
Livermore, California 94551
This Triplex Residential Income Asset represents a High-Potential Investment Opportunity, listed at $1,499,000—positioned well below the $1,550,000 Fair Market Value by 3%. This valuation gap offers $51,000 in Instant Equity. Featuring a Condition Rating of 3, the property includes a recently updated, vacant unit alongside two income-producing residences. With six covered parking spaces and proximity to the ACE station, this is a prime acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through flexible, multi-unit rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 231 N K Street Subject 0 bd · 0 ba · 3,720 sqft · $417 | $1,499,000* List Price | 0 | 0 | 3,720 | $417 | - |
A 2347 Chestnut St Active 0 bd · 0 ba · 3,458 sqft · $491 · 0.2 mi | $1,699,000 List Price | 0 | 0 | 3,458 | $491 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1989 but well-maintained and functional. One unit has been recently updated and is move-in ready with newer flooring and stainless steel appliances, though the kitchen cabinetry retains a dated style.
The property features a vacant, recently updated 3-bedroom unit ready for immediate move-in or market-rate leasing, while the two occupied units provide instant cash flow to offset mortgage costs.
Rare for a triplex, the property offers six covered parking spaces, including two enclosed garages, providing a significant competitive advantage in the rental market and added convenience for residents.
Ideally situated near Downtown Livermore's dining and tasting rooms, the property also offers excellent proximity to I-580 and the ACE station, making it highly attractive to professional commuters.
The property has been on the market for 46 days and has already undergone a price reduction, which may indicate that the initial valuation was high relative to current buyer demand.
With two units occupied at the close of escrow, the new owner has restricted ability to immediately renovate the entire building or adjust all rents to current market levels.
Three residences, one strong opportunity. This Livermore triplex offers a desirable unit mixtwo 3-bedroom, 2-bath homes and one 2-bedroom, 2.5-bath homeacross approximately 3,720 square feet of living space on a 7,492 square foot lot. Each residence features its own washer and dryer for added convenience and independence. One of the 3-bedroom units has been recently updated and is delivered vacant and move-in ready, while the other two units are occupied and producing income from close of escrow. That combination creates flexibility: an owner-occupant can settle into the updated unit while the other two help offset the mortgage, accommodate extended family with separation and privacy, or an investor can lease the vacant unit at today's market rent and hold all three units as income-producing rentals. Parking is a standout, with six covered spaces, including two enclosed garage spaces, plus additional street parking. The location adds even more appealclose to shopping and dining, minutes from Downtown Livermore's restaurants and tasting rooms, and convenient to I-580 and the ACE station for commuters. A well-located multifamily property with income potential and flexibility built in.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.6 mi
Grades K-8 • 0.3 mi
No sensitive facilities data found.
Sep 18, 2026
$1,499,000
$1,550,000
-3% Price Drop
Initial Listing
Aug 13, 2026
$1,550,000
Initial Listing