About 688 Nicolet Street
Exceptional investment opportunity in the heart of Banning, CA! This unique property features FOUR separate income-producing structures on one spacious lot — two 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units. Whether you're looking to build your rental portfolio, create a multi-generational living setup, or live in one and rent the others, the possibilities are endless. Each unit offers its own private entrance and yard space, ideal for tenant privacy and comfort. The property is conveniently located near shopping, schools, freeway access, and just minutes from the expanding Downtown Banning area. With strong rental potential and a layout perfectly suited for maximizing cash flow, this property is a rare find. Don’t miss out on this versatile and high-demand investment! NEIGHBORING PROPERTY CAN ALSO BE INCLUDED - SEE SW25135253. DON'T MISS OUT.
Features of 688 Nicolet Street
| MLS® # | SW25168552 |
|---|---|
| Price | $600,000 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 2,200 |
| Acres | 0.45 |
| Year Built | 1964 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active Under Contract |
Community Information
| Address | 688 Nicolet Street |
|---|---|
| Area | 263 - Banning/Beaumont/Cherry Valley |
| Subdivision | Terrain Estates |
| City | Banning |
| County | Riverside |
| Zip Code | 92220 |
Amenities
| View | Mountain(s) |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior Features | All Bedrooms Down |
|---|---|
| Heating | None |
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 1 |
| Stories | One |
Exterior
| Lot Description | ZeroToOneUnitAcre |
|---|
School Information
| District | Banning Unified |
|---|
Additional Information
| Date Listed | July 25th, 2025 |
|---|---|
| Days on Market | 81 |
| Zoning | R3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Nicole Hicks |
|---|---|
| Office | Realty Masters & Associates |