311 Fairview Lane, Sonora, CA 95370

Sonora
Local realty services provided by:ERA Carlile Realty Group
311 Fairview Lane,Sonora, CA 95370
$3,900,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jacob friedrich
Office: cosol commercial real estate
MLS#:226073207
Source:MFMLS

Price summary

  • Price:$3,900,000

About this home

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.

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Home facts

  • Year built:1980
  • Listing ID #:226073207
  • Added:113 day(s) ago
  • Updated:September 30, 2026 at 04:10 PM

Rooms and interior

  • Flooring:Carpet, Laminate, Linoleum, Varies by Unit

Heating and cooling

  • Cooling:Wall Unit(s)
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1980
  • Lot area:1.49 Acres
  • Construction Materials:Frame, Wood Siding
  • Exterior Features:Balcony/Deck
  • Foundation Description:Slab
  • Levels:2 Story

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,900,000

Features and amenities

  • Laundry features:In Common Area

Parking

  • Total parking spaces:44
MLS LogoMetroList MLS 2026. This information is being provided by MetroList MLS. All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data Updated: September 30, 2026. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Any offer of compensation is made only to Participants of MLS where the subject listing is filed and in accordance with such MLS's regulations or rules.

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