8680 CA-128 Hwy, Philo, CA - $625,000

Three well‑kept cottages in the town of Philo, offering versatility for living, renting, or small‑scale commercial use. The property includes two one‑bedroom homes (825 and 725 SF) and one two‑bedroom home (1,150 SF), giving you multiple options: multi-family compound, rent all three, live in one and lease the others, do short term rentals or convert one into a tasting room, retail space, or other business allowed under the commercial zoning. Positioned directly across from Lemons' Market, Jumbo's Restaurant, and Witching Stick Wines and next door to Baxter Wines the location provides strong visibility and easy access right along Highway 128. The lot is served by a new well (water system to be developed), and all three cottages share a septic system. Each cottage has separate PGE metering. If all three units are rented, the estimated cap rate is approximately 6% A flexible property in a central Philo location, well‑suited for investors, owner‑operators, or anyone looking for mixed‑use potential in Anderson Valley.