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$585,000
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Property Description
We are pleased to present this well-positioned triplex that features (1) 3-Bed/2-Bath, (1) 1-Bed/1-Bath, and (1) Studio unit, offering a flexible and diverse unit mix ideal for strong cash flow and tenant demand. Situated on an expansive 9,500+ sq. ft. lot, this single-story triplex provides tenants with private backyards and ample on-site parking, elevating the overall rentability of the property. Extensively renovated, recent capital improvements include updated electrical systems and newly installed private fencing for all units. (2) of the units have new copper plumbing, new split A/C units, new dual-pane windows, new kitchens, modern flooring-resulting in low operating costs and minimal deferred maintenance. Each unit is separately metered for electricity, maximizing NOI and reducing landlord expenses. With a GRM of 8.93 and an impressive current Cap Rate of 7.92%, this stabilized asset offers exceptional in-place cash flow with upside potential in rents. Perfect for 1031 buyers, first-time multi-family investors, or seasoned operators seeking strong yield in a low-maintenance asset. Don't miss this rare chance to own a great triplex in a high-demand rental corridor This property is part of a 13 unit portfolio for sale in Hemet (additional Duplex see MLS#CV25148384 and 8 units property see MLS#CV25151759)
Full Property Details
Full Property Details for 1220 E Campus Way
General
- Sold For: $585,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: CV25148426
- Added to Site: 198 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Down
- Fireplace(s): None
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: Driveway
- Parking: Driveway
Location
- Area: SRCAR - Southwest Riverside County
- County: Riverside
- Development Name: SRCAR - Southwest Riverside County
- Driving Directions: Just south of Menlo Ave and west of San Jacinto St
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 3
- # Electric Meters: 3
Structural Information
- Roof: Shingle
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,472
- Year Built: 1956
Lot Features
- Property View: None
- Lot Size (Acres): 0.219
- Lot Size Source: Assessor
- Lot Dimensions: 16
- Zoning: CI
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $236.65
- Price Per Unit: 198333
Listed by Re/Max 2000 Realty, Kristopher German
Sold by Pacific Cove Estates, Matthew Freeland
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Schools
Schools serving 1220 E Campus Way
School District:Hemet Unified School District
| Name | Grades | Distance |
|---|---|---|
Jacob Wiens Elementary School 935 East Campus Way, Hemet, CA 92543 | K-5 | 0.2 mi |
Rancho Viejo Middle School 985 South Cawston Avenue, Hemet, CA 92545 | 6-8 | 3.6 mi |
Tahquitz High School 4425 Titan Trail, Hemet, CA 92545 | 9-12 | 3.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1220 E Campus Way
Date
Details
Price
Change
Source
9/26/2025
Sold
$585,000
-1.68%
MLS
7/02/2025
Listed
$595,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1220 E Campus Way, Hemet, CA 92543 (MLS# CV25148426) is a Multi-Family property that was sold at $585,000 on September 26, 2025. Want to learn more about 1220 E Campus Way? Do you have questions about finding other Multi-Family real estate for sale in Hemet? You can browse all Hemet real estate or contact a Coldwell Banker agent to request more information.

