Hemet Multi-Family Properties for Sale

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Newest Hemet Multi-Family Homes for Sale

$569,900

PW26198449 MLS ⋅ Active Status

This spacious duplex sits on a desirable, large corner lot. Each unit includes 2 comfortable bedrooms, 2 bathrooms, and the convenience of its own attached 2-car garage.

763 Ponderosa Dr., Hemet

$749,999

SW26190122 MLS ⋅ Active Status

LOCATION, LOCATION, LOCATION Offered at $749,999 with a cap rate of 7.2% The property features four separate apartment units totaling 2,000 square feet of living space, fully fenced with private patios for each unit + 6 parking spaces, providing strong rental income. Two of the four units have undergone major remodels, with Units A & D completely remodeled as of Aug 2026, from top to bottom, new kitchen cabinets, new flooring, new walls, fresh paint, new bathrooms including toilets, vanitiy, fixtures, new closets, front doors, ceiling fans, screens, fresh exterior paint as of Aug 2026 and more! Creating a fresh, modern ambience. This extensive renovation provides a significant advantage for both attracting quality tenants and positioning the property for strong rental income. Located approximately 1 mile from Downtown Hemet and a 7 minute walk from the Hemet Police Dept, a 3 min drive from Hemet Elementary School, and a 3 min drive from Hemet Adult School. This property offers convenient access to shopping, dining, schools, parks, entertainment, and everyday amenities with strong tenants. But wait, there is more! 191 N Inez comes with a pest control contract up to Dec 2026 FULLY PAID. Don’t miss this opportunity to own a substantially improved four-unit property in a convenient Hemet location. This four-unit multifamily property presents an excellent opportunity for investors or first time buyers seeking an income-producing asset in an established Hemet location.

191 N Inez St, Hemet

$569,900

PW26196741 MLS ⋅ Active Status

Spacious duplex featuring two units, each with 2 bedrooms, 1 bathroom, and an attached 1-car garage. Unit A includes a renovated primary bathroom, upgraded quartz kitchen countertops, new dishwasher, new bedroom flooring, removed popcorn ceilings throughout, and fresh interior paint. Unit B features a brand-new water heater.

43670 C, Hemet

$569,900

PW26196677 MLS ⋅ Active Status

Spacious duplex featuring two units, each with 2 bedrooms, 2 bathrooms. Unit 26112 offers newer flooring in the bedrooms and a new dishwasher. Unit 26114 includes a new dishwasher, newer flooring in the bedrooms and living room, and a new A/C condenser unit. One 2 car detached garage.

26112 Camphorwood Ave, Hemet

$569,900

PW26196603 MLS ⋅ Active Status

Spacious duplex featuring two units, each with 2 bedrooms, 2 bathrooms, and a 1-car detached garage. Unit 1070 offers newer interior paint and new flooring in the bedrooms. Unit 1080 features newer flooring throughout, fresh paint, and renovated kitchen and guest bathroom. Both units enjoy spacious front and back yards.

1070 Rosalia Ave., Hemet

$559,900

PW26192733 MLS ⋅ Active Status

Great income opportunity! This duplex features two spacious units: a 2-bedroom/2-bathroom unit and a 2-bedroom/1-bathroom unit. Perfect to live in one unit and rent out the other. Enjoy large front and back yards with plenty of space for outdoor living. Conveniently located.

41540 Marine Dr., Hemet

$1,995,000

26931871 MLS ⋅ Active Status

Ridgeview Apartments, a 10-unit apartment property located at 43611 Florida Avenue in Hemet, California. The property includes seven two-bedroom / two-bath units and three one-bedroom / one-bath units. Built in 1968, Ridgeview Apartments has approximately 8,250 rentable square feet and sits on a 0.31-acre lot. Residents have access to a swimming pool, gated entry, on-site laundry and 24 parking spaces, including 14 covered spaces. Units include central air and heat, individual water heaters, dishwashers, garbage disposals and dual-pane windows. Gas and electricity are separately metered, while the owner pays for water, sewer and trash. Ridgeview Apartments is located along Florida Avenue, one of Hemet's main commercial corridors. The surrounding area gives residents convenient access to shopping, restaurants, schools, healthcare and other everyday services. Hemet is located in the San Jacinto Valley in Riverside County and remains one of the more affordable housing markets in Southern California. The local economy is supported by healthcare, education, retail and government employment, while nearby communities including Menifee, Murrieta and Temecula provide additional jobs and services. Ridgeview Apartments is well positioned within a Hemet market that continues to benefit from relative affordability, a broad base of local employment and access to nearby cities such as Menifee, Murrieta and Temecula. With housing costs across Southern California remaining elevated, Hemet continues to attract renters looking for more attainable housing without leaving the Inland Empire. That combination should continue to support demand for well-located apartment properties like Ridgeview.

43611 State Highway 74, Hemet

$499,900

WS26181784 MLS ⋅ Active Status

Discover this charming 3-unit apartment building in the peaceful, well-established neighborhood of Helmet, offering a fantastic investment opportunity. Located in a quiet area yet close to everything—shops, parks, public transportation—this property features long-term, reliable tenants and low-maintenance living. Perfect for investors seeking steady rental income and appreciation in a desirable location, this complex combines comfort, convenience, and great potential for growth. Don’t miss out on owning a piece of Helmet’s thriving community—schedule a viewing today!

227 N Alessandro, Hemet

$698,000

IV26174822 MLS ⋅ Active Status

**Income potential, flexible living space, and room for all the toys—all on nearly half an acre.** This single-story Hemet property offers a spacious main residence plus a separate studio ADU, creating options for rental income, extended living, guests, or a private home office. The approximately 2,200 sq. ft. main home features 3 bedrooms and 2 bathrooms, with a comfortable floor plan that includes a living room with fireplace and a large family room. The spacious kitchen features an island and plenty of room for gathering and entertaining. Tile flooring complements new carpet in the bedrooms, living room, and family room. The approximately 900 sq. ft. studio ADU adds valuable additional living space and makes this property especially appealing for buyers searching for a Hemet home with an ADU or potential income-producing property. Outside, the approximately 20,475 sq. ft. lot provides plenty of usable space, including a covered patio, large storage shed, and ample parking for RVs, boats, trailers, and other recreational vehicles. A **detached 4-car garage** provides exceptional parking, storage, hobby, or workspace possibilities. The property also features leased solar. With a single-story layout, ADU, oversized lot, extensive parking, and detached 4-car garage, this property offers the space and flexibility to fit a variety of needs.

575 lauresa, Hemet

$837,800

IV26162777 MLS ⋅ Active Status

AN EXCEPTIONALLY RARE INVESTMENT OPPORTUNITY!!!!of 4 units in the city of Hemet: highly profitable cash-flow multi-family property that includes a vacant land parcel. This one of a kind offering comprises of four APN and must be sold together. All units are currently rented on a month to month basis, presenting immediate current income and exciting development potential for the right buyer. The detached front single family residence has 3 bedrooms, 2 baths with newer kitchen cabinets and granite countertops with hight ceilings tile and carpet flooring, Updated with minor TLC!! At the rear of the property, you will find a multi-residential with 3 distinct units, featuring two one-bedroom/one bath unit and one two bedroom one bath unit. Spacious, Strong exterior and shared amenities including a gated picnic area and a large in-ground pool which is a welcoming amenities tenants love, it help attract and retain tenants!!! Parking options include a driveway for the front unit and 4 detached tandem car garage on a separate structure, a separate driveway for the back units building. Location offers solid upside opportunity with potential rent growth, the vacant land adds development values-added potential This income property is perfect for savvy investors and buyers looking for diversified income growth potential and a strong commitment to value creation!!! Don’t miss the chance!!!! More photos and videos are coming soon, stay tuned for updates!!!

40631 Mayberry Unit 4, Hemet

$2,500,000

SW26147012 MLS ⋅ Active Status

Welcome to a one-of-a-kind real estate investment opportunity that includes two parcels being sold together. 2100 S State St offers nearly 33 acres of usable land zoned residential. Property contains 7 structures. First structure- Single Family Residence- 10bedroom 6 bathroom a 10,000 sqft custom built house. Second Structure- A 5bedroom2bath House- Third Structure: 2bed1bath house. Remainder 4 structures double wide manufactured homes/classrooms like structures can be converted to 4 homes they are not remodeled yet and is being as storage. All three homes have been remolded with electrical, plumbing and HVAC upgrades. The large house has dedicated fire hydrant and sprinklers inside. The other two homes has its own fire hydrant. Current property insurance $250/ month. Low property taxes. 3 inch city water supply line has been installed. Handicap Parking and accessibility ramps through out the property. Designate few acres for RV Boat Rental as as Diamond lake is 5 minutes from this property. This property is on City water and also has its own well. Septic tank has been recently certified. Perfect location for Airbnb - Ranch - Tiny homes- camping - Glamping Farm Experience- You can also install EV chargers for public use and install Solar panels. There are subsidies available.

2100 S State, Hemet

$599,000

SW26142514 MLS ⋅ Active Status

Rare mixed-use investment opportunity with prime Highway 74 frontage in East Hemet’s Valle Vista area. Situated on approximately .80 acres (34,848 sq ft), this versatile property offers multiple income streams and excellent owner-user potential. The property features two residential units, including a remodeled front 2-bedroom, 1-bath unit and a separate back studio-style unit with private access—ideal for rental income, multi-generational living, or onsite management. The expansive fully fenced lot currently generates approximately $16,000+ annually through RV, trailer, and boat storage rentals. Also rent both units for $4000 a month or $50,000 annually. Beautiful front landscaping creates strong curb appeal, while side alley access provides added convenience and flexibility for business operations, storage access, or future expansion. With mixed-use zoning, excellent visibility along Highway 74, and existing income already in place, this property is ideal for investors, small business owners, contractors, or buyers seeking a live/work opportunity with room to grow. Rare chance to own a highly flexible income-producing property in a high-traffic corridor. Property can go FHA. Seller is selling the property as is.

44618 State Highway 74, Hemet

$478,000

SW26137766 MLS ⋅ Active Under Contract Status

Large, DUPLEX in a quiet area, close to major transportation, Soboba Casino, and a nice trip to famous Idyllwild. Very short drive to major shopping in the developer-friendly town of Hemet. Nicely fenced in an inviting, tree-shaded yard. Even more secure, as this home is in close proximity to the Riverside County Sheriff's station. Public transportation is just 3 blocks away.

25660 White Oak, Hemet

$1,498,000

SW26133179 MLS ⋅ Active Status

Exceptional Income-Producing Investment Opportunity! Rare chance to acquire a diversified investment property consisting of five separate APNs offering immediate cash flow and future development potential. The property currently features one established commercial business with one apartment and four more residential homes, 2 container rentals, creating multiple income streams from a single acquisition. Three of the APNs are improved with income-producing structures, while two additional vacant lots provide valuable upside potential for future development, expansion, or additional rental units (subject to buyer verification and local approvals). This unique portfolio offers strong rental income, tenant diversity, and long-term appreciation potential. Whether you’re looking to expand your investment portfolio, generate consistent cash flow, or capitalize on future development opportunities, this property delivers flexibility and value. Highlights:?• 5 Separate APNs Included?• 1 Commercial Business?• 4 Residential Homes?• 1 Apartment Unit?• Multiple Income Streams?• 2 Vacant Lots with Development Potential?• Strong Cash Flow Opportunity?• Excellent Long-Term Investment Potential Properties with this combination of current income and future growth opportunities are rarely available. Don’t miss this exceptional investment offering.

43763 State Highway 74, Hemet

$498,000

CV26096556 MLS ⋅ Active Status

!!!!!!HUGE LOT SIZE!!!!!! THIS IS A GREAT INVESTMENT OPPORTUNITY!!!! TWO SEPARATED UNITS, EACH UNIT HAS ITS OWN GAS ,ELECTRICITY, WATER METERS ALREADY IN PLACE. THIS IS ALL FENCED YARD WITH EXCELLENT CASH FLOW FOR A LONG TERM STABILITY. LONG DRIVE WAY FOR EASY ACCES TO BACK UNIT!!! THIS LOT HAS LOTS TO OFFER, LONG DRIVE WAY ACCES TO BACK UNIT. FRONT UNIT HAS 2 BEDROOMS AND 1 BATHROOM SECOND UNIT HAS 1 BEDROOM WITH 1 BATHROOM, THIS PROPERTY OFFERS A LOT OF PARKING SPACE. *LOT HAS POTENTIAL TO BUILD ANOTHER UNIT IN THE BACK THE ZONING IS R-3 BUYER TO VERIFIED WITH CITY. LOT SIZE IS 17,859 CLOSE TO STORES, GAS STATIONS, AND FWY ACCESS.

581 E Menlo, Hemet

$399,000

DW26085628 MLS ⋅ Active Status

A great investment opportunity located in the heart of Hemet, centrally positioned near major shopping centers, schools, and public transportation. The property is a well-maintained duplex consisting of two units, each with 1 bedroom and 1 bathroom. Both units are in good condition and the rear unit is currently available, great for someone that needs to live in one and rent out the other. Several major upgrades have been completed, including the installation of a brand new roof, two newer water heaters, and some plumbing re-pipe. The detached garage offers excellent potential for conversion into an ADU (Accessory Dwelling Unit), creating an additional stream of rental income. In addition, the spacious backyard may allow for the addition of another unit, offering even more income potential (buyer to verify with the city). This is one of the lowest-priced duplexes available in the Hemet and San Jacinto area, making it an excellent opportunity for both new and experienced investors. Whether you're looking to expand your portfolio or live in one unit while renting the other, this property is ready to deliver value and long-term growth. The City of Hemet Planning Department has confirmed that an ADU (Accessory Dwelling Unit) can be added to the rear portion of the property, offering excellent potential for additional rental income or multi-generational living.

410 N San Jacinto Street, Hemet

$1,700,000

24427537 MLS ⋅ Active Under Contract Status

Ten little houses! Looking for reasonable offers! Back on the market after over a year long escrow while waiting for court approval. The buyer bailed out over his own situation and not the property. The property is solid. Now, we have a new lower price. The seller says submit all reasonable offers. These TEN individual homes are a California Landlords dream possession with no common walls between residents and a large lot with excellent parking. All of the units are rented and nine of them have been renovated and are renting at about market value. The annual income is $181,380.

171 N Hemet Street, Hemet

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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.