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Opportunity knocks at 15692 Armstrong—an exceptional investment opportunity featuring four fully rented, beautifully remodeled units in desirable Middletown, each offering approximately 830 square feet of comfortable living space. Built in 1979 and thoughtfully updated, every unit includes 2 bedrooms, 1 bath, a spacious great room, and a well-appointed kitchen, with two units enjoying the added charm of a decorative fireplace in the living room. Recent upgrades include stylish new flooring, fresh interior and exterior paint, and meticulously remodeled kitchens showcasing center islands, new appliances, modern cabinetry, and updated finishes, while the refreshed bathrooms provide a clean, contemporary feel. Tenants appreciate access to the fenced side and back yard, covered carport parking, and convenient indoor laundry facilities with multiple washers and dryers. Ideally located close to shopping, the library, and the senior center in charming downtown Middletown, this turnkey fourplex offers strong rental income potential and is a standout opportunity to secure a solid, income-producing property and elevate your investment portfolio.

Highlights

  • Commercial Sale
  • Multi Family
  • Built in 1979
  • 0.35 Acre Lot
  • 164 days on Market

  • Year Built
    1979
  • Stories
    2.0
  • Construction Materials
    Wood Siding, Concrete
  • Cooling
    Electric, Wall Window Units
  • Heating
    Baseboard

  • Acres
    0.35
  • Lot Features
    Garden, Two To Five Units Acre
  • Utilities
    None
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 15692 Armstrong?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 15692 Armstrong.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 15692 Armstrong?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $795,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Middletown, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 15692 Armstrong?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 15692 Armstrong at around $4,524. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 15692 Armstrong?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Lake County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 15692 Armstrong?

In most cases, yes. Whether 15692 Armstrong is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Middletown's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 15692 Armstrong?

We can handle that for you. Our preferred local agent specializes in commercial sales in Middletown and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $795,000 with 3,320 sqft of space—that comes out to approximately $239 per square foot.

How long has this property been on the market?

15692 Armstrong was listed on May 29, 2026, which means it's been on the market for 164 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1979, making it approximately 47 years old.

What is the lot size of this property?

15692 Armstrong sits on a 0.35-acre lot, which is 15,246 square feet.

Is 15692 Armstrong still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information from California Regional Multiple Listing Service as of November 09, 2026 at 03:35PM All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This information 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.

Last Updated: November 09, 2026 at 03:35PM | Source: California Regional Multiple Listing Service | MLS#: LC26116832