For sale Multi-Family Home

Listed Apr 27, 2026

$1,499,000 Est. $9,915/mo

363 Short Street

  • 5,132

    Sq ft

The story

Positioned in a highly desirable location near the heart of downtown Bishop, this 7-unit residential income property offers an exceptional opportunity for investors seeking strong cash flow and long-term upside. The property features three separate buildings, including a 3-bedroom single-family house with carport, two 3-bedroom apartments, and four 2-bedroom apartments. With 100% occupancy, this asset delivers immediate, consistent income from day one. Tenants enjoy the convenience of an on-site laundry room, parking for up to 12 vehicles, and fenced yards. Its proximity to downtown Bishop provides walkable access to shopping, dining, and local amenities, enhancing tenant retention and rental demand. This is a rare opportunity to acquire a fully stabilized, multi-building investment property in a supply-constrained market known for strong rental demand. Whether you're looking to expand your portfolio or secure a reliable income-producing asset, this property offers both solid current returns and future appreciation potential.

Facts & features

Home type

Multi-Family Home

Year built

1949

Floors

1

Price per sq ft

$292

Parking

2-car garage

Included features

  • Heating

    Propane, Wall Furnace

  • Appliances

    Electric Oven, Electric Range, Gas Oven, Gas Range, Refrigerator

  • Flooring

    Carpet, Vinyl

  • Roof

    Flat, Rolled/Hot Mop

  • Lot Information

    Garden, Level

  • Water Source

    Public

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$9,915 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $7,978
  • Property tax $1,499
  • Insurance $437

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

Coldwell Banker Select Real Estate

Broker Name

Coldwell Banker Select Real Estate