Positioned on prestigious Fern Avenue within the highly sought-after Smiley Heights Historic District, this seven-unit multifamily property represents a rare investment opportunity in one of Redlands' premier locations. The asset benefits from close proximity to Downtown Redlands, the University of Redlands, and ESRI's global headquarters, which drives consistent rental demand and long-term tenant stability. Situated on an expansive 9,300+ square foot lot, the property features four private garages and additional open parking, providing ample on-site convenience for residents. The generous lot size also offers excellent potential for future Accessory Dwelling Unit (ADU) development, creating a clear path for increased income and long-term value appreciation. Residents enjoy a prime South Redlands setting known for its mature tree-lined streets, historic architecture, and convenient access to everyday amenities. The neighborhood offers top-rated schools, scenic parks, shopping and dining destinations, fitness centers, and easy connectivity to I-10 and the San Bernardino International Airport, located just seven miles away. This property presents investors with an exceptional opportunity to acquire a well-located, income-producing asset with significant value-add potential in one of the most desirable submarkets of Redlands.