Home | El Dorado County | Placerville | 95667 | 3077 Miles Way
MLS: ME226057767 | Status: Active | Price: $625,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | 1,584 | 0.5 | – |
3077 Miles Way, is a rare three-unit investment opportunity in the heart of historic Placerville. Constructed in 1963 and thoughtfully updated, this pride of ownership property sits on a 0.5-acre lot, walking distance to downtown's vibrant shops, dining, and a stone's throw from Marshall Hospital. The property features a desirable unit mix of (2) one-bedroom, one-bath units and (1) large, one-bedroom, two-bath owner's suite. The charming owner's suite, offers flexibility for an owner-occupant, short-term rental, or traditional lease. Current rents are approximately $250 below market, providing clear and immediate upside for a new owner to increase income without the need for significant renovations. Additionally, the vacant penthouse presents a turnkey opportunity for occupancy or income from day one. With a population of approximately 10,656, Placerville continues to experience a chronic housing shortage, with no new market-rate multifamily developments currently planned or under construction. High barriers to entrydriven by limited supply and escalating single-family home prices often exceeding $1,000,000have created a supply-constrained environment that supports strong rental demand and long-term asset appreciation. 3077 Miles Way is also well-suited for an owner-occupant s
| Field | Value |
|---|---|
| MLS # | ME226057767 |
| MLS Source | MetroList Services, Inc. |
| Days on Site | 6 |
| Feature | Details |
|---|---|
| Flooring | Tile |
| Cooling | Window/Wall Unit |
| Heating | Electric, Propane |
| Feature | Details |
|---|---|
| Foundation | Raised |
| Feature | Details |
|---|---|
| Garage/Parking | Off-Street Parking, Side By Side, Garage: 0 Car(s) |
| High School District | El Dorado Union High |
| Sewer | Public Sewer |
| Water | Public |
| HOA Fee | $0 |
| Zoning | R1-20 |
Isaac Merritt
ALIVE Commercial Real Estate
License #: 02153945
Phone: (530) 401-1885
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 2 | 3 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 800 | 1 | 2/0 | $2,200 |
| 2 | 0 | 1 | 1/0 | – |
| 3 | 0 | 1 | 1/0 | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Sierra Elementary School | public | K-5 | 0.28 mi | 8 |
| Louisiana Schnell Elementary School | public | K-5 | 1.16 mi | 3 |
| El Dorado High School | public | 9-12 | 1.17 mi | 7 |
| Edwin Markham Middle School | public | 6-8 | 1.41 mi | 7 |
| Herbert C. Green Middle School | public | 5-8 | 2.22 mi | 4 |
| Independence Continuation School | public | 9-12 | 2.58 mi | 2 |
| El Dorado Coe Adult Education | public | UG | 3.91 mi | N/A |
| Special Education School | public | KG,1,2,3,4,5,6,7,8,9,10,11,12,AE | 3.92 mi | N/A |
| Blue Ridge School | public | K-12 | 3.92 mi | N/A |
| Central Sierra Rop School | public | 10-12 | 3.92 mi | N/A |
| Indian Creek Elementary School | public | K-4 | 3.98 mi | 4 |
| Union Mine High School | public | 9-12 | 4.10 mi | 7 |
| Gold Oak Elementary School | public | K-5 | 4.63 mi | 3 |
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This listing information is up-to-date as of May 07, 2026. For the most current information, please contact Isaac Merritt, (530) 401-1885.