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Fallbrook, CA Multifamily Homes & Duplexes for Sale

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  • 329 N Pico Ave, Fallbrook, CA 92028
    329 N Pico Ave, Fallbrook, CA 92028
    329 N Pico Ave, Fallbrook, CA 92028
    /23

    $1,695,000

    • 10 Beds
    • 13 Baths
    • 4,903 Sq Ft

    329 N Pico Ave, Fallbrook, CA 92028

    Highly renovated 5-Plex right next to vibrant downtown Fallbrook, CA (North County San Diego). 4 of 5 units have been substantially renovated, along with the exterior of the property. Units are all rented at artificially low rents, giving a new owner an opportunity to increase rents with ease. Fallbrook has one of the lowest vacancy rates in all of San Diego County (2.9% - Costar). The property

    Corey McHenry David Santistevan

    329 N Pico Ave, Fallbrook, CA 92028
  • 537 De Luz Rd, Fallbrook, CA 92028
    537 De Luz Rd, Fallbrook, CA 92028
    537 De Luz Rd, Fallbrook, CA 92028
    /11

    $1,150,000

    • 4 Beds
    • 3 Baths
    • 1,700 Sq Ft

    537 De Luz Rd, Fallbrook, CA 92028

    **Three (3) Detached Cottage Style Homes on One Lot** Fantastic Location in One of San Diego’s Strongest Rental Markets • Two (2) Detached 2Bdrm/1Bthrm Houses + One (1) Detached Studio • All Units Have Private Yards, In-Unit Laundry, & Off-Street Parking • Well-Maintained / High Income Property • Separately Metered for SDGE & Submetered for Water • Walking Distance to Downtown Fallbrook • Nearby

    Angelo La Bruna Apartment Realty Group (ARG)

    537 De Luz Rd, Fallbrook, CA 92028
  • 1761 Winterwarm Dr, Fallbrook, CA 92028
    1761 Winterwarm Dr, Fallbrook, CA 92028
    1761 Winterwarm Dr, Fallbrook, CA 92028
    /72

    $1,390,000

    $60K PRICE DROP
    • 2,792 Sq Ft

    1761 Winterwarm Dr, Fallbrook, CA 92028

    Privately set on approximately 3.31 acres in Fallbrook, 1761 Winterwarm Dr offers a rare blend of usable land, agricultural potential, privacy, and a private lake. The property includes open acreage suitable for agricultural use, recreation, and a variety of lifestyle and long-term use possibilities, subject to buyer verification. In addition to the main residence, the property features a

    Alan Luken Barragan Palisade Realty, Inc

    1761 Winterwarm Dr, Fallbrook, CA 92028
  • 408 N Pico Ave, Fallbrook, CA 92028
    408 N Pico Ave, Fallbrook, CA 92028
    408 N Pico Ave, Fallbrook, CA 92028
    /12

    $1,075,000

    • 2 Beds
    • 2 Baths
    • 1,440 Sq Ft

    408 N Pico Ave, Fallbrook, CA 92028

    HIGH-VISIBILITY CORNER — RESIDENTIAL DUPLEX + COMMERICIAL OFFICE with MAJOR RE-DEVELOPMENT POTENTIAL. Own the entire corner. This property offers a rare chance for an owner-occupant seeking an income-producing property or an investor ready to capitalize on the site’s serious redevelopment upside. This package includes three contiguous lots, totaling 10,653 sq ft and zoned FB-V2—a mixed-use

    Deanne Estrada West Capital Real Estate

    408 N Pico Ave, Fallbrook, CA 92028
California San Diego County Fallbrook

Multi-Family Homes & Duplexes for Sale in Fallbrook, CA

Why Live in Fallbrook

Fallbrook, CA, located in San Diego County, is known as the "avocado capital of the world" and offers a rural residential lifestyle. The area is characterized by its historic charm, with many original downtown buildings and one of the county's oldest schools. Residents enjoy spacious equestrian properties and a variety of home styles, including Main Avenue cottages, Spanish-style homes, stucco condos, and large estates. The community is surrounded by oak and avocado trees, providing a serene environment free from light pollution. Local attractions include the 50-acre Los Jilgueros Preserve, the Santa Margarita River Trail Preserve, and the public Golf Club of California. Families frequent Live Oak Park for playgrounds and picnics, while the Fallbrook Art Center and the retro Mission Theater offer cultural experiences. The Fallbrook Union High School District and the private Willow Tree school are highly rated, with guaranteed admission to California State University San Marcos for qualifying graduates. Main Avenue features boutiques, cafés, and salons, while Peppertree Village Plaza and Fallbrook Towne Center provide convenient shopping options. Fallbrook is 7 miles from Camp Pendleton, 15 miles from Temecula Valley Hospital, and 30 miles from McClellan-Palomar Airport. The area has a lower crime risk compared to the national average but faces a high wildfire risk. The annual Fallbrook Avocado Festival draws over 100,000 visitors for guacamole contests, live music, and more.

Learn more about living in Fallbrook

Home Trends in Fallbrook, CA

On average, homes in Fallbrook, CA sell after 50 days on the market compared to the national average of 58 days. The median sale price for homes in Fallbrook, CA over the last 12 months is $940,000, up 2% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$940,000
Median Single Family Sale Price
$1,007,000
Median Townhouse Sale Price
$935,000
Median 2 Bedroom Sale Price
$497,500
Median 1 Bedroom Sale Price
$390,000
Average Price Per Sq Ft
$455
Number of Homes for Sale
121
Last 12 months Home Sales
377
Months of Supply
3.90
Median List Price
$1,037,500
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
2%
How to Buy a Home How to Finance a Home How to Sell a Home

In Fallbrook, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $1,075,000 to $1,695,000, there's a range to accomodate every budget. As of May, 2026 the median home price in Fallbrook is $1,037,500, while the average sale price is $1,036,710, offering insights into the local housing market. On average, multi-family homes spend 50 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Fallbrook, CA.

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