Exceptional investment opportunity in the heart of Banning, CA! This unique property features FOUR separate income-producing structures on one spacious lot — two 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units. Whether you're looking to build your rental portfolio, create a multi-generational living setup, or live in one and rent the others, the possibilities are endless.
Each unit offers its own private entrance and yard space, ideal for tenant privacy and comfort. The property is conveniently located near shopping, schools, freeway access, and just minutes from the expanding Downtown Banning area.
With strong rental potential and a layout perfectly suited for maximizing cash flow, this property is a rare find. Don’t miss out on this versatile and high-demand investment!
NEIGHBORING PROPERTY CAN ALSO BE INCLUDED - SEE SW25135253. DON'T MISS OUT.
For sale
Listing Provided by:
Nicole Hicks DRE #02198376 520-406-6289,
Realty Masters & Associates
$600,000
688 W Nicolet St, Banning, CA 92220
6beds
2,200sqft
Est.:
Quadruplex
Built in 1964
-- sqft lot
$591,900 Zestimate®
$273/sqft
$-- HOA
What's special
Yard spaceSpacious lotPrivate entrance
- 14 days
- on Zillow |
- 264 |
- 19 |
Zillow last checked: 7 hours ago
Listing updated: July 31, 2025 at 06:48am
Listing Provided by:
Nicole Hicks DRE #02198376 520-406-6289,
Realty Masters & Associates
Source: CRMLS,MLS#: SW25168552
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 6
- Main level bedrooms: 6
Rooms
- Room types: Bedroom
Bedroom
- Features: All Bedrooms Down
Heating
- None
Cooling
- None
Appliances
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,200 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: Ground
- Pool features: None
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.45 Acres
- Features: 0-1 Unit/Acre
Details
- Parcel number: 540141013
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Suburban
- Subdivision: Terrain Estates
Location
- Region: Banning
Financial & listing details
- Price per square foot: $273/sqft
- Tax assessed value: $409,950
- Annual tax amount: $5,702
- Date on market: 7/26/2025
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional
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