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    Nevada City, CA
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    Nevada City, CA Multifamily Properties for Sale

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    Grass Valley, CA Penn Valley, CA North San Juan, CA
    Nevada City Multifamily Investment
    Updated: Mar 24
    Nevada City Multifamily Investment

    475 Spring St, Nevada City, CA 95959

    $2,050,000
    9,200 sqft
    Just Listed: Investment Opportunity
    Boasting a 7.12% CAP Rate
    Priced at $2,050,000
    Located in Nevada City, CA
    Year Built: 1964
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    This listing looks promising.

    Here's a quick look at some key insights for

    475 Spring St, Nevada City, CA 95959

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    • Est. Cap Rate

      5.9%
      Above avg (5.9%)

    • Est. NOI

      $121K
      Annual

    • Price @ 7% Cap

      $1.73M
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 1964
    View Property Analytics
    Mixed-Use Asset in Historic Downtown
    Updated: Mar 24
    Mixed-Use Asset in Historic Downtown

    100 Union St, Nevada City, CA 95959

    $3,100,000
    10,223 sqft
    Irreplaceable asset in the heart of historic downtown Nevada City.
    100% occupied mixed‑use property generating strong in‑place net operating income of $172,134.
    Significant near‑term NOI growth potential (21.8% projected from Year 0 to Year 3).
    Modern construction (built in 2008) with desirable features: passenger elevator, secured subgrade parking, and modern mechanical systems.
    Diversified income streams from nine tenants across retail, office, and residential units.
    View details
    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 2 Active listings in Nevada City, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    412-423 D St, Marysville, CA
    412-423 D St, Marysville, CA

    412-423 D St, Marysville, CA 95901

    $998,000
    12,196 sqft

    Fully occupied mixed-use property with immediate returns in downtown Marysville.

    View details
    Duplex with Owner-Occupant Flexibility
    Duplex with Owner-Occupant Flexibility

    293 Cornwall Avenue, Grass Valley, CA 95945

    $525,000

    Duplex for sale at 291-293 Cornwall Avenue, positioned for rental income or an owner-occupied setup near downtown Grass Valley.

    View details
    Downtown Mixed-Use Building in Grass Valley
    Downtown Mixed-Use Building in Grass Valley

    246 S Church Street, Grass Valley, CA 95945

    $695,000
    5,458 sqft

    5,464 SF mixed-use building with redevelopment potential in downtown Grass Valley.

    View details
    Marysville Fourplex: Turnkey Investment Opportunity
    Marysville Fourplex: Turnkey Investment Opportunity

    20 3rd St, Marysville, CA 95901

    $599,000
    3,280 sqft

    Well-maintained, fully occupied fourplex in Marysville with recent renovations.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Mountain View Acreage in Berry Creek
    Mountain View Acreage in Berry Creek

    374 Jatko, Berry Creek, CA 95916

    $125,000
    6.79 AC lot

    6.79 acres of terraced land with mountain views.

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    Plumas County 5-Acre Residential Land
    Plumas County 5-Acre Residential Land

    350 Espinal DR, Portola, CA 96122

    $50,000
    5.06 AC lot

    5-acre residential land parcel in Plumas County, California.

    View details
    Land in Carson City, Nevada
    Land in Carson City, Nevada

    2387 Sneddon Way, Carson City, NV 89706

    $150,000

    Land available in Carson City, Nevada.

    View details
    Land with Private Well
    Land with Private Well

    7114 Horseshoe, Corning, CA 96021

    $34,900
    1.28 AC lot

    Over an acre of land with a private well.

    View details

    Off-Market Properties in Nevada City, CA

    Consider similar Off-Market properties in Nevada City, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    31004 Relief Hl Rd
    MOBILE HOME PARK, TRAILER PARK

    31004 Relief Hl Rd, Nevada City, CA 95959

    Value Estimation by Request
    20.00 AC lot
    View details
    251 Willow Vly Rd
    MOBILE HOME PARK, TRAILER PARK

    251 Willow Vly Rd, Nevada City, CA 95959-2357

    Value Estimation by Request
    3.31 AC lot
    View details
    31041 Relief Hl Rd
    CAMPGROUND, RV PARK

    31041 Relief Hl Rd, Nevada City, CA 95959

    $715,000
    Estimated value
    18.19 AC lot
    View details
    821 Zion St, Unit B
    MOBILE HOME PARK, TRAILER PARK

    821 Zion St, Nevada City, CA 95959-2943

    Unit B
    Value Estimation by Request
    4,220 sqft · 1.70 AC lot
    View details
    18814 Starduster Dr
    Multifamily properties

    18814 Starduster Dr, Nevada City, CA 95959

    Value Estimation by Request
    3,591 sqft · 10.00 AC lot
    View details
    12102 Red Gate Rd
    Multifamily properties

    12102 Red Gate Rd, Nevada City, CA 95959

    Value Estimation by Request
    9,216 sqft · 48.00 AC lot
    View details

    Nevada City, CA Multifamily Properties Market Trends and Statistics

    Explore 8 multifamily properties for sale in Nevada City, CA on our real estate platform. These investment opportunities span a total of 19,423 square feet of properties for sale, with an estimated market value of $5,150,000.

    Sale prices for multifamily properties in Nevada City, CA start at $2,050,000, averaging $2,575,000, and reaching up to $3,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    Demographics Overview

    Population 18K
    Population Growth (5Y) +0.6%
    Median Household Income $79,509
    College Educated 61.7%

    High-Yield Neighborhoods for Investment

    Identify Nevada City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    95959 $2.6M

    Taxes & Financing

    Tax Rate (average for all types) 1.04%
    Property Tax per SF $13.05 per SF
    Tax Rate vs County Average 0.24 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Nevada County

    New Delisted

    Total CRE Inventory on Market (SF)

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