2140 S State St Ukiah, CA 95482

2140 South State Street in Ukiah is a rare income and development opportunity featuring seven units across three detached homes and a charming Victorian four-plex, offering eleven spacious bedrooms and multiple rental streams. Each unit is separately metered for ease of management, while the well-kept grounds provide private yards, mature landscaping, and ample parking. Located in a desirable Opportunity Zone, this 1.8-acre property combines immediate income with exceptional long-term growth potential, as about three-quarters of the land remains open for new projects. The C-1 Limited Commercial zoning with MU-2 designation allows flexible options including residential, mixed-use, offices, retail, restaurants, or community services, with density up to one unit per 1,500 square feet and building heights up to 35 feet. Blending historic charm with future development potential, 2140 South State Street is a standout investment for seasoned investors, developers, and 1031 exchange buyers alike.