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

3251 N State Street, Ukiah, CA 95482

Residential Income, Ukiah, CA

Property SizeContact for details
Lot Size2.13 Acres
Days on Market28

Property Features for 3251 N State Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 18
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bedroom 10, Bedroom 13, Bedroom 14, Bedroom 2, Bathroom 1, Bedroom 18, Bedroom 7, Bedroom 4, Bedroom 3, Bedroom 11, Bedroom 15, Bedroom 12, Bathroom 2, Bedroom 6, Bedroom 8, Bedroom 9, Bedroom 5, Bedroom 16, Bedroom 17
Parking features Covered
Appliances Free-Standing Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Varies By Unit
Lot features Landscape Front
Directions Hwy 101 to exit 522, east on Lake Mendocino Dr. First left on North State St. About one block on the right.
Subdivision Calpella/Redwood Vly
Standard status Active
APN 1691201600
Lot size 2.13 Acres

Utilities

Sewer type Public Sewer
Heating system Wall Furnace
Cooling system Wall Unit(s)
Water source Public

Building Details

Year built 1950
Floors in Building 1
Number of units 24
Flooring type Laminate
Building materials Wood Siding
Roof type Shingle
Architectural style Other
Listing Agency: W Real Estate
Listed By: Todd Schapmire · License #01414195
Added: Sep 10 Changed: Oct 3 Last Checked: Oct 7 at 10:06AM
MLS# 326074646

Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2.13-acre mixed-use property brings together 9 garden-level apartment units, a 2-bedroom/1-bathroom house, 14 mobile home sites, and a separate commercial building. Constructed in 1950, the property has public water and sewer service. The reported cap rate is 7.37%.

The site fronts North State Street and Lake Mendocino Drive, with Highway 101 nearby. Its residential and commercial components occupy one parcel, with multiple property types represented across the site.

Key Highlights

  • 2.13‑acre parcel with 9 garden‑level apartments, a 2‑bedroom/1‑bath house, 14 mobile home sites, and a commercial building
  • 7.37% cap rate
  • Frontage on North State Street and Lake Mendocino Drive

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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - A varied residential and commercial property combines apartment homes, a house, mobile home sites, and a separate commercial building.
Where is this mixed-use property located?
The property is located at 3251 N State Street 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: 2.13‑acre parcel with 9 garden‑level apartments, a 2‑bedroom/1‑bath house, 14 mobile home sites, and a commercial building; 7.37% cap rate; Frontage on North State Street and Lake Mendocino Drive
More about this property
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