Lake Homes with Multi Family Subtype

Lake County, located in the state of California, is home to the charming city of Lakeport. Nestled amidst the natural beauty of the region, Lakeport offers a serene and picturesque setting for residents to call home.

One of the notable aspects of the real estate market in Lake County is the availability of homes with the multi-family subtype. These properties are perfect for those seeking an investment opportunity or looking to accommodate extended family members under one roof.

Homes with the multi-family subtype provide the flexibility of multiple living units within a single property. This can range from duplexes and triplexes to apartment buildings, allowing homeowners to generate rental income or create separate living spaces for different generations.

Investing in multi-family properties can be a lucrative venture in Lake County. With the growing demand for rental housing, these homes offer a steady stream of rental income and the potential for long-term appreciation. Additionally, the multi-family subtype provides an opportunity for homeowners to live in one unit while renting out the others, making it an attractive option for those looking to offset their mortgage payments.

Lake County's real estate market, particularly the multi-family sector, presents a unique opportunity for investors and homeowners alike. Whether you're looking for an income-generating property or a flexible living arrangement, homes with the multi-family subtype in Lakeport offer a range of possibilities.

Newest Lake Homes with Multi Family Subtype

$795,000

LC26116832 MLS ⋅ Active Status

Opportunity knocks at 15692 Armstrong—an exceptional investment opportunity featuring four fully rented, beautifully remodeled units in desirable Middletown, each offering approximately 830 square feet of comfortable living space. Built in 1979 and thoughtfully updated, every unit includes 2 bedrooms, 1 bath, a spacious great room, and a well-appointed kitchen, with two units enjoying the added charm of a decorative fireplace in the living room. Recent upgrades include stylish new flooring, fresh interior and exterior paint, and meticulously remodeled kitchens showcasing center islands, new appliances, modern cabinetry, and updated finishes, while the refreshed bathrooms provide a clean, contemporary feel. Tenants appreciate access to the fenced side and back yard, covered carport parking, and convenient indoor laundry facilities with multiple washers and dryers. Ideally located close to shopping, the library, and the senior center in charming downtown Middletown, this turnkey fourplex offers strong rental income potential and is a standout opportunity to secure a solid, income-producing property and elevate your investment portfolio.

15692 Armstrong, Middletown

$1,100,000

LC26101264 MLS ⋅ Active Status

This rare lakefront property features eight charming waterfront units set along the shores of beautiful Clearlake, one of the best bass fishing lakes in the world, offering breathtaking views and a peaceful atmosphere. Enjoy the best of water front living! Each unit is thoughtfully positioned to capture colorful sunsets, and the relaxing sounds of the shoreline. Residents can enjoy direct lake access for boating, fishing, kayaking, swimming, or simply unwinding by the water. The property combines natural beauty with comfort, creating an inviting home for long-term tenants, or multi-family investment opportunities. The units offer bright interiors with windows that bring in natural light. Outdoor shared gathering spaces provide the perfect setting for morning coffee, evening sunsets, and lakeside entertaining. Three Studio's, three one bedroom's, and two~two bedroom units, each recently remodeled to perfection. This unique property delivers a true waterfront lifestyle with endless recreational opportunities at an unbeatable location. All turn key!

4550 Lakeshore, Lakeport

$525,000

LC26089009 MLS ⋅ Active Status

More Than Meets the Eye – Development Potential, Existing Income & Endless Possibilities! Opportunities like this are incredibly difficult to find in Lake County. Situated on 1.74 acres directly across from Clear Lake, this unique Commercial Resort-zoned property offers much more than the three existing residences—it offers the infrastructure and flexibility to continue growing. Already in place are four electrical hookups, four sewer hookups, and a private well serving the property, making future expansion far easier than starting from raw land. With three existing homes already on-site and room to add another residence with minimal additional infrastructure, the groundwork has already been laid for the next owner to unlock the property's full potential. Whether your vision is a multi-generational family compound, long-term rental investment, vacation rentals, RV/Mobile Park, cottages, or another income-producing concept, this property provides options that are increasingly difficult to find. Present usage includes a 2005 manufactured home with four bedrooms and two bathrooms, which is currently rented out. There's also another recently renovated home ready for occupancy, plus a stick-built house—believed to be one of the original 1930s structures—that showcases impressive craftsmanship but needs complete renovation. The site still contains pads from removed older units, as well as mature landscaping including palm trees, oaks, eucalyptus, roses, and wildflowers, adding value that cannot easily be replicated. Let’s not forget beautiful sunset lake views and convenient access to Highway 20.

2600 Lakeshore, Upper Lake

Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.