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Fully Leased Office Condo - Passive Income with Long-Term Tenant. This is your chance to own a turnkey, passive income property in one of Folsom's most desirable professional corridors. Located at 193 Blue Ravine Road, this ground-floor office condo is fully leased to a well-established tenant who has occupied the space for over 13 years, with a lease secured through June 2028 and built-in 3% annual rent increases. The property generates $44,472 in annual income, with a net operating income of $28,186 after expenses and HOA reserves. At the asking price of $549,000, this delivers a solid 6.0% cap rate, making it an excellent fit for any investor seeking stable, low-maintenance returns. The building features a modern, professional design with mature landscaping, large windows for natural light, and plenty of on-site parking. Located close to major roads, shopping, and services, this condo is part of a professionally managed complex with most maintenance costs covered by the HOA. If you're looking for a dependable, hassle-free investment with long-term upside this one checks all the boxes.

226076681 MLS

193 Blue Ravine Road Unit #120, Folsom

Listing courtesy of Exp Commercial of California, Inc..

$565,000

Rare 2.13-acre residential infill lot in the heart of Folsom offering flexibility and privacy. Currently in process of a tentative map for 4 large estate homesites, or create your own private family compound on over 2 acres. Properties like this don't come up often in Folsom! Easements in place for future access via Vance Lane, planned to cul-de-sac at the property. Tucked away down a private drive with no visible traffic, this secluded setting features mature trees and a peaceful natural feel. Potential to split into 4 lots averaging approx. 2/3 acre each. Ideally located near the American River, Old Town Folsom, shopping, dining, trails, and outdoor recreation. Surrounded by established neighborhoods and estate propertiesan outstanding development or legacy opportunity.

226034233 MLS

Vance Lane, Folsom

Listing courtesy of Hensler Real Estate.

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .