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546 Str N 5th, Banning, California 92223, Banning, 92223 - bed, bath

546 Str N 5th, Banning, California 92223 home-pic-0
ACTIVE$599,000
546 Str N 5th, Banning, California 92223
0Bed
0Bath
2,162Sqft
8,712Lot
Year Built
1955
Close
-
List price
$599K
Original List price
$648K
Price/Sqft
$277
HOA
-
Days on market
-
Sold On
-
MLS number
IV25218977
Home ConditionFair
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $599.0K(43th), sqft - 2162(43th), beds - undefined(50th), baths - undefined(50th).

GREAT INVESTMENT OPPORTUNITY – TRIPLEX! Don’t miss your chance to own this income-generating triplex, ideal for investors or owner-occupants! Each of the three units features 1 bedroom, 1 bathroom, and 720 sq ft of living space — plus individual garage parking for each unit. Live in one and rent the other two, or add this solid property to your investment portfolio. Two units are currently occupied by long-term tenants, while Unit A is vacant and recently renovated, featuring new flooring, a modernized bathroom, and fresh interior paint. Perfect for immediate move-in or top-dollar rental. The exterior has also seen fresh repairs and a new paint job, making this property move-in and rent-ready. Opportunities like this don’t last long — especially with a vacant, upgraded unit ready to go. Live in one. Rent two. Build wealth. Schedule your showing today!

Price History

Date
Event
Price
10/09/25
Price Change
$599,000-7.6%
09/22/25
Listing
$648,000
Condition Rating
Fair
The property was built in 1955, making it over 20 years old. While the listing states Unit A has been 'recently renovated' with new flooring and fresh paint, and a 'modernized bathroom,' the images reveal a kitchen with very dated original-style cabinets, tiled countertops, and a tiled backsplash that is clearly not modern. The bathroom, while clean, appears to have received a basic refresh rather than a full modern renovation. The presence of window AC units suggests a lack of central heating and cooling, which is a significant outdated system. The exterior appears well-maintained with fresh paint. Overall, the property is functional and has received some cosmetic updates, but major components like the kitchen and HVAC systems are outdated, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Income-Generating Triplex: The property is a triplex, offering multiple income streams and a strong investment opportunity for generating consistent rental revenue.
Owner-Occupant/Investor Flexibility: Provides the unique option for an owner to live in one unit while renting out the other two, or to operate it purely as an investment property.
Recently Renovated Vacant Unit: Unit A has been recently renovated with new flooring, a modernized bathroom, and fresh paint, making it immediately move-in ready for an owner or a top-dollar rental.
Established Tenancy: Two units are currently occupied by long-term tenants, ensuring immediate and stable rental income for the new owner.
Individual Garage Parking: Each unit benefits from its own individual garage parking, a highly desirable amenity for tenants that adds significant value.

Cons

Age of Property: Built in 1955, the property is nearly 70 years old, which may lead to potential issues with aging infrastructure, systems, and higher long-term maintenance costs.
Compact Unit Sizes: Each unit is 720 sq ft, which is relatively small for a 1-bedroom, potentially limiting the target tenant demographic or achievable rental rates.
Undisclosed System Updates: The description highlights cosmetic renovations but does not specify updates to major systems (e.g., plumbing, electrical, HVAC), which could be a concern given the property's age.

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