677 Armstrong Street Lakeport, CA $ 999,000
677 Armstrong Street
$ 999,000
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677 Armstrong Street

Lakeport, CA, 95453
$ 999,000
Baths1.1 Sq 7,188

Monthly Estimate*

$ 6,151

Listed by RE/MAX Gold Lake County
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Studio

Multi-Family Home for sale in Lakeport, CA

for $999,000 with 1 full bath, 1 half bath. This 7,188 square foot home was built in 1994 on a lot size of 0.38.

Exceptional investment opportunity featuring two well-maintained triplexes with strong pride of ownership throughout. This unique complex offers a total of six spacious units including four 3-bedroom, 1.5-bath units with attached 2-car garages and interior laundry rooms, plus two 2-bedroom, 1-bath units with oversized 3-car garages and laundry hookups. UNITS ARE SEPARATELY METERED tenants pay all utilities. Several units have received tasteful cosmetic upgrades, and all units are thoughtfully designed with large, open floor plans, abundant windows, and bright, airy living spaces. With direct garage access to every unit, the property offers a true condominium-style feel that tenants love. The low-maintenance exterior makes this property even more attractive for investors, while the recently painted exterior and roof replacement in 2017 reflect the seller’s ongoing commitment to upkeep and care. This is a clean, exceptionally well-maintained complex with excellent rental appeal — Property benefits from strong word- of- mouth tenant interest and consistent rental inquiries. Ideally located in the heart of downtown Lakeport, tenants enjoy close proximity to shopping, schools, restaurants, public transportation, and beautiful Clear Lake. With its desirable location, spacious unit design, and strong long-term rental demand, this property offers immediate income stability with outstanding future financial upside potential. A rare opportunity to own an attractive, high-demand multi-unit investment property with long-term growth potential.

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Multi-Family Contingent

Price

$ 999,000

Bedrooms

Studio

Full Bath

1

Half Bath

1

Property Type

Multi-Family

Taxes

$ 10,305

Style

Lot Size

0.38

Year Built

1994

Town/City

Lakeport

County/Region

Lake

MLS | Web ID

LC26099675

Days on Market

5

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Sewer Connected Water Connected
Possession Close Of Escrow
Roof Composition
Appliances Electric Range Refrigerator Water Heater
HOA Fee 0
Garage Spaces 11
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Wood Siding
Year Built 1994
Tenant Pays Electricity Sewer Trash Collection Water
Stories Count 2
Levels Two
Property Subtype Triplex
Gross Income 76800
Community Features Biking Fishing Golf Hiking Lake
Additional Parcels Description 025293080
County Lake
Net Operating Income 57800
Operating Expense 19000
Insurance Expense 8000
New Construction false
Property Type Residential Income
HOA false
Garage Y/N true
Special Listing Conditions Standard
Status Active Under Contract
Directions Main Street to Armstrong to properties
City Lakeport
Entry Location Door /Garage
Senior Community Y/N false
Number Of Units Total 6
MLS Area LCLPN - Lakeport North
Lot Size Units Square Feet
Lot Size Square Feet 16552
Listing Terms Submit
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 10305
Electric Expense 300
Current Financing None
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active Under Contract
Year Built Source Assessor
Property Sub Type Additional Triplex
Cap Rate 5.7
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Interior
Interior Amenities Ceiling Fan(s) Open Floorplan
Fireplace Features None
Total Stories 2
Common Walls 1 Common Wall No One Above No One Below
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Washer Hookup Electric Dryer Hookup
Entry Level 2
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Exterior
Fencing Fair Condition
Parking Features Driveway Level Door-Single Garage Garage Door Opener
Lot Features 6-10 Units/Acre
Water Source Public
Total Parking 11
Lot Size Area 16552
Number of Buildings 2
Spa false
Building Area Total 7188
Lot Size Acres 0.38
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 6
Number of Separate Gas Meters 0
Number of Separate Electric Meters 6
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* Excluded Features
List By
Re/Max Gold Lake County

Broker

denisemarino@pacific.net

Email

Affordability Calculator

$7,010
Per Month
88%
12%
0%
Monthly Principal & Interest
$6,151
Monthly Property Taxes
$859
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/15/2026$999,000 Listed Price

Map


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677 Armstrong Street, Lakeport, CA, 95453 is a Multi-Family Home for sale at $999,000 with 7,188 sqft and a lot size of 0.38. 677 Armstrong Street is a studio with 1.1 baths and was built in 1994. The property's zip code is 95453 which is in Lakeport, CA