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$279,500 Just Listed
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Property Description
Discover a rare investment opportunity on a spacious 5-acre parcel featuring four established rental homes that are currently occupied and generating income. This property delivers immediate cash flow while offering significant upside through targeted improvements and development potential. The four homes provide much-needed affordable housing in the area, attracting reliable tenants and creating a built-in demand for these practical, no-frills residences. While the units would benefit from cosmetic and functional updates (a classic value-add project), they are fully functional and continue to perform as solid rental producers. Rental income varies with market conditions and tenant turnover, but the portfolio has demonstrated consistent occupancy and long-term tenant retention. A standout feature is the existing foundation of a small burned unit, offering a straightforward path to rebuild and restore an additional dwelling. Combined with the possibility of developing one more unit on the expansive grounds (subject to local zoning and approvals), this property has clear potential to expand to five income streamsdramatically increasing net operating income for the savvy investor. Additional property highlights include: Shared well system with electricity paid by the owner and billed back to tenantsproviding a simple, transparent utility arrangement that keeps operations straightforward. Ample acreage for privacy, future expansion, outbuildings, or added amenities that could further boost appeal and rents.Strong investor appeal in a market hungry for affordable rental housing with room to scale. Whether you're looking to stabilize and grow an existing rental portfolio, undertake a value-add renovation for higher rents, or capitalize on the extra-unit potential, this 5-acre gem checks all the boxes for long-term cash flow and appreciation. The current setup delivers hands-off income today while the land and extra foundation unlock tomorrow's growth. Ideal for investors, developers, or owner-operators seeking a turnkey income producer with built-in upside. Serious inquiries onlyproof of funds requested. Contact us today for detailed financials, rent rolls, and a private showing. Don't miss this chance to own a piece of scalable, affordable housing real estate on prime acreage!
Full Property Details
Full Property Details for 27 Ridge Rd
General
- Price: $279,500
- Status: Active
- Type: Single Family
- Source: METROLIST_Cali
- MLS ID: 226048548
- Updated: Today (4/18/2026)
- Added to Site: Today
Interior
- Flooring: See Remarks
Rooms
Other Rooms
- Laundry: Varies by Unit
Parking
- Total Spaces: 20
- Parking: Off-Street Parking
Location
- Area: 22029
- County: Calaveras
- Cross Streets: Railroad Flat
- Driving Directions: Highway 26 to Ridge Road, or Mountain Ranch Road to Railroad Flat Road to the Corner of Ridge Road
School Information
- School District: Calaveras
- Elem School District: Calaveras Unified
- Midd School District: Calaveras Unified
- High School District: Calaveras Unified
Heating & Cooling
- Cooling Type: Varies by Unit
- Heating Type: Varies by Unit
Utilities
- Sewer: Septic Connected
- Water: Well
- Utility Description: Electric
Structural Information
- Construction: Wood
- Foundation: Concrete, SeeRemarks
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 2,490
- Sq. Ft. Source: Broker
- Year Built: 1946
Unit Information
- Studio/Effic Units: 1
Unit 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 5.29
- Lot Size (Sq. Ft.): 230,432
- Irrigation System: None
- Topography: Level
- Zoning: RA-20
- Lot Description: Corner, Shape Regular
Disclosures and Reports
- Special Conditions: Offer As Is
- APN: 014-015-025-000
Listed by Big Trees Real Estate
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Schools
Schools serving 27 Ridge Rd
School District:Calaveras Unified School District
| Name | Grades | Distance |
|---|---|---|
Calaveras High School 350 High School Street, San Andreas, CA 95249 | 9-12 | 12.9 mi |
Toyon Middle School 3412 Double Spring Rd., Valley Springs, CA 95252 | 7-8 | 15.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 27 Ridge Rd
Date
Details
Price
Change
Source
4/18/2026
Listed
$279,500
—
MLS
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
Estimate the Cost for 27 Ridge Rd
27 Ridge Road, Mokelumne Hill, CA 95245 (MLS# 226048548) is a Single Family property with 0 bedrooms and 0 full bathrooms. 27 Ridge Road is currently listed for $279,500 and was received on April 18, 2026. Want to learn more about 27 Ridge Road? Do you have questions about finding other Single Family real estate for sale in Mokelumne Hill? You can browse all Mokelumne Hill real estate or contact a Coldwell Banker agent to request more information.

