Home | Nevada County | Grass Valley | 95945 | 224 Bennett St
MLS: ME226087942 | Status: | Price: $899,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 1,411 | 7,405 | – |
Rare opportunity to acquire a six-unit multifamily investment property in one of Grass Valley's most desirable in-town locations. The property consists of a vintage duplex and a fourplex completed in 2012, offering a blend of classic character and newer construction. The unit mix includes three 1-bedroom units and three 2-bedroom units, with recent renovations and capital improvements throughout the property. Two units are currently vacant, providing an opportunity for immediate lease-up at current market rents. Each unit features its own laundry and separately metered PG&E service, while the owner pays the common area electric, water, sewer, and garbage. Assigned off-street parking is provided for each unit, plus an ADA parking space. Recent improvements include unit renovations, electrical upgrades, water heater replacement, flooring, paint, and other capital improvements designed to enhance long-term ownership. Located just minutes from historic downtown Grass Valley, shopping, restaurants, schools, and everyday services, the property continues to attract tenants seeking the convenience of in-town living. Whether you're expanding your investment portfolio or completing a 1031 exchange, 224 Bennett Street offers immediate income with additional upside through lease-up of
| Field | Value |
|---|---|
| MLS # | ME226087942 |
| MLS Source | MetroList Services, Inc. |
| Days on Site | 3 |
| Feature | Details |
|---|---|
| Flooring | Carpet, Laminate, Tile, Varies by Unit, Wood |
| Cooling | Air Conditioning - Individual, Ceiling Fan, Central Forced Air, Varies by Unit |
| Heating | Central Forced Air, Varies by Unit |
| Feature | Details |
|---|---|
| Roof | Metal |
| Foundation | Concrete Perimeter, Slab, Concrete Perimeter and Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Off-Street Parking, Garage: 0 Car(s) |
| Sewer | Public Sewer |
| Water | Public |
| HOA Fee | $0 |
| Zoning | NG-3 |
Michael Faulkenberry
Coldwell Banker Grass Roots Realty
License #: 02246897
Phone: (530) 270-9219
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 4 | 6 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 953 | 2 | 1/1 | $1,100 | – | – |
| 2 | 564 | 1 | 1/0 | $550 | – | – |
| 3 | 605 | 1 | 1/0 | $1,100 | – | – |
| 4 | 968 | 2 | 1/1 | $1,050 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Nu Tech High School | public | 9-12 | 0.41 mi | N/A |
| Silver Springs High (Continuation) School | public | 9-12 | 0.49 mi | 2 |
| Bell Hill Academy | public | K-4 | 0.53 mi | 7 |
| Lyman Gilmore Middle School | public | 5-8 | 0.86 mi | 4 |
| Grass Valley Preschool | public | UG | 0.92 mi | N/A |
| Margaret G. Scotten Elementary School | public | K-4 | 1.09 mi | 3 |
| Union Hill Middle | public | 7-8 | 1.34 mi | 7 |
| William & Marian Ghidotti High School | public | 9-12 | 1.39 mi | 10 |
| Early Childhood Education | public | UG | 1.39 mi | N/A |
| Nevada Adult | public | UG | 1.52 mi | N/A |
| North Point Academy | public | 9-12 | 1.58 mi | 7 |
| Nevada Union High School | public | 9-12 | 1.58 mi | 7 |
| Earle Jamieson Educational Options | public | 6-12 | 2.62 mi | N/A |
| Deer Creek Elementary School | public | K-3 | 2.82 mi | 6 |
| Nevada County Special Education School | public | K-8 | 2.87 mi | N/A |
| Seven Hills Intermediate School | public | 4-8 | 3.01 mi | 7 |
©2026 MetroList Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MetroList Services, Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of August 10, 2026. For the most current information, please contact Michael Faulkenberry, (530) 270-9219.