Legacy Properties
Legacy Properties
Murphys · Calaveras County · California
433 East
Highway 4
A restored 1902 farmhouse on 2.6 usable acres with Highway 4 frontage, commercial zoning and rent already in place — in the heart of Murphys wine country.
Income
today.
Iconic
tomorrow.
Old-growth walnut trees stand as living landmarks. Mature orchards frame the grounds. Nearly three parklike acres deliver a sense of permanence that cannot be recreated — and they sit directly on Highway 4.
The main residence is a beautifully restored four-bedroom, three-bath architectural treasure of 2,854 square feet, where soaring ceilings, intricate woodwork and period hardware meet a thoughtful modern remodel. Behind it, a detached studio and a partially converted garage turn a homestead into a portfolio: dependable NNN cash flow now, with a clear path to a boutique inn, tasting room, wellness sanctuary or short-term-rental compound.
This is the kind of visibility, history and earning capability investors chase for years and rarely find — offered for the first time in a generation.
| Price | $1,399,000 |
|---|---|
| Residence | 4 bed · 3 bath · 2,854 SF |
| Built | 1902 · restored |
| Land | 2.6 usable acres |
| Zoning | Commercial / mixed use |
|---|---|
| Frontage | Highway 4 |
| Improvements | Studio + garage |
| Income in place | $1,500 / mo NNN · house vacant |
“Only time can produce this level of depth, character, and sense of place.”
Nineteenth-century craft, twenty-first-century comfort
Ten-foot ceilings, intricate original woodwork and period hardware, carried through a luxury remodel that never trades away authenticity. A wrap-around porch made for long evenings. Four bedrooms, three baths, 2,854 square feet.
The residence is delivered vacant. It was leased at $3,000 per month NNN until a prior escrow required vacant possession; that buyer withdrew five days before closing. The house can be re-leased on the same terms — and given today's market, likely somewhat higher. Move in, or place a tenant.
- —Open kitchen and dining at the heart of the plan
- —Recently remodeled downstairs bath
- —Delivered vacant — previously leased at $3,000 / month NNN
A tenant already in place
The detached studio — a wellness tenant today — contributes $1,500 per month NNN with minimal owner expense. Refreshed in 2025 with new mini-split heating and cooling, exterior paint, gutters, fencing, window and new flooring. Low-maintenance income from day one.
A third structure, waiting
The partially converted garage — bath roughed in — is pure optionality: finish it as a standalone rental, a short-term-rental suite, a guest unit, a studio or a commercial workspace. An immediate, tangible path to higher income and higher value.
From dependable cash flow to a hospitality asset
The component figures shown under each scenario are worked examples of how that monthly total could be assembled — they are illustrative modelling only, not a projection or guarantee. Buyers should independently verify all zoning, permitting, lease and revenue assumptions.
Three structures, parklike grounds and a landmark facade on the corridor into Murphys.
Highway frontage and a wine-club setting for a producer who needs a face in Murphys.
House, studio and garage suite operating as a multi-key lodging cluster.
A wellness tenant already proves the use; the acreage carries the rest.
Live in the main house, let the studio and garage carry the cost of ownership.
Ask for the investor packet: zoning summary, lease copies, income modelling.
Let's walk
the property.
Private appointments, broker tours and the full investor packet — zoning summary, lease copies, site plan and income modelling — available on request.
Zoning summary, lease copies, site plan and income modelling — sent to your inbox.
