1220 E Campus Way, Hemet, CA 92543

About this triplex

We are pleased to present this well-positioned triplex that features (1) 3-Bed/2-Bath, (1) 1-Bed/1-Bath, and (1) Studio unit, offering a flexible and diverse unit mix ideal for strong cash flow and tenant demand. Situated on an expansive 9,500+ sq. ft. lot, this single-story triplex provides tenants with private backyards and ample on-site parking, elevating the overall rentability of the property. Extensively renovated, recent capital improvements include updated electrical systems and newly installed private fencing for all units. (2) of the units have new copper plumbing, new split A/C units, new dual-pane windows, new kitchens, modern flooring—resulting in low operating costs and minimal deferred maintenance. Each unit is separately metered for electricity, maximizing NOI and reducing landlord expenses. With a GRM of 8.93 and an impressive current Cap Rate of 7.92%, this stabilized asset offers exceptional in-place cash flow with upside potential in rents. Perfect for 1031 buyers, first-time multi-family investors, or seasoned operators seeking strong yield in a low-maintenance asset. Don’t miss this rare chance to own a great triplex in a high-demand rental corridor This property is part of a 13 unit portfolio for sale in Hemet (additional Duplex see MLS#CV25148384 and 8 units property see MLS#CV25151759)

Listing description from the September 2025 sale, as reported to CRMLS.

Sale history

$585,000

Sold September 2025 · listed $595,000, on market July 2025 · MLS #CV25148426 · Source: CRMLS

Listing Agent: Kristopher German · Listing Office: RE/MAX 2000 REALTY · Contact: 909-645-0443 · Bought with: Matthew Freeland · Pacific Cove Estates

$149,900

Sold June 2015 · listed $150,000, orig. $169,000, on market March 2015 · MLS #SW15045262 · Source: CRMLS

Listing Agent: Larry Bubley · Listing Office: Brubaker Culton R.E. & Dev. · Contact: 951-658-7211 · Bought with: Larry Bubley · Brubaker Culton R.E. & Dev.

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