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Mixed-Use Property with Diverse Components
For Sale
$2,500,000

3251 N State St, Ukiah, CA 95482

Income-producing property combines apartments, mobile home sites, and a standalone commercial building.

Property SizeContact for details
Lot Size2.13 Acres
Days on Market49

Property Features for 3251 N State St

General Information

Standard status Active
Lot size 2.13 Acres
Property subtype Investment

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Cap Rate 7.2%
Multifamily Units 10

Building Details

Year Built 1950
Stories 1
Units 24
Listing Agency: W Real Estate
Listed By: Todd Schapmire · License #01414195
Source: Elliman
Added: Sep 11 Changed: Oct 26 Last Checked: Oct 28 at 9:18AM

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 W Real Estate

Rey
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Investment Insights

Based on property information with market context.

This mixed-use income property occupies a 2.13-acre parcel and includes 10 garden-level apartment units, 14 mobile home sites, and a separate commercial building. The combination creates multiple revenue sources within one property, with a reported 7.2% cap rate. The improvements date to 1950.

The property fronts North State Street and Lake Mendocino Drive at 3251 N State St in Ukiah, California. Highway 101 is nearby, and the site is positioned along a commercial corridor in Mendocino County. The property’s reported walk score is 0 and bike score is 38, classified as somewhat bikeable.

Key Highlights

  • 10 garden‑level apartment units
  • 14 mobile home sites
  • Standalone commercial building on the parcel

Property Analytics

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Current Use

Mobile home & RV ...

Suggested Use

Top Pick Dental Office Hair Salon Pharmacy Bakery Grocery & Convenience Store Carpet & Flooring Store

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

10
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

197
Businesses Nearby

Demographics for 95482, CA

33,276
Population
13,143
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
84%
High-School Grad
294.2 sq mi
ZIP Area
113
Density / Sq Mi
$70,063
Median Household Income
$38,707
Median Earnings
$1,335
Median Rent
$473,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Income-producing property combines apartments, mobile home sites, and a standalone commercial building.
Where is this mixed-use property located?
The property is located at 3251 N State St Ukiah, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 10 garden‑level apartment units; 14 mobile home sites; Standalone commercial building on the parcel
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