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$895,000

  • For Sale
  • Active
  • Multi-Family
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3237 Francis Avenue, a rare updated 4-unit, investment opportunity in the historic Gold Country community of Placerville, CA. Situated just a short walk from the shops and restaurants of downtown Placerville, the property benefits from an irreplaceable location with strong tenant appeal. The building consists of four (2) two-bedroom, one-bathroom units, each averaging approximately 750 square feet. The spacious floor plans and walkable location have fostered long-term tenancy, providing a stable foundation with meaningful upside through repositioning and rent growth. Placerville's multifamily market is uniquely supply-constrained. With a population of 10,656 residents and zero new market-rate multifamily construction underway or planned, the city faces a severe shortage of rental housing. At the same time, high barriers to homeownershipdriven by elevated purchase prices and interest ratesfurther constrain mobility and reinforce demand for quality rental product. This dynamic creates a favorable environment for landlords, where the cost of renting continues to represent a meaningful discount to owning.

Full Property Details for 3237 Francis Ave

General

  • Price: $895,000
  • Status: Active
  • Type: Multi-Family
  • Source: METROLIST_Cali
  • MLS ID: 225118927
  • Updated: 10/30/2025
  • Added to Site: 130 day(s) ago

Interior

  • Appliances: Free Standing Refrigerator, Gas Cook Top, Built-In Gas Range
  • Flooring: Vinyl, Wood

Rooms

Other Rooms

  • Laundry: In Each Unit, Other

Parking

  • Total Spaces: 6
  • Parking: Open, Street, Uncovered, Guest Parking Available

Location

  • Area: 12701
  • County: El Dorado
  • Cross Streets: Darlington Ave
  • Driving Directions: Property is near Marshall Hospital. Turn onto Darlington Ave from Cedar Ravine Rd, then turn onto Francis Ave.

School Information

  • School District: El Dorado
  • Elem School District: Placerville Union
  • Midd School District: Placerville Union
  • High School District: El Dorado Union High

Heating & Cooling

  • Cooling Type: Wall Unit(s), Window Unit(s)
  • Heating Type: Propane

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Sewer Connected, Other

Structural Information

  • Construction: Stucco, Glass, Wood
  • Foundation: Concrete, Slab
  • Stories/Levels: 2
  • Square Feet: 3,000
  • Sq. Ft. Source: Not Verified
  • Year Built: 1963

Unit Information

Unit 1

  • Bedrooms: 2

Unit 2

  • Bedrooms: 2

Unit 3

  • Bedrooms: 2

Unit 4

  • Bedrooms: 2

Lot Features

  • Property View: Downtown
  • Lot Size (Acres): 0.18
  • Lot Size (Sq. Ft.): 7,841
  • Irrigation System: Public District
  • Zoning: R2
  • Lot Description: Central BBQ, Court

Disclosures and Reports

  • Special Conditions: Offer As Is
  • APN: 051-263-009

Listed by ALIVE Commercial Real Estate

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— 3237 Francis Ave —

  • ALIVE Commercial Real Estate

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 3237 Francis Ave

School Districts:Placerville Union Elementary School District, El Dorado Union High School District
NameGradesDistance
El Dorado High School
561 Canal Street, Placerville, CA 95667
9-121.4 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 3237 Francis Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/10/2025
Listed
$895,000
383.78%
MLS
7/27/2010
Sold
$185,000
—
Public Record
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.

Tax History for 3237 Francis Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,681
3%
$236,872
2%
2023
$2,600
—
$232,228
2%
2023
$2,600
1%
$227,676
2%
2022
$2,565
1%
$223,213
2%
2021
$2,538
1%
$218,837
1%
2020
$2,503
1%
$216,594
2%
2019
$2,475
3%
$212,348
2%
2018
$2,406
1%
$208,185
2%
2017
$2,373
1%
$204,104
2%
2016
$2,339
3%
$200,103
2%
2015
$2,278
2%
$197,099
2%
2014
$2,241
—
$193,240
—
2013
$2,250
—
$192,369
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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

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NMLS#: 1598647

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Listed by ALIVE Commercial Real Estate

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3237 Francis Avenue, Placerville, CA 95667 (MLS# 225118927) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 3237 Francis Avenue is currently listed for $895,000 and was received on September 10, 2025. Want to learn more about 3237 Francis Avenue? Do you have questions about finding other Multi-Family real estate for sale in Placerville? You can browse all Placerville real estate or contact a Coldwell Banker agent to request more information.

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