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Miles Way

Placerville, CA 95667
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3077 Miles Way, is a rare three-unit investment opportunity in the heart of historic Placerville. Constructed in 1963 and thoughtfully updated, this pride of ownership property sits on a 0.5-acre lot, walking distance to downtown's vibrant shops, dining, and a stone's throw from Marshall Hospital. The property features a desirable unit mix of (2) one-bedroom, one-bath units and (1) large, one-bedroom, two-bath owner's suite. The charming owner's suite, offers flexibility for an owner-occupant, short-term rental, or traditional lease. Current rents are approximately $250 below market, providing clear and immediate upside for a new owner to increase income without the need for significant renovations. Additionally, the vacant penthouse presents a turnkey opportunity for occupancy or income from day one. With a population of approximately 10,656, Placerville continues to experience a chronic housing shortage, with no new market-rate multifamily developments currently planned or under construction. High barriers to entrydriven by limited supply and escalating single-family home prices often exceeding $1,000,000have created a supply-constrained environment that supports strong rental demand and long-term asset appreciation. 3077 Miles Way is also well-suited for an owner-occupant seeking a primary residence with supplemental rental income to offset housing costs. Combining a low basis, proven demand, and immediate rental upside, 3077 Miles Way represents a compelling opportunity in one of Northern California's most supply-constrained rental markets.

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Detail Ic Property Details

Property Type : Residential Income

Price : $625,000

AD Id : 78058809

MLS Id : 226057767

Living Area Size : 1,584

Year Built : 1963

County : El Dorado

  • Map Map

Map

Feature Features

  • Water/Sewer

    Sewer: Sewer in Street, Public Sewer
  • Flooring Information

    Tile
  • Interior Features

    Laundry Features: In Each Unit
  • Heating & Cooling

    Heating: Propane, Electric Cooling: Wall Unit(s) WaterSource: Water District, Public

  • Building Information

    Year Built: 1963 Stories: 2 Construction Materials: Wood Foundation Details: Raised
  • Exterior Features

    Foundation Details: Raised
    Porch: Balcony/Deck
  • Laundry Features

    In Each Unit

    Patio And Porch

    Balcony/Deck

  • Lot Information

    Lot Description: Private, Secluded Lot Square Feet: 21,780 Main Square Feet: 1,584

    Property Information

    Property Type: Residential Income Sub Type: Triplex SQ ft (Living Area): 1,584 Construction Materials: Wood Property Age: 63 Cross Street: Cedar Ravine Rd Source Neighborhood: 12701 Area: Placerville S: 95667 Zoning: R1-20 Living Area Source: Assessor Auto-Fill Structure Type: Apartments

    Farm Info

    Irrigation Source: Other

  • Listing Price Information

    Listing Id: 226057767 List Price: $625,000 List Price Tot SqFt: $395

  • Tax Information

    Parcel Number: 003-251-028-000

  • Parking Information

    Parking Total: 4 Off Street, Side-by-Side

  • Elementary School District: Placerville Union
    Junior High School District: Placerville Union
    Senior High School District: El Dorado Union High
  • Utility Information

    Cable Connected, Sewer Connected, Electric, Propane
  • Location Information

    Direction: Barlett Ave to Miles Way.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
#1 Goldner Street, Placerville, CA, 95667 $620,000 -- -- --
Greenhills Road, Placerville, CA, 95667 $999,000 -- -- 1,774 1,774 SqFt
Francis Avenue, Placerville, CA, 95667 $875,000 -- -- 3,000 3,000 SqFt
Sippy Lane, Placerville, CA, 95667 $650,000 -- -- 2,370 2,370 SqFt
Sippy Lane, Placerville, CA, 95667 $650,000 -- -- 2,370 2,370 SqFt
Francis Avenue, Placerville, CA, 95667 $875,000 -- -- 3,000 3,000 SqFt
Manor Drive, Placerville, CA, 95667 $495,000 -- -- 1,560 1,560 SqFt
Sippy Lane, Placerville, CA, 95667 $665,000 -- -- 2,370 2,370 SqFt
Sippy Lane, Placerville, CA, 95667 $665,000 -- -- 2,370 2,370 SqFt
Anderson Way, Placerville, CA, 95667 $479,000 -- -- 586 586 SqFt

ByOwner last updated this listing 06/14/2026 @ 18:41

MLS: 226057767 LISTED BY: Isaac Merritt, ALIVE Commercial Real Estate SOURCE: MLS Metrolist

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