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Two-Dwelling Multifamily Property
For Sale
$1,150,000

14624 Cherokee Lane Grass, Grass Valley, CA 95945

Well-maintained residential income property with separate living quarters, equestrian improvements, gardens, and extensive outdoor amenities.

Property SizeContact for details
Days on Market96

Property Features for 14624 Cherokee Lane Grass

General Information

Standard status Active
Property subtype Multi-Family

Site & Location

Highway Access Yes
Road Access Yes

Units

Unit Mix 1 x 4BR+office, 1 x 1BR
Multifamily Units 2

Amenities

generator hookups
underground water tanks
greenhouses
barn
tack room
ornamental pond
patios
outdoor living spaces
Fireplace
Propane
Central
Wood Stove
Built-In Electric Oven
Free Standing Gas Range
Built-In Gas Oven
Built-In Gas Range
Built-In Refrigerator
Hood Over Range
Ice Maker
Dishwasher
Insulated Water Heater
Disposal
Microwave
Plumbed For Ice Maker
Self/Cont Clean Oven
Electric Water Heater
Tankless Water Heater
Cable Available, Electric, Internet Available, Propane, Propane Tank Leased, Shingle, Composition

Building Details

Year Built 1990
Stories 2
Listing Agency: Re/Max Gold
Listed By: Cheryl Rellstab · License #01162108
Source: Kw
Added: May 27 Changed: Aug 29 Last Checked: Aug 29 at 4:50PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max Gold

Investment Insights

Based on property information with market context.

Built in 1990, this multifamily property includes a primary residence and a separate second dwelling, each served by its own driveway. The main house provides four bedrooms, an office, two primary suites, and an ADA-accessible shower. The additional one-bedroom dwelling includes a bay window and art studio, supporting extended household living, guest accommodations, workspace, or rental use as stated in the property information.

The parcel is fully perimeter-fenced and includes a two-stall barn with tack room, three greenhouses with plumbing, and prepared areas for horses and gardening. Infrastructure includes generator hookups and two underground 1,500-gallon water tanks with a combined 3,000-gallon capacity, positioned at the top of the driveway for fire suppression and gravity-fed flow to the home. Japanese maples, roses, redbuds, Asian pear, cherry, plum, and fig trees surround an ornamental pond, patios, and additional outdoor living areas. The property is near the lake and approximately 10 minutes from town or I-80.

Key Highlights

  • Two separate dwellings with individual driveways
  • Main residence includes 4 bedrooms, an office, and two primary suites
  • Second dwelling offers 1 bedroom, a bay window, and an art studio

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Storage Facility Gym & Fitness Center Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

19
Businesses Nearby

Demographics for 95945, CA

26,302
Population
13,051
Households
2
Avg Household Size
50
Median Age
32%
College-Educated
94%
High-School Grad
61.1 sq mi
ZIP Area
430
Density / Sq Mi
$61,068
Median Household Income
$41,072
Median Earnings
$1,420
Median Rent
$496,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Well-maintained residential income property with separate living quarters, equestrian improvements, gardens, and extensive outdoor amenities.
Where is this multifamily property located?
The property is located at 14624 Cherokee Lane Grass Grass Valley, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two separate dwellings with individual driveways; Main residence includes 4 bedrooms, an office, and two primary suites; Second dwelling offers 1 bedroom, a bay window, and an art studio
More about this property
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