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$517,700
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Property Description
Live in one and rent the others! A unique opportunity in the heart of Lakeport, this established triplex offers the flexibility to create a home while generating income from the other two units. With one unit expected to become available October 1st, an owner-occupant may have the opportunity to move in while continuing to collect rent from the remaining units. The property features three 1-bedroom, 1-bath units with current total rents of $3,625 per month while fully occupied. Long-term tenants would like to remain, providing established rental history and income for a future owner. Each unit has its own private entrance and unique layout, including a larger rear unit with private outdoor space and a distinctive loft-style bedroom in Unit 2. Important recent improvements include a 2025 GAF Timberline HDZ 50-year composition roof with Golden Pledge warranty and mini-split heating and cooling systems. The property also offers three separate electric meters, off-street parking, a storage shed and a spacious shaded backyard with room to relax or garden. Located just blocks from downtown Lakeport, Clear Lake, the public boat launch, parks, restaurants, shopping and local amenities, 125 S Forbes offers flexibility for both owner-occupants and investors. Live in one and let the other units help offset your housing expenses, or continue operating the property as an established income-producing triplex.
Full Property Details
Full Property Details for 125 S Forbes
General
- Price: $517,700
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: LC26173498
- Updated: 9/4/2026
- Days on Market: 66 days
- Added to Site: 66 day(s) ago
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Location
- Area: LCLPS - Lakeport South
- County: Lake
- Development Name: LCLPS - Lakeport South
- Driving Directions: Hwy 29 to the 11th Street exit. Turn right onto 11th Street, then turn right onto S. Forbes Street.
Heating & Cooling
- Cooling Type: Ductless
Utilities
- Sewer: Public Sewer
- Water: Public
- # Electric Meters: 3
Structural Information
- Architectural Style: Victorian
- Roof: Composition
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 1,422
- Year Built: 1930
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.13
- Lot Size (Sq. Ft.): 5,663
- Lot Size Source: Assessor
Financial Considerations
- Price Per Sq. Ft.: $364.06
- Price Per Unit: 172567
Listed by W Real Estate, Trista Fossa
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Schools
Schools serving 125 S Forbes
School District:Lakeport Unified School District
| Name | Grades | Distance |
|---|---|---|
Lakeport Elementary School 150 Lange Street, Lakeport, CA 95453 | K-3 | 1.2 mi |
Terrace School 250 Lange Street, Lakeport, CA 95453 | 4-8 | 1.3 mi |
Clear Lake High School 350 Lange Street, Lakeport, CA 95453 | 9-12 | 1.3 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 125 S Forbes
Date
Details
Price
Change
Source
9/04/2026
Price Reduced
$517,700
-1.76%
MLS
8/08/2026
Listed
$527,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 125 S Forbes
125 S Forbes, Lakeport, CA 95453 (MLS# LC26173498) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 125 S Forbes is currently listed for $517,700 and was received on August 08, 2026. Want to learn more about 125 S Forbes? Do you have questions about finding other Multi-Family real estate for sale in Lakeport? You can browse all Lakeport real estate or contact a Coldwell Banker agent to request more information.
