418 S Shepherd St

About this home

Welcome to this exceptional 4-unit investment opportunity in the heart of Sonora, where location, income, and upside potential converge. Each of the four spacious 2-bedroom, 1-bathroom units offers approximately 1,000 sq ft of thoughtfully updated living space featuring granite countertops, private patio or balcony, baseboard heat, and wall A/C — everything tenants want, nothing left to update. But the real story here is what surrounds the units. Five covered carport spaces, a 3-car garage (comparable stalls lease for ~$125/month each — that's another $375/month in potential income), and roughly 20 additional open parking spots make this property a renter's dream in a town where parking is gold. Then there's the view. Your tenants aren't just renting an apartment — they're renting a front-row seat to downtown Sonora life. Sip coffee on the balcony, watch the parade from the back deck, and walk to shops, restaurants, and everything the historic downtown has to offer. And for the visionary investor: there's room to grow. The rear of the property offers space for an additional structure, and the zoning already supports it. Whether you build another unit, add ADUs, or hold for future appreciation, the optionality here is rare. Strong bones. Prime location. Built-in expansion potential. This is the kind of asset that doesn't come around often — and won't last when it does.