Prime multi-family development opportunity on El Dorado Road! This exceptional 1.67 acre parcel is zoned RM2, allowing for 5 to 28 units per acre, making it ideal for apartment or high-density multifamily development. A 30-unit apartment project was previously planned for the site in the 1990s. Essential utilities are already located nearby the street, with county power available at the street, water available at the northeast corner, and sewer connection at the northwest corner. The land features gently sloping, buildable terrain with mature trees, and offers a prime, walkable location close to local dining favorites, shopping, and public transportation, with easy highway access nearby. El Dorado County continues to see strong demand for quality housing as Sacramento area workforce migration trends toward the foothills, and high density developments in the area demonstrate solid rental strength. This versatile, ready to develop parcel is perfectly positioned for investors and developers looking to capitalize on the area's growing housing demand.