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Lake Elsinore, CA Multifamily Homes & Duplexes for Sale

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  • 17797 Grand Ave, Lake Elsinore, CA 92530
    17797 Grand Ave, Lake Elsinore, CA 92530
    17797 Grand Ave, Lake Elsinore, CA 92530
    /13

    $424,650

    • 2 Beds
    • 2 Baths
    • 840 Sq Ft

    17797 Grand Ave, Lake Elsinore, CA 92530

    Good investment opportunity in Lake Elsinore! Great for the investor or entrepreneur that's looking for the right price and conditions on an income producing property. Commercially Zoned, this duplex is a diamond that is fully occupied with tenants and has even more of an upside potential with future rents and potential Commercial Use. Each unit consist of 1 bedroom & 3/4 bathroom with each unit

    Enrique Rodriguez Integrity Place Realty

    17797 Grand Ave, 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

    Susana Franco GOLDEN EAGLE PROPERTIES

    120 W Heald Ave, Lake Elsinore, CA 92530
  • 108 S Lindsay St, Lake Elsinore, CA 92530
    108 S Lindsay St, Lake Elsinore, CA 92530
    108 S Lindsay St, Lake Elsinore, CA 92530
    /19

    $870,000

    • 5 Beds
    • 6 Baths
    • 1,914 Sq Ft

    108 S Lindsay St, Lake Elsinore, CA 92530

    Brand new built 2 unit duplex located in downtown Lake Elsinore. The front unit has 3 bed 3.5 bath while the back unit has 2 bed 2 bath. Each unit has its own 1 car garage, which are located between the two units, creating more space and privacy between them. There is also plenty of parking space at the back of the property. There are solar panels installed, creating an energy efficient building.

    FEIFAN JIANG IBuilder Group

    108 S Lindsay St, Lake Elsinore, CA 92530
  • 33115 Evergreen St, Lake Elsinore, CA 92530
    33115 Evergreen St, Lake Elsinore, CA 92530
    33115 Evergreen St, Lake Elsinore, CA 92530
    /50

    $1,049,000

    • 3,068 Sq Ft

    33115 Evergreen St, Lake Elsinore, CA 92530

    Exceptional Investment, TriPlex Property with Income near Lakes and Mountains. Seize the chance to invest in this remarkable TriPlex property, consisting of three individual units designed for optimal comfort and charm. Each unit features: 2 Spacious Bedrooms: Perfect for families or individuals needing extra space. 1 Full Bathroom. Attached Single Car Garage: Equipped with laundry hookups to

    Aisa Tu AT Bespoke Real Estate

    33115 Evergreen St, 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
    /37

    $900,000 New Construction

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

    237 E Prospect St, Lake Elsinore, CA 92530

    ALMOST COMPLETED!!! Brand-New Contemporary Home – Estimated Completion September 2025! Welcome to your dream home, currently under construction with a completion target of September 2025! 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

    Raul Lozano Berkshire Hathaway HomeServices California Properties

    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 58 days on the market compared to the national average of 52 days. The median sale price for homes in Lake Elsinore, CA over the last 12 months is $600,000, up 2% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$600,000
Median Single Family Sale Price
$607,000
Median Townhouse Sale Price
$480,000
Median 2 Bedroom Sale Price
$370,000
Median 1 Bedroom Sale Price
$179,000
Average Price Per Sq Ft
$312
Number of Homes for Sale
278
Last 12 months Home Sales
937
Months of Supply
3.60
Median List Price
$615,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
2%

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 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $424,650 to $2,100,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Lake Elsinore is $615,000, while the average sale price is $594,613, offering insights into the local housing market. On average, multi-family homes spend 58 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.

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

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