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$4,100,000

$7,200Reward *

311 Fairview Lane, Sonora, CA 95370Listing ID 226073207

311 Fairview Lane, Sonora, CA 95370

Active

Last updated: 6 days ago

Property Type

Residential Income

Property Sub Type

5 or More Units

Acres

1.49

Cooling

Wall Unit(s)

Heating

Wall Furnace, Other

Year Built

1980

Stories

Parking

Carport, Other

311 Fairview Ln is a 44-unit multifamily investment property located in Sonora, California. Built in 1980, the asset consists of approximately 31,095 square feet situated on a 1.49-acre parcel totaling approximately 64,904 square feet. The property serves the Downtown Sonora submarket and offers a balanced unit mix of 50% one-bedroom units and 50% two-bedroom units. Current market rents in the surrounding area average approximately $950-$1,150 for one-bedroom units and $1,350-$1,500 for two-bedroom units, presenting upside potential through future rent adjustments and operational improvements. Conveniently located near downtown Sonora with access to major transportation corridors, shopping centers, schools, employment hubs, and neighborhood amenities, the property benefits from steady rental demand driven by the area's workforce housing needs. An investment in solar panels may help reduce the landlord's electricity burden caused by a common water heater.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MetroList

All data, content or information on this site, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by the listing broker/agent or MetroList Services, Inc. Information from sources other than the listing broker/agent may be included on this site, and, unless otherwise specified, has not been verified by the listing broker/agent or MetroList Services, Inc. All data, content or information on this site should be independently reviewed and verified for accuracy.

For corrections to this data please contact Brytecore MLS Support.

MFRIEDRJ

311 Fairview Lane, Sonora, CA 95370

Market Report for 95370

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