Palm Springs, CA Multifamily Properties for Sale

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38 properties

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Updated: Jul 24

Remodeled Mobile Home

31 Black Hawk Street, Palm Springs, CA 92264

$134,900

624 sqft

624 SF 1979 Fleetwood Crownpoint home with 1 bedroom and 1 bathroom
Updated interior with new flooring, paint, kitchen cabinetry, countertops, shower, and water heater
Oversized lot with no shared walls, fenced yard, two gates, and off‑street parking
Covered carport plus 16' x 6' storage shed with washer/dryer hookups
55+ community with pool, spa, clubhouse, fitness center, library, and shuffleboard courts

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Here's a quick look at some key insights for

31 Black Hawk Street, Palm Springs, CA 92264

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Est. Cap Rate

7.5%
Above avg (5.9%)
Est. NOI

$10K
Annual
Price @ 7% Cap

$144K
Above asking
Property Type

Mobile Home
Built 1979

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Updated: Aug 26

Gated Palm Springs Triplex

566 S Calle Ajo, Palm Springs, CA 92264

$939,000

1,840 sqft 0.14 AC lot

Three one‑bedroom, one‑bath residences in a single triplex
1,840 square feet of total living space on approximately 0.14 acres
Substantial rebuild completed from 2019 to 2021
New saltwater pool and spa installed in 2025 with Badujet Swim Jet Pro system
R2 zoning with all three units currently vacant

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Renovated 5-Unit Apartment Building

521 Desert Way, Palm Springs, CA 92264

$1,357,900

3,900 sqft 0.23 AC lot

Renovated 5-unit apartment building with three long-term residents and R2 zoning in Palm Springs.

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Spanish-Style Triplex with Pool

3760 El Dorado Boulevard, Palm Springs, CA 92262

$1,550,000

3,351 sqft 0.22 AC lot

Fully leased three-unit property with balconies, a private yard, and shared pool and spa amenities.

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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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Spanish-Style Triplex with Pool

3760 El Dorado Boulevard, Palm Springs, CA 92262

$1,550,000

0.22 AC lot

Fully leased residential property with private outdoor areas, mountain views, and central heating and cooling.

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7-Unit Apartment Building

238 S Saturmino, Palm Springs, CA 92262

$1,688,000

Apartment property with wall and window cooling units.

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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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Two-Bedroom 55+ Gated Mobile Home

133 Sage Dr, Palm Springs, CA 92264

$318,000

1,464 sqft

Remodeled two-bedroom, two-bath home with energy-efficient windows, quartz counters, and a private patio on the green belt.

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Residential Income Mobile Home Park

305 Kona Ln, 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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Updated Duplex with Pool and Spa

2-221 Avenida Ortega, Palm Springs, CA 92264

$795,000

1,624 sqft 0.17 AC lot

Two detached residences feature refreshed interiors, private parking, and access to an in-ground pool and spa.

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Single-Story 10-Unit Apartment Building

2200 E Sahara Rd, Palm Springs, CA 92262

$1,750,000

0.57 AC lot

A fully occupied 10-unit, single-story apartment property with studio and one-bedroom layouts plus an on-site laundry facility.

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Residential Income Property

145 Calle Arriba, Palm Springs, CA 92264

$183,000

1,392 sqft

Residential income property at 145 Calle Arriba in Palm Springs, CA 92264.

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Single-Story 14-Unit Apartment Property

219 S Saturmino Dr, Palm Springs, CA 92262

Contact for pricing

7,648 sqft 0.46 AC lot

Fourteen single-story units in a courtyard layout with private patios, built in 1963 and 1972.

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Two-Story Condominium Community

588 E San Lorenzo Rd, Palm Springs, CA 92264

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12,164 sqft 0.73 AC lot

Fully renovated in 2012, this gated 12-unit condominium community offers two- and three-bedroom layouts with a pool and courtyard.

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Mobile Home & RV Park

74 Venus St, Palm Springs, CA 92264

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500 sqft

For sale income property located on Venus Street with a specified listing size of 500.

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Remodeled Triplex with Heated Pool

502 Calle Santa Rosa South, Palm Springs, CA 92264

$899,000

1,700 sqft

Three-unit property with updated interiors, shared outdoor space, and R2 zoning.

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Mobile Home & RV Park

27 Jupiter St, Palm Springs, CA 92264

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480 sqft

Horizon Mobile Village is sold as-is and includes clubhouse, pool and spa, fitness room, and laundry amenities.

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Duplex with Private Pool

111 Canyon Rock Rd, Palm Springs, CA 92264

$649,000

2,096 sqft

Two-unit property pairing a three-bedroom residence with a separate one-bedroom living space in South Palm Springs.

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Renovated 5-Unit Multifamily Property

521 Desert Way, Palm Springs, CA 92264

$1,357,900

Renovated 5-unit apartment building offered with three long-term residents and R2 zoning flexibility subject to city approval.

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Six-Unit Apartment Complex

285 S Saturmino Dr, Palm Springs, CA 92262

Contact for pricing

5,100 sqft

Two-bedroom residences feature two bathrooms, a gated courtyard, pool, laundry room, and dedicated off-street parking.

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Residential Income Property

266 Araby Street, Palm Springs, CA 92264

$159,000

1,040 sqft

Located within Sahara Mobile Home Park, with access from Araby Street.

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24-Unit Apartment Community with Pools

1433 1455 N Indian Canyon Drive, Palm Springs, CA 92262

$3,500,000

Sunset Palms Apartments offers studios, one- and two-bedroom units with upgraded interiors, plus two gated pool courtyards and open parking.

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Triplex with Private Patios

610 S Calle Palo Fierro, Palm Springs, CA 92264

$1,090,000

Triplex featuring three 1-bedroom, 1-bath units with private patios, upgraded kitchens, and a courtyard with firepit.

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Palm Springs, CA Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Palm Springs, CA, showcased through 38 active listings on our real estate platform. These investment opportunities span a total of 78,561 square feet of properties for sale, with an estimated market value of $41,692,700.

Sale prices for multifamily properties in Palm Springs, CA start at $134,900, averaging $1,603,565, and reaching up to $7,500,000 — 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

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
92264	$1.2M
92262	$2M

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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