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Just listed near the heart of Old Towne Orange, 420 N. Batavia Street is a turnkey Chapman University student housing investment with two spacious, detached homes on one lot. It's a great fit for either a cash-flowing investment or an owner user. The front house was taken down to the studs and rebuilt with a new construction expansion into a 4 bedroom, 3 bath open floor plan layout purpose-built for student living. The rear house is a brand-new 2023 construction 4 bedroom, 4 bath home built from the ground up. Together the property offers 8 bedrooms and 7 baths across 2,445 SF on a 6,401 SF lot. Both homes feature luxury vinyl plank floors, new high-end finishes and appliances, private bed/baths, ensuite laundry, air conditioning, and private patios. Tenants share a large backyard with a lounge area and spa. The property has been 100% pre-leased since 2023 with steady rent growth year over year. It is fully leased at $10,955/mo, and every lease carries a parental guarantee, giving you secure income and reduced credit risk. At $1,875,000, 420 N. Batavia is offered at a 5.02% cap rate, a 14.26 GRM, and $234,375 per bedroom. That is the lowest GRM and lowest price per bedroom of any comparable Chapman-area sale in the past two years. It is about 17% below the median price per bedroom and $165,000+ below every other 8-bedroom sale. Current rents average just $1,369 per bedroom, about 10% below comparable Chapman properties, taking the cap rate to 5.59% at market rents. Students win too: a full 12-month lease at 420 costs less than a 9-month single bedroom at Chapman's own Chapman Grand apartments. Owners can add further value by converting the garage or building a second detached ADU under California's new AB 956, and excellent loan terms are available. With nearly 10,000 students and consistently strong enrollment within walking distance, this professionally managed asset offers year-round demand, low vacancy risk, a unique hedge against California rent control, and long-term appreciation in one of Orange County's most desirable rental submarkets.

420 N Batavia, Orange

$1,425,000

PW26202256 MLS ⋅ Active Status

Very Clean TriPlex in Orange. Pride of Ownership. Three 2 Bedroom 1 Bath units, each have their own private patios and single garages. Excellent long term tenants. Newer Roof.. Newer Paint. Newer Front Doors and Security Screen Doors. Newer Windows. New Water Heater. 2 of the kitchens have been remodeled and all three bathrooms have been remodeled. The building has it's own laundry room that is separately metered but is currently used as a storage room. You could easily add a washer and dryer for more income. This is an excellent opportunity to own a well-maintained Triplex in Orange. Please do not disturb the tenants.

242 S Park, Orange

$1,575,000

PW26164332 MLS ⋅ Active Status

Great new!! RARE INVESTMENT OPPORTUNITY IN ORANGE HILLS! Imagine a duplex on a spacious 18,000-square-foot lot with approximate 2800 living space the sellers are aiming to wrap up the new roof by the end of this month. Imagine a duplex on a spacious 18,000-square-foot lot and approximate 2800 living space—a fantastic opportunity to boost your investment! You could live in one side while you plan your next project, or lease both units for instant, steady cash flow. Located in the highly desirable Orange Hills area, just south of Chapman, this unique property offers stunning views of the iconic Orange County Mining Co. hills. This duplex is on a large lot, giving you the flexibility to turn it into an additional ADU building. Each of the two identical units, about 1400 square feet, features a spacious, mirror-image layout with three bedrooms, two bathrooms, a master bedroom with a walk-in closet and a private bath with two sinks, and a private two-car garage. The layout ensures structural privacy between the units, connected by a garage wall and master bath, so tenants will be happy or you can create the perfect setup for an owner-occupant. The left side unit has always been a reliable rental unit for years on a comfortable 5,000-square-foot lot, providing immediate cash flow. The other side is a well-maintained, owner-occupied unit on a huge 13,000-square-foot lot. The yard is absolutely beautiful, filled with fruit trees like apples, oranges, pomegranates, and lemons, giving it that vineyard feel with a serene and peaceful atmosphere. This massive yard is the perfect canvas for developers to add detached units, build Accessory Dwelling Units (ADUs), or restructure the parcel to maximize unit density. You could live in the owner’s suite while you plan your next project. Bring your contractor, check the zoning rules, and secure a great return on your investment today! Drive-by only to start.

175 S Woodlawn Drive, Orange

$1,360,000

4 Beds ⋅ 3 Baths ⋅ 26864123 MLS ⋅ Active Status

145 W. Mayfair Avenue is a fully renovated, turnkey three-unit multifamily investment. All three units are single-story and were completely updated inside and out in 2026. Three on-site garages offer a straightforward path to ADU construction, adding a fourth unit for an investor willing to pursue it.

145 W Mayfair Avenue, Orange

$3,450,000

OC26141584 MLS ⋅ Active Status

337-343 North Magnolia Street is a four-unit residential property located in the City of Orange, California. The property features a rare single-family-style rental profile, consisting of three newly constructed 3-bed/2-bath homes with large loft space built in 2026 and one 4-bed/2-bath home that was originally constructed in 1950 and fully renovated in 2025. The three newly constructed homes have never been lived in and feature modern interior finishes, dramatic 16-foot vaulted ceilings, spacious loft areas, in-unit laundry, private entrances, yards/patios, and all-electric systems with individual metering. The original 4-bed/2-bath home has been fully remodeled and includes a new HVAC system, offering an updated residence that complements the newly constructed units. The property is further enhanced by no shared walls, eight on-site parking spaces, individual water heaters, solar serving the three newly constructed units, new sewer laterals for all four homes, an expected 80% water utility reimbursement through RUBS, and individual trash billing directly to the City. These features help create a highly functional rental property with modern tenant amenities and a streamlined operating structure. Located near Chapman University and Old Towne Orange, the property offers residents convenient access to two of the city’s most important demand drivers.

337 343 N Magnolia Street, Orange

$1,624,000

OC26120119 MLS ⋅ Active Status

Remodeled Triplex. Two 2 bedrooms & 1 bathroom and a Studio. All three units have been upgraded in the last Two Years. Newer roof, Appliances, Electrical panel, Flooring, Windows, Etc.. All work done professionally and with Permits. Each unit has it's own Washer and Dryer. Each 2 Bedroom units has it's own private Front and Side yard. Great location near the Downtown Circle, Chapman University, Hospitals, Shopping and Restaurants. Please do not approach tenants or walk on property.

333 335,337 E La Veta, Orange

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Orange Multi-Family Real Estate

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Browse All Orange CA Multi-Family Properties for Sale

Orange Multi-Family Real Estate

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