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  • Price cut: $175K (7/12)
    $575,000

    318 Preston Ave, Ione, CA 95640

    4beds
    2,000sqft
    : 
    Multi Family, Single Family Residence
    Built in 1880
    1.03 Acres Lot
    $-- Zestimate®
    $288/sqft
    $-- HOA

    What's special

    Rare Opportunity in the Heart of Ione - 1 Acre with 3 Homes and Endless Potential! This level 1-acre property, ideally situated in the heart of Ione, offers a rare and versatile investment opportunity. Featuring three separate homes, each with individual water, sewer, and PG&E hookups. This parcel is perfect for those seeking a project with promise. Whether you're an investor, contractor, or dream-home visionary, these homes with renovation potential are a true canvas for your dream design. With the infrastructure already in place, this property is also ideal for redevelopment. Possible teardown, start over and transform it into income-generating rentals, multi-family housing, or your own residential retreat. The possibilities are as wide as your imagination. This property is a rare find for investors, contractors, or visionary homeowners ready to bring new life to a charming piece of Ione. There are 3 addresses (318 is the corner house-916 sqft. 2/1), (314 is the center house with green trim-900 sqft. 2/1), (310 is the 2 story house-2000 sqft. 4/1) All sqft are estimates. Value is mostly for the land, location and 3 individual residential utility connections in place. Information deemed reliable but should be verified.
    57 days
    on Zillow
    |
    385
    |
    16
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 11, 2025 at 09:53pm

    Listed by:

    DRE #01735446 209-256-3139,

    Davenport Properties

    Source: MetroList Services of CA,MLS#: 225066897Originating MLS: MetroList Services, Inc.
    Travel times

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    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 1
    • Full bathrooms: 1
    Dining room
    • Features: Other
    Kitchen
    • Features: Laminate Counters
    Heating
    • See Remarks, Other
    Cooling
    • Other
    Appliances
    • Laundry: Other
    Features
    • Flooring: Other
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,000 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Covered
    • Carport spaces: 2
    Features
    • Stories: 1
    Lot
    • Size: 1.03 Acres
    • Features: Irregular Lot
    Details
    • Additional structures: Shed(s), Workshop, Outbuilding
    • Parcel number: 004090023000
    • Zoning description: NC
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Multi Family, Single Family Residence
    Materials
    • Wood
    • Foundation: Combination
    • Roof: Composition
    Condition
    • Year built: 1880

    Utilities & green energy

    • Sewer: Sewer Connected
    • Water: Meter on Site, Public
    • Utilities for property: Electric, Sewer Connected

    Community & HOA

    Location
    • Region: Ione

    Financial & listing details

    • Price per square foot: $288/sqft
    • Tax assessed value: $57,647
    • Annual tax amount: $4,974
    • Price range: $575K - $575K
    • Date on market: 5/23/2025
    • Road surface type: Paved, Gravel
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