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    165 1St Ave Portola, CA 96122

    For Sale
    $349,950

    Other - Portola, CA

    Lot size:
    0.14 Acres
    Days on Market:
    188
    Last Refresh:
    Dec 15 at 9:06 am

    Property Features for 165 1St Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Family Room, Utility Room
    Bedrooms
    9
    Bathrooms
    3
    APN
    126-133-018
    Parking
    2
    Parking features
    Other
    Patio and Porch features
    Porch
    Interior features
    Washer Hook Ups, Electric Stove Connection, Gas Stove Connection
    Exterior features
    Porch, Fence
    Fencing
    Fenced
    Appliances
    Range
    Lot size
    0.14 Acres

    Utilities

    Utilities
    Electricity Available
    Heating system
    Baseboard, Natural Gas, Propane (Heating)
    Cooling system
    Ceiling Fan(s)

    Building Details

    Floors in Building
    2
    Flooring type
    Carpet, Laminate
    Roof type
    Composition, Metal
    Architectural style
    Other

    CENTURY 21 TAHOE NORTH REALTORS (530) 546-8224

    Listing agent AMBER DONNELLY (530) 546-8224 License #01785209

    Listing date Jun 11, 2025

    MLS# 20250355 Listing URL

    Copyright © 2025 Plumas Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Family Investment Opportunity in Portola

    Located in Portola, this multi-family property features 4 distinct rental units across 3 houses on a single lot. The property at 181 First Ave is a duplex with two levels, featuring a 3-bedroom, 1-bath unit upstairs and a 2-bedroom, 1-bath unit downstairs. The other units are located at 165 First Ave, which is a studio unit with a fenced yard, and 201 Nevada St, which is a 3-bedroom, 1-bath unit with a fenced yard. Three of the four units have undergone interior renovations. The property offers a current monthly income of $3,850 and a cap rate of 7.4%. Residents benefit from the property's location, which is within walking distance of local parks, a community pool, and schools. The lot size is 0.14 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portola
    County
    Plumas
    State
    California
    Longitude
    -120.468236
    Latitude
    39.805601

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    FAQs

    What type of property is this?
    Apartment building - Four rental units on a single lot with income potential.
    Where is this apartment building located?
    The property is located at 165 1St Ave Portola, CA.
    What is the asking price?
    The asking price for this property is $349,950.
    What are key features of this property?
    This property features: - Multi-family investment property featuring 4 distinct rental units on a single lot.; - Promising revenue potential with a current monthly income of $3,850 and a 7.4% cap rate.; - Three out of four units have undergone interior renovations.
    (530) 546-8224
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    165 1St Ave Portola, CA 96122
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