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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
    : 
    Quadruplex
    Built in 1964
    -- sqft lot
    $591,900 Zestimate®
    $273/sqft
    $-- HOA

    What's special

    Yard spaceSpacious lotPrivate entrance
    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.
    14 days
    on Zillow
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    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#: SW25168552MLS LogoOriginating MLS: California Regional MLS
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    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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