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1516 3rd St
Napa, CA 94559
Multifamily Property For Sale
·
8 Units
EXECUTIVE SUMMARY
Discover a unique investment opportunity with The Lovejoy Mansion, a Stick Eastlake Victorian built between 1885–1887 and later converted into an 8-unit multi-family property in the mid-20th century. This building combines classic architectural character with updated systems, offering both historic charm and practical functionality in the heart of Napa Valley.
Property Highlights:
• Modern Systems: Comprehensive 1985 renovation included all-new plumbing, ABS drain lines, full rewiring for electric, phone, and cable, and new gas service—all separately metered for each unit.
• Independent Utilities: Each unit boasts its own gas-fired wall furnace and gas water heater, ensuring individual tenant control and efficient management.
• Fully Leased: Solid tenant base, including some long-term residents, offering immediate cash flow.
• Outdoor Space: Shared rear patio area perfect for tenant relaxation.
Whether you're seeking a stable income-producing asset or looking to add a landmark property to your portfolio, The Lovejoy Mansion represents a rare opportunity to own a slice of Napa’s heritage in an unbeatable location.
Inquire today to schedule a private showing of this exceptional investment property.
Property Highlights:
• Modern Systems: Comprehensive 1985 renovation included all-new plumbing, ABS drain lines, full rewiring for electric, phone, and cable, and new gas service—all separately metered for each unit.
• Independent Utilities: Each unit boasts its own gas-fired wall furnace and gas water heater, ensuring individual tenant control and efficient management.
• Fully Leased: Solid tenant base, including some long-term residents, offering immediate cash flow.
• Outdoor Space: Shared rear patio area perfect for tenant relaxation.
Whether you're seeking a stable income-producing asset or looking to add a landmark property to your portfolio, The Lovejoy Mansion represents a rare opportunity to own a slice of Napa’s heritage in an unbeatable location.
Inquire today to schedule a private showing of this exceptional investment property.
PROPERTY FACTS Under Contract
| Price Per Unit | $340,144 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| No. Units | 8 | Building Size | 4,200 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1885 |
| Apartment Style | Single-Family Home | Opportunity Zone |
Yes
|
| Zoning | DMU - Downtown Mixed Use | ||
| Price Per Unit | $340,144 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,200 SF |
| No. Stories | 2 |
| Year Built | 1885 |
| Opportunity Zone |
Yes |
| Zoning | DMU - Downtown Mixed Use |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Sprinkler System
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walk-Up
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 003-202-008 | Improvements Assessment | $555,353 CAD |
| Land Assessment | $214,712 CAD | Total Assessment | $770,065 CAD |
PROPERTY TAXES
Parcel Number
003-202-008
Land Assessment
$214,712 CAD
Improvements Assessment
$555,353 CAD
Total Assessment
$770,065 CAD
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