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Cherry Creek Road

Grass Valley, CA 95949
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Do not disturb tenants. Incredible investment opportunity in a prime location. This unique income property features four detached homes on a single lot, providing an immediate cash flow from day one. It is an investor dream come true, especially with reliable tenants already in place who would love to stay. To make your transition seamless, Mountain Valley Property Management is already managing the rentals and can easily continue overseeing the property for the new owner. The property includes four distinct units, each offering unique features and privacy. Unit one, located at 18535, is a spacious three bedroom, two bathroom home that was tastefully updated just a few years ago. It features a fully fenced yard and a lovely garden space, along with ample parking for multiple vehic les and dedicated room for an RV. This house currently rents for $1,995 per month. Unit two, located at 18565, is a charming two bedroom, one bathroom home featuring a bright, open concept layout with high ceilings in the living room. It also includes its own private side yard and a covered porch. Unit three is a well designed studio that includes a functional office space, a loft, a full bathroom, a cozy living room, and a small kitchen. This unit enjoys a generous, nicely sized fenced yard. Unit four is another efficient studio layout, offering an office space, a small living room, a full kitchen, and its own private fenced yard. The entire property offers plenty of uncovered open parking spots allocated for each unit. Situated right off Highway 49, the location is unbeatable for convenience. Commuters will love the quick freeway access, making it a short drive to either downtown Grass Valley or Auburn. Residents are just minutes away from essential amenities, including Target, local shopping, and the nearby hospital. For outdoor enthusiasts, the property offers easy access to the beautiful local rivers and lakes, making this a highly desirable rental location for long term tenants. This turnkey multi unit property offers rare stability and excellent upside in a fantastic Sierra foothills location. It is being sold with tenants in place and subject to tenant rights.

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Detail Ic Property Details

Property Type : Residential Income

Price : $589,000

AD Id : 85521909

MLS Id : 226076251

Living Area Size : 3,000

Year Built : --

County : Nevada

  • Map Map

Map

Feature Features

  • Bedroom Information

    Window Feature: Dual Pane Partial

    Water/Sewer

    Sewer: Septic System
  • Flooring Information

    Carpet, Vinyl, Linoleum
  • Roofing Information

    Composition
  • Interior Features

    Roof: Composition Appliances: Free Standing Gas Range, Free Standing Refrigerator Laundry Features: Other
  • Heating & Cooling

    Heating: Wall Furnace Cooling: See Remarks WaterSource: Well

  • Building Information

    Stories: 1 Construction Materials: Wood Basement: None Roof: Composition Foundation Details: Raised
  • Exterior Features

    Dog Run
    Foundation Details: Raised
    Porch: See Remarks
  • Laundry Features

    Other

    Patio And Porch

    See Remarks

  • Lot Information

    Lot Description: Shape Irregular Lot Square Feet: 28,750 Stories: 1 Main Square Feet: 3,000 Topography: Level, Trees Few

    Property Information

    Property Type: Residential Income Sub Type: Quadruplex Style: Bungalow SQ ft (Living Area): 3,000 Construction Materials: Wood Cross Street: Oak Dr Source Neighborhood: 13111 Postal Code Plus 4: 8312 Area: Grass Valley S: 95949 Zoning: RA-3 Living Area Source: Not Verified Structure Type: House(s)

    Farm Info

    Irrigation Source: Shares Domestic Well

  • Listing Price Information

    Listing Id: 226076251 List Price: $589,000 List Price Tot SqFt: $196

  • Tax Information

    Parcel Number: 056-110-010-000

  • Parking Information

    Parking Total: 10 Uncovered

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

    Electric, Internet Available, Propane
  • Location Information

    Direction: Hwy 49> Oak Dr> First right
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ByOwner last updated this listing 06/24/2026 @ 15:49

MLS: 226076251 LISTED BY: Sierra Player, Real Broker Technologies SOURCE: MLS Metrolist

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