Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$575,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
See This Home
Save This Home
See This Home
Save This Home
Rare Opportunity in the Heart of Ione - 1 Acre with 3 Homes and Endless Potential! This level 1-acre property, ideally situated in the heart of Ione, offers a rare and versatile investment opportunity. Featuring three separate homes, each with individual water, sewer, and PG&E hookups. This parcel is perfect for those seeking a project with promise. Whether you're an investor, contractor, or dream-home visionary, these homes with renovation potential are a true canvas for your dream design. With the infrastructure already in place, this property is also ideal for redevelopment. Possible teardown, start over and transform it into income-generating rentals, multi-family housing, or your own residential retreat. The possibilities are as wide as your imagination. This property is a rare find for investors, contractors, or visionary homeowners ready to bring new life to a charming piece of Ione. There are 3 addresses (318 is the corner house-916 sqft. 2/1), (314 is the center house with green trim-900 sqft. 2/1), (310 is the 2 story house-2000 sqft. 4/1) All sqft are estimates. Value is mostly for the land, location and 3 individual residential utility connections in place. Information deemed reliable but should be verified.

Full Property Details for 318 Preston Ave

General

  • Price: $575,000
  • Status: Active
  • Type: Multi-Family
  • Source: METROLIST_Cali
  • MLS ID: 225066897
  • Updated: 11/27/2025
  • Added to Site: 238 day(s) ago

Interior

  • Flooring: Other

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4
  • Optional Bedroom: 5

Other Rooms

  • Kitchen: Laminate Counter
  • Dining Room: Other
  • Laundry: Other

Parking

  • Carport Spaces: 2
  • Parking: Covered

Location

  • County: Amador
  • Cross Streets: Tregaski
  • Driving Directions: Located in the city of Ione, on corner of Preston and Tregaski across from Ione pharmacy. Access to property and parking is up Tregaski and to the right.

School Information

  • School District: Amador
  • Elem School District: Amador Unified
  • Midd School District: Amador Unified
  • High School District: Amador Unified

Heating & Cooling

  • Cooling Type: Other
  • Heating Type: See Remarks, Other
  • Heating Fuel: See Remarks, Other

Utilities

  • Sewer: Public Sewer
  • Water: Meter on Site, Public
  • Utility Description: Sewer Connected, Electric

Structural Information

  • Construction: Wood
  • Basement: Yes
  • Foundation: Combination, ConcretePerimeter, PillarPostPier
  • Roof: Composition
  • Stories/Levels: 1
  • Square Feet: 2,000
  • Sq. Ft. Source: Assessor Agent-Fill
  • Year Built: 1880

Additional Structures

  • Other Structures: Shed(s), Workshop, Outbuilding

Lot Features

  • Lot Size (Acres): 1.03
  • Lot Size (Sq. Ft.): 44,867
  • Street/Road Desc.: Paved
  • Irrigation System: None
  • Topography: Level
  • Zoning: NC
  • Lot Description: Shape Irregular

Disclosures and Reports

  • Special Conditions: None
  • APN: 004-090-023-000

Listed by Davenport Properties

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 318 Preston Ave —

  • Davenport Properties

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 318 Preston Ave

School District:Amador County Unified School District
NameGradesDistance
Ione Elementary School
415 South Ione Street, Ione, CA 95640
K-50.3 mi
Ione Junior High School
217 Rex Avenue, Jackson, CA 95642
6-88.5 mi
Argonaut High School
501 Argonaut Lane, Jackson, CA 95642
9-127.7 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 318 Preston Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/12/2025
Price Reduced
$575,000
-23.33%
MLS
5/23/2025
Listed
$750,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 318 Preston Ave

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Davenport Properties

318 Preston Avenue, Ione, CA 95640 (MLS# 225066897) is a Multi-Family property with units containing 4 bedrooms and 1 full bathroom. 318 Preston Avenue is currently listed for $575,000 and was received on May 23, 2025. Want to learn more about 318 Preston Avenue? Do you have questions about finding other Multi-Family real estate for sale in Ione? You can browse all Ione real estate or contact a Coldwell Banker agent to request more information.

Tour this property