Cash cow! A unique income-producing asset on State Street that delivers a 7.2% cap rate across multiple revenue streams in one of Mendocino County's most accessible commercial corridors! This mixed-use multi-family offering combines 10 garden-level apartment units, 14 mobile home sites, and a standalone commercial building on a single 2.13-acre parcel with direct frontage on North State Street and Lake Mendocino Drive along with immediate proximity to Highway 101. The property's diversified rent roll spreads risk across apartments and mobile home space rent tenancy while offering value add potential with the commercial building. Its location places tenants within easy reach of Ukiah's core and regional traffic flow, supporting long-term occupancy and visibility. For an investor seeking stabilized cash flow with multiple income sources, this configuration offers both downside protection and room to add value!

Based on information submitted to CA_BAREIS as of September 11, 2026 8:03 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Property Details of 3251 N State Street

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Todd Schapmire

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Property Details of 3251 N State Street

Property Details

Basic Information

Building

Location

Water

Interior Features

Basement

Other

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

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