17910 OLD MONTE RIO Road, Guerneville, CA 95446, Guerneville, 95446 - 3 bed, 3 bath
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Guerneville, CA 95446
This Turn-Key Russian River Triplex is a high-yield income asset with a List Price of $675,000, aligning closely with its $673,703 Fair Market Value. Delivering a 7% Cap Rate with full occupancy, the property boasts an Excellent Condition Rating featuring modernized kitchens, bathrooms, and Hardwood Floors across all three units. Uniquely situated outside the flood zone, the property offers Partial River Views and a Private Deck without the requirement for flood insurance. This is a premier acquisition for Buy-and-Hold Investors or Vacation Rental Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17910 OLD MONTE RIO Road Subject | $675,000* List Price | 3 | 3 | 2,600 | $259 | - |
A 17420 Guernewood Lane Active | $549,000 List Price | 4 | 3 | 1,822 | $301 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a 1923 triplex that is described as turn-key and fully occupied. While the exterior maintains a rustic aesthetic consistent with its age and redwood forest setting, the listing highlights significant interior updates including modern kitchens, bathrooms, and hardwood floors in all three units. The property appears well-maintained with no immediate signs of deferred maintenance, making it move-in ready for tenants or owners.
Boasting a 7% cap rate and full occupancy, this turn-key triplex offers immediate and reliable cash flow for investors in a desirable vacation destination.
Uniquely situated above the Russian River, the property is located outside the flood zone, eliminating the need for costly flood insurance and reducing environmental risk.
Each of the three units features updated kitchens, bathrooms, and hardwood floors, providing a move-in-ready experience that minimizes immediate capital expenditure.
With only two on-site parking spaces provided for three separate units, parking logistics may be a challenge for tenants and their guests.
Originally built in 1923, the property may require more frequent long-term maintenance or infrastructure monitoring compared to newer residential income properties.
At a strong 7 prct cap rate and fully occupied, this turn-key Russian River triplex is the investment opportunity you've been waiting for. Tucked above the Russian River on Old Monte Rio Road, this charming triplex is privately situated out of the flood zone, with no flood insurance required, and just over a mile from Johnson's Beach. Whether you're looking for a long-term investment, vacation rental portfolio addition, or a private second home, this property checks every box. The approximately 2,600 SF triplex offers three units: a studio, a one-bedroom, and a two-bedroom, each updated with modern kitchens and bathrooms, hardwood floors, and partial river views. On-site laundry and two parking spaces round out the amenities. Start your mornings on the balcony overlooking the redwoods, or host guests on the spacious private deck. Enjoy the serenity of the forest while being just minutes from the shops, restaurants, and vibrant charm of downtown Guerneville.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,600 | 2,539 | 60% |
| Lot Size | 6,050 | 5,850 | 60% |
| Price | $675.0K | $549.0K | 80% |
| Price per sq ft | $260 | $242 | 60% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 243 | 40% |
Feb 28, 2013
$161,000
Public Record
Jun 29, 2006
$379,500
Public Record
Nov 20, 2001
$235,000
Public Record
$675,000
Initial Listing