials: Wood Property Age: 136 Cross Street: Depot St Source Neighborhood: 13105 Postal Code Plus 4: 6894 Area: Grass Valley S: 95945 Zoning: NG-3 Living Area Source: Assessor Auto-Fill Structure Type: Mixed Use

    Farm Info

    Irrigation Source: None

  • Listing Price Information

    Listing Id: 226087942 List Price: $899,000 List Price Tot SqFt: $637

  • Tax Information

    Parcel Number: 008-423-002-000

  • Parking Information

    Parking Total: 6 Off Street, Uncovered

  • Elementary School District: Grass Valley
    Junior High School District: Grass Valley
    Senior High School District: Nevada Joint Union
  • Utility Information

    Sewer Connected, City, Electric, Natural Gas Connected
  • Location Information

    Direction: Hwy 49 to Colfax Hwy 174 exit, go straight at stop sign staying on frontage road parallel to Hwy, go straight again crossing Colfax Hwy staying on frontage road through two stop signs, then turn right on Bennett Street to PIQ.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Cedar Crest Lane, Grass Valley, CA, 95945 $449,000 2 2 1,178 1,178 SqFt
Fifield Road, Grass Valley, CA, 95945 $499,000 3 3 1,704 1,704 SqFt
Lower Colfax Road, Grass Valley, CA, 95945 $1,100,000 4 4 4,028 4,028 SqFt
Silver Way, Grass Valley, CA, 95945 $499,000 3 2 1,381 1,381 SqFt
Christophers Place, Grass Valley, CA, 95945 $884,000 4 3 3,543 3,543 SqFt
S Ponderosa Way, Grass Valley, CA, 95945 $1,050,000 4 4 4,939 4,939 SqFt
Tim Burr Lane, Grass Valley, CA, 95945 $515,000 3 3 1,712 1,712 SqFt
Brunswick, Grass Valley, CA, 95945 $465,000 2 1 1,150 1,150 SqFt
Golden Lily Court, Grass Valley, CA, 95945 $1,175,000 3 4 3,650 3,650 SqFt
Rodriguez Court, Grass Valley, CA, 95945 $634,888 4 3 1,894 1,894 SqFt

ByOwner last updated this listing 08/17/2026 @ 22:42

MLS: 226087942 LISTED BY: Michael Faulkenberry, Coldwell Banker Grass Roots Realty SOURCE: MLS Metrolist

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