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318 Preston Avenue, 
Ione, CA 95640

$750,000


4

Beds


1

Bath


2,000

Sq Ft


Single Family

Active

Listed by

Karla Gaetano

Davenport Properties

Last updated:

June 7, 2025, 02:39 PM

MLS#

225066897

Source:

MFMLS

About This Home

318 Preston Avenue

Rare Opportunity in the Heart of Ione - 1 Acre with 3 Homes and Endless Potential! This level 1-acre property, ideally situated in the heart of Ione, offers a rare and versatile investment opportunity. Featuring three separate homes, each with individual water, sewer, and PG&E hookups. This parcel is perfect for those seeking a project with promise. Whether you're an investor, contractor, or dream-home visionary, these homes with renovation potential are a true canvas for your dream design. With the infrastructure already in place, this property is also ideal for redevelopment. Possible teardown, start over and transform it into income-generating rentals, multi-family housing, or your own residential retreat. The possibilities are as wide as your imagination. This property is a rare find for investors, contractors, or visionary homeowners ready to bring new life to a charming piece of Ione. There are 3 addresses (318 is the corner house-916 sqft. 2/1), (314 is the center house with green trim-900 sqft. 2/1), (310 is the 2 story house-2000 sqft. 4/1) All sqft are estimates. Value is mostly for the land, location and 3 individual residential utility connections in place. Information deemed reliable but should be verified.

Home Facts

Single Family

1 Bath

4 Bedrooms

Built in 1880

Price Summary

750,000

$375 per Sq. Ft.

MLS #:

225066897

Last Updated:

June 7, 2025, 02:39 PM


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

2,000 Sq. Ft.


Structure

Structure

Year Built:

1880


Lot

Lot Size (Sq. Ft):

44,866


Finances & Disclosures

Finances

Price:

$750,000

Price per Sq. Ft:

$375 per Sq. Ft.

MLS Logo
MetroList MLS 2025. This information is being provided by MetroList MLS. All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data Updated: June 7, 2025. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Any offer of compensation is made only to Participants of MLS where the subject listing is filed and in accordance with such MLS's regulations or rules.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.