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21-Unit Apartment Property
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347 Nile Street, Nevada City, CA 95959

Wooded multifamily complex with shared laundry, exterior parking, and a central courtyard.

Property SizeContact for details
Lot Size0.86 Acres
Days on Market143

Property Features for 347 Nile Street

General Information

Standard status Active
Lot size 0.86 Acres
Property subtype Multifamily

Units

Unit Mix 7 x studio, 13 x 1BR/1BA, 1 x 2BR/2BA
Multifamily Units 21

Amenities

on-site laundry room

Building Details

Buildings 14
Listing Agency: Colliers - Sacramento, California
Listed By: Trevor Meleski · License #02245229
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 8:32PM

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 Colliers - Sacramento, California

Investment Insights

Based on property information with market context.

This apartment property occupies 0.86 acres and comprises 14 separate buildings arranged around a central courtyard, with parking along the perimeter. The 21-unit mix includes 7 studios, 13 one-bedroom/one-bath apartments, and 1 two-bedroom/two-bath apartment. The renovated two-bedroom unit features new cabinets, countertops, vanities, wood laminate flooring, ceiling fans, recessed lighting, and stainless-steel appliances. It also has private washer and dryer hookups, while the other apartments use an on-site laundry room.

The property is located in Nevada City, with Pioneer Park within walking distance and Old Historic Nevada City an 8-minute walk away. Pioneer Park spans 16 acres and includes a swimming pool, tennis courts, baseball fields, playground, amphitheater, and event facilities. Sacramento is slightly more than 60 miles away via Interstate 80 and CA-49, while Roseville is approximately 44 miles away.

Key Highlights

  • 21‑unit apartment property on 0.86 acres
  • 14 separate buildings arranged around an open central courtyard
  • Unit mix includes 7 studios, 13 1bed/1bath, and 1 2bed/2bath

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Storage Facility (Bike/Boat/Book/etc) Store Daycare Center Florist

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

21
Residential units

Location Intelligence

Trade Area within ½ mile

1,000
Businesses Nearby

Demographics for 95959, CA

18,621
Population
8,840
Households
2.1
Avg Household Size
53
Median Age
45%
College-Educated
96%
High-School Grad
311.9 sq mi
ZIP Area
60
Density / Sq Mi
$79,509
Median Household Income
$36,160
Median Earnings
$1,715
Median Rent
$603,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Apartment building - Wooded multifamily complex with shared laundry, exterior parking, and a central courtyard.
Where is this apartment building located?
The property is located at 347 Nile Street Nevada City, CA.
What are key features of this property?
This property features: 21‑unit apartment property on 0.86 acres; 14 separate buildings arranged around an open central courtyard; Unit mix includes 7 studios, 13 1bed/1bath, and 1 2bed/2bath
(916) 830-2584 Call to check price and availability
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