4

Lake Elsinore, CA Multifamily Homes & Duplexes for Sale

Section Image
  • 176 Olive St, Lake Elsinore, CA 92530
    176 Olive St, Lake Elsinore, CA 92530
    176 Olive St, Lake Elsinore, CA 92530
    /4

    $575,000

    • 3 Beds
    • 3 Baths
    • 4,320 Sq Ft

    176 Olive St, Lake Elsinore, CA 92530

    Investor Special in Lake Elsinore! 176 Olive Street offers a rare opportunity to own a 3-unit multifamily property just one block from the town center, featuring lake views and situated on a large 17,000 sq. ft. lot. The property includes a 1BR/1BA unit, a studio, and a 2BR/1BA upper unit (vacant). When fully occupied, the property generates approximately $46000 a year in rental income. Two units

    Summer Rampersad Colleen K. Cotter

    176 Olive St, Lake Elsinore, CA 92530
  • 118 N Main St, Lake Elsinore, CA 92530
    118 N Main St, Lake Elsinore, CA 92530
    /2

    $1,500,000

    • 4 Beds
    • 1,104 Sq Ft

    118 N Main St, Lake Elsinore, CA 92530

    Located in the heart of Lake Elsinore’s revitalized downtown district, this versatile mixed-use property offers exceptional potential for both investors and owner-users. The building features a retail storefront on the ground floor, ideal for a boutique, cafe, professional office, or service business.Upstairs, you'll find a spacious 4 bedroom, 1 bath residential unit, perfect for an

    Olluky Lopez ReMax Sky

    118 N Main St, Lake Elsinore, CA 92530
  • 120 W Heald Ave, Lake Elsinore, CA 92530
    120 W Heald Ave, Lake Elsinore, CA 92530
    120 W Heald Ave, Lake Elsinore, CA 92530
    /38

    $2,100,000

    • 3 Beds
    • 3 Baths
    • 7,800 Sq Ft

    120 W Heald Ave, Lake Elsinore, CA 92530

    Investment Opportunity – 14-Unit Multifamily Property in LAKE ELSINORE! Rare opportunity to acquire a well-maintained 14-unit multifamily property featuring a strong unit mix: four studios (0 bed / 1 bath), six one-bedroom units (1 bed / 1 bath), and four two-bedroom units (2 bed / 1 bath). All units are unfurnished and currently tenant-occupied, with no garage parking. The property is separately

    Susana Franco GOLDEN EAGLE PROPERTIES

    120 W Heald Ave, Lake Elsinore, CA 92530
  • 237 E Prospect St, Lake Elsinore, CA 92530
    237 E Prospect St, Lake Elsinore, CA 92530
    237 E Prospect St, Lake Elsinore, CA 92530
    /36

    $900,000 New Construction

    • 6 Beds
    • 3 Baths
    • 2,369 Sq Ft

    237 E Prospect St, Lake Elsinore, CA 92530

    CONSTRUCTION COMPLETED!!! Brand-New Contemporary 2 UNITS– Welcome to your dream home, currently under construction. The 2 units will be delivered completed with all permits from the City of Lake Elsinore. Notice the high ceilings. This stunning 4-bedroom, 2-bathroom primary residence is designed for comfort and modern living, offering an elegant open floor plan with high-quality finishes. For

    Raul Lozano Coldwell Banker Envision

    237 E Prospect St, Lake Elsinore, CA 92530
California Riverside County Lake Elsinore

Multi-Family Homes & Duplexes for Sale in Lake Elsinore, CA

Why Live in Lake Elsinore

Lake Elsinore centers around Southern California's largest natural freshwater lake, creating a recreational paradise for water sports, boating, and fishing. The city's Launch Pointe Recreation Destination provides premium lake access, while Skydive Elsinore attracts thrill-seekers with spectacular aerial views. Residents enjoy professional baseball at The Diamond Stadium, home to the Lake Elsinore Storm, the San Diego Padres' Single-A affiliate. The dining scene features local favorites like Annie's Cafe for classic American breakfast and Vincenzo's Olive Tree for Italian cuisine. Main Street Kitchen & Tap serves craft beers alongside modern American comfort food.

The housing market presents diverse options across distinct neighborhoods. The median single-family home price in Canyon Hills is $630,000, while Tuscany Hills commands $699,000. More affordable options exist in Warm Springs, where the median single-family price is $425,000. Townhomes throughout Lake Elsinore have a median price of $424,000, and condos range from $270,000 for one bedroom to $385,000 for two bedrooms.

Property taxes in Lake Elsinore maintain a 0.82% effective rate, consistent with neighboring Wildomar and Murrieta. The city connects to major employment centers via Interstate 15 and State Route 74, providing access to Riverside, Temecula, and San Diego County. The education system includes highly rated options like Temescal Canyon High School and California Lutheran High School, rated A by Niche. The semi-arid climate features hot summers reaching the low 100s Fahrenheit and mild winters between the mid-40s and mid-60s, with approximately 12 inches of annual rainfall.

Learn more about living in Lake Elsinore

Home Trends in Lake Elsinore, CA

On average, homes in Lake Elsinore, CA sell after 60 days on the market compared to the national average of 53 days. The median sale price for homes in Lake Elsinore, CA over the last 12 months is $599,299, consistent with the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$599,299
Median Single Family Sale Price
$605,000
Median Townhouse Sale Price
$452,000
Median 2 Bedroom Sale Price
$345,000
Median 1 Bedroom Sale Price
$197,500
Average Price Per Sq Ft
$314
Number of Homes for Sale
234
Last 12 months Home Sales
918
Months of Supply
3.10
Median List Price
$608,990
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
0%

Popular Home Searches in Lake Elsinore, CA

Set around a natural freshwater lake, Lake Elsinore attracts buyers looking for waterfront living, outdoor amenities, and family-ready layouts.

How to Buy a Home How to Finance a Home How to Sell a Home

In Lake Elsinore, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $575,000 to $2,100,000, there's a range to accomodate every budget. As of November, 2025 the median home price in Lake Elsinore is $608,990, while the average sale price is $593,949, offering insights into the local housing market. On average, multi-family homes spend 60 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 Lake Elsinore, CA.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property.
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly
prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2025 CoStar Group