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    Palm Springs, CA Multifamily Properties for Sale

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    Desert Hot Springs, CA Whitewater, CA Cathedral City, CA North Palm Springs, CA Sky Valley, CA Rancho Mirage, CA Idyllwild, CA Thousand Palms, CA
    13 properties
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    Renovated 5-Unit Apartment Building
    Updated: Jul 15
    Renovated 5-Unit Apartment Building

    521 Desert Way, Palm Springs, CA 92264

    $1,357,900
    3,900 sqft 0.23 AC lot
    5‑unit apartment building in Palm Springs’ Demuth Park area; offers 3 long‑term residents for dependable cash flow
    Private pool and spa at the property
    Renovation includes ceramic tile flooring; heating is forced air and cooling is central air
    R2 zoning offers flexibility beyond traditional long‑term tenants (uses subject to Palm Springs City approval)
    Demuth Park nearby with a $7.5M investment, including 22 new pickleball courts, large/small dog parks, and the CV Link entrance
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    This listing looks promising.

    Here's a quick look at some key insights for

    521 Desert Way, Palm Springs, CA 92264

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    • Est. Cap Rate

      4.7%
      NOI ÷ price

    • Est. NOI

      $63K
      Annual

    • Mortgage

      $225K
      Dec 2019

    • Last Sold

      Jun 2012
      $210K

    • Property Type

      Apartment House
      Built 1963
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    Spanish-Style Triplex Investment
    Updated: Apr 21
    Spanish-Style Triplex Investment

    3760 El Dorado Boulevard, Palm Springs, CA 92262

    $1,590,000
    3,351 sqft 0.22 AC lot
    Central forced‑air heating with central air conditioning
    2006 construction with Spanish architectural style
    Private pool plus spa
    Garage parking with assigned parking
    Public water and public sewer
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    For-Sale Triplex Property
    For-Sale Triplex Property

    3760 El Dorado Boulevard, Palm Springs, CA 92262

    $1,590,000
    0.22 AC lot

    For sale triplex on a 0.22-acre lot in Palm Springs, CA.

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    Palm Springs Multifamily Investment Opportunity
    Palm Springs Multifamily Investment Opportunity

    3737 Calle De Carlos, Palm Springs, CA 92264

    $870,000
    3,800 sqft 0.23 AC lot

    Five-unit income property in Palm Springs' Demuth Park submarket.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    7-Unit Apartment Complex
    7-Unit Apartment Complex

    238 S Saturmino, Palm Springs, CA 92262

    $1,688,000

    For sale 7-unit apartment complex positioned near downtown amenities and major transportation routes.

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    Deepwell Apartments Multifamily Investment Opportunity
    Deepwell Apartments Multifamily Investment Opportunity

    1680 East Palm Canyon Drive, Palm Springs, CA 92264

    $5,995,000
    20,296 sqft 0.94 AC lot

    30+1 unit multifamily community in Palm Springs' Deepwell Estates.

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    Residential Income Mobile Home Park
    Residential Income Mobile Home Park

    305 Kona Lane, Palm Springs, CA 92264

    $199,000
    1,512 sqft

    For sale within a Palm Canyon Mobile Club community, offering a residential income opportunity in Riverside County.

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    Mid-Century Modern Retreat in Palm Springs
    Mid-Century Modern Retreat in Palm Springs

    2499 S Palm Canyon, Palm Springs, CA 92264

    $1,100,000
    0.41 AC lot

    Furnished desert escape with mountain views and resort vibes.

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    Palm Springs 7-Unit Apartment Complex
    Palm Springs 7-Unit Apartment Complex

    238 S Saturmino, Palm Springs, CA 92262

    $1,688,000

    7-unit apartment complex in desirable Palm Springs location.

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    Palm Springs Multifamily Investment Opportunity
    Palm Springs Multifamily Investment Opportunity

    1900 E Baristo Rd, Palm Springs, CA 92262

    $1,275,000

    Multifamily property in Palm Springs with investment potential.

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    High-Quality Triplex in North Palm
    High-Quality Triplex in North Palm

    3760 El Dorado Blvd, Palm Springs, CA 92262

    $1,590,000

    Stunning triplex with immediate cash flow in Palm Springs.

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    Palm Springs Apartment Community
    Palm Springs Apartment Community

    495 E Twin Palms Drive, Palm Springs, CA 92264

    $7,500,000
    2.34 AC lot

    51-unit apartment community near Downtown Palm Springs.

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    Palm Springs Fourplex Investment Opportunity
    Palm Springs Fourplex Investment Opportunity

    243 Avenida Ortega, Palm Springs, CA 92264

    Contact for pricing

    Fourplex in South Palm Springs with mountain views.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 13 Active listings in Palm Springs, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 59 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.

    Vacant Triplex Ready to Rent
    Vacant Triplex Ready to Rent

    29395 Avenida La Paz, Cathedral City, CA 92234

    $850,000
    4,442 sqft 0.19 AC lot

    Vacant triplex with two 3-bedroom units, one 2-bedroom unit with bonus room, and two separate 2-car garages.

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    Seven-Unit Multifamily Investment Opportunity
    Seven-Unit Multifamily Investment Opportunity

    27700 Avenida Terrazo, Cathedral City, CA 92234

    $1,250,000
    4,200 sqft 19,731.00 AC lot

    Seven units in Cathedral City near Palm Springs.

    View details
    Four-Plex Residential Income Property
    Four-Plex Residential Income Property

    33700 Pueblo Trl, Cathedral City, CA 92234

    $1,240,000

    Two-building four-plex with four fully rented 3-bedroom homes, each with a two-car garage and pool on a private lot.

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    RV Resort Lot in 55+ Community
    RV Resort Lot in 55+ Community

    282-69801 Ramon Rd, Cathedral City, CA 92234

    $47,000

    Own a seasonal RV lot within a 55+ resort featuring metered 50-amp electric and HOA-provided utilities.

    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.

    RV Resort Lot with Amenities
    RV Resort Lot with Amenities

    69411 Ramon Road, Unit 362, Cathedral City, CA 92234

    $67,000

    RV resort lot featuring golf, tennis, pools, and mountain views.

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    RV Ready Lot in ORPS
    RV Ready Lot in ORPS

    69411 Ramon Rd #304, Cathedral City, CA 92234

    $60,000

    Desirable lot in a luxury RV resort community.

    View details
    RV Lot in 55+ Resort
    RV Lot in 55+ Resort

    69801 Ramon, Cathedral City, CA 92234

    $49,500

    RV lot in a vibrant 55+ community with amenities.

    View details
    Zoned MLBT Land Parcel
    Zoned MLBT Land Parcel

    32060 Oakland, Thousand Palms, CA 92276

    $49,999
    0.09 AC lot

    Small for-sale land parcel in Thousand Palms, CA, zoned MLBT and suitable for buyers seeking light commercial use.

    View details

    Off-Market Properties in Palm Springs, CA

    Consider similar Off-Market properties in Palm Springs, 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.

    525 Thornhill Rd
    APARTMENT HOUSE (5+ UNITS)

    525 Thornhill Rd, Palm Springs, CA 92264-7880

    Value Estimation by Request
    1,514 sqft 0.34 AC lot
    View details
    520 Desert Vw Dr
    APARTMENT HOUSE (5+ UNITS)

    520 Desert Vw Dr, Palm Springs, CA 92264-1040

    $1,125,000
    Estimated value
    3,350 sqft 0.23 AC lot
    View details
    509 Highland Dr
    APARTMENT HOUSE (5+ UNITS)

    509 Highland Dr, Palm Springs, CA 92264-1070

    $3,245,000
    Estimated value
    14,824 sqft 0.70 AC lot
    View details
    3941 Calle De Ricardo
    APARTMENT HOUSE (5+ UNITS)

    3941 Calle De Ricardo, Palm Springs, CA 92264-1239

    $730,000
    Estimated value
    3,810 sqft 0.23 AC lot
    View details
    280 Mel Ave
    APARTMENT HOUSE (5+ UNITS)

    280 Mel Ave, Palm Springs, CA 92262-4817

    $1,655,000
    Estimated value
    2,032 sqft 0.48 AC lot
    View details
    579 Highland Dr
    APARTMENT HOUSE (5+ UNITS)

    579 Highland Dr, Palm Springs, CA 92264-1054

    Value Estimation by Request
    4,255 sqft 0.47 AC lot
    View details
    725 San Lorenzo Rd
    APARTMENT HOUSE (5+ UNITS)

    725 San Lorenzo Rd, Palm Springs, CA 92264-8124

    $680,000
    Estimated value
    4,738 sqft 0.26 AC lot
    View details
    817 Riverside Pl
    APARTMENT HOUSE (5+ UNITS)

    817 Riverside Pl, Palm Springs, CA 92264-8158

    $1,465,000
    Estimated value
    6,720 sqft 0.57 AC lot
    View details
    508 Desert Vw Dr
    APARTMENT HOUSE (5+ UNITS)

    508 Desert Vw Dr, Palm Springs, CA 92264-1037

    $725,000
    Estimated value
    2,372 sqft 0.23 AC lot
    View details
    584 Calle Palo Fierro
    APARTMENT HOUSE (5+ UNITS)

    584 Calle Palo Fierro, Palm Springs, CA 92264-7483

    $660,000
    Estimated value
    1,296 sqft 0.15 AC lot
    View details
    482 Pico Rd
    APARTMENT HOUSE (5+ UNITS)

    482 Pico Rd, Palm Springs, CA 92262-1918

    $910,000
    Estimated value
    3,475 sqft 0.23 AC lot
    View details

    Palm Springs, CA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Palm Springs, CA, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 32,859 square feet of properties for sale, with an estimated market value of $10,011,900.

    Sale prices for multifamily properties in Palm Springs, CA start at $199,000, averaging $2,002,380, and reaching up to $5,995,000 — 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 9
    Quadplexes 3
    Triplexes 3
    Mobile home & RV parks 2
    Duplexes 1

    Demographics Overview

    Population 46K
    Population Growth (5Y) -3.4%
    Median Household Income $72,583
    College Educated 32.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    92262 $1.7M
    92264 $3.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.39%
    Property Tax per SF $15.19 per SF
    Tax Rate vs County Average 0.20 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Riverside County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Palm Springs fall within the 10,000 to 25,000 square foot range.

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    • 92262

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