Exceptional Multifamily Investment Opportunity in Prime Vernon Location. Discover the potential of this income-generating four-plex situated on a spacious 0.29 acre lot in a highly convenient location. Whether you're expanding your real estate portfolio or stepping into multifamily investing, this property offers incredible value, versatility & potential. The building features four separate units with a shared front and rear entry, central hallway, and common laundry area. Three of the units offer three bedrooms, while the fourth unit has two bedrooms — all with functional layouts, including galley kitchens with dining areas, generous living rooms, and primary bedrooms featuring 2-piece ensuites. Outside, the partially fenced and treed backyard provides privacy and shade, while the ample front parking area has potential to accommodate RV or boat parking — a rare and desirable feature. Just steps away from community recreation, shopping, transit, and all the amenities Vernon has to offer, this property presents an attractive opportunity with potential of a 6%+ cap rate, whether you're looking to renovate, rent, or hold a multi-unit residential building in a central, high-demand area. Don't miss out — book your private viewing today! (id:2493)
Data was last updated December 8, 2025 at 11:45 PM (UTC)
Area Statistics
Listings on market:
62
Avg list price:
$479,000
Min list price:
$145,000
Max list price:
$1,999,000
Avg days on market:
80
Min days on market:
3
Max days on market:
307
Avg price per sq.ft.:
$366.45
These statistics are generated based on the current listing's property type
and located in
City of Vernon. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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