Investor Goldmine: 3 Homes on 2.1 Acres with Multi‑Strategy Potential
Calling all investors this rare 2.1‑acre parcel features three income‑producing homes and offers multiple avenues to maximize ROI: monthly rental, rezoning opportunity, or long‑term development.
📍 Property Overview (2 APNs, sold as one):
1803 Mitchell Ave (southernmost): Cozy 2 bd/1 ba rental generating $1,200/mo.
1815 Mitchell Ave: Classic gem on its own parcel (APN 390‑020‑63) with central HVAC, original hardwood floors, and vibrant tile countertops. Includes 3 detached outbuildingsideal for workshop space or ancillary income.
1845 Mitchell Ave (northernmost): Spacious 3 bd/1 ba home featuring indoor laundry, expansive living area, fenced yard, 3‑car garage, and a metal storage shed. Plusthis house sits adjacent to open ground (included in the acreage) ready for build‑out.
💡 Why This Property Stands Out:
Cashflow from Day One: Rent all three homes while pursuing rezoning or development.
Development-Ready: Neighboring parcel recently subdivided into single-family lotssets a strong precedent.
Versatility: Ideal for investors specializing in long-term rentals, fix-and-flips, or multifamily development.
🔍 Highlights & ROI Drivers:
Immediate rental income across all units
Flexible strategies: hold, convert, or redevelop
Existing Homes can be cleaned up & rented out fast
All 3 house on city water. All 3 houses on septic tanks. City sewer at street, buyer to verify the cost & process to connect.
For sale
$750,000
1803 Mitchell Avenue, Selma, CA 93662
8beds
3baths
--sqft
Est.:
Triplex, Multi Family
Built in 1947
-- sqft lot
$720,000 Zestimate®
$--/sqft
$-- HOA
What's special
Fenced yardOriginal hardwood floorsVibrant tile countertopsIndoor laundryCentral hvac
- 38 days
- on Zillow |
- 646 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: June 27, 2025 at 01:48pm
Listed by:
Kyle J Wilkins 559-285-4841,
Universal Realty Services, Inc
Source: TCMLS,MLS#: 236042

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
Heating
- Central
Cooling
- Central Air, Evaporative Cooling
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 5
- Parking features: Garage
- Garage spaces: 5
Features
- Stories: 1
Lot
- Size: 1.83 Acres
Details
- Additional parcels included: 39002063
- Parcel number: 39002066
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
- Attached to another structure: Yes
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Private Sewer
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Selma
Financial & listing details
- Tax assessed value: $66,067
- Annual tax amount: $1,564
- Date on market: 6/27/2025
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