
Vallejo, CA 94590
This Multi-Unit Residential Asset is listed at $599,000, offering a strategic 2 Houses on 1 Lot configuration that maximizes privacy and rental utility. While the price reflects a premium over the $550,083 Fair Market Value, the property delivers Immediate Cash Flow via a tenant-occupied front unit and a vacant rear unit ready for occupancy. Featuring a Condition Rating of 4 and a generous 6,500 Sqft Lot, the layout provides a rare House-Hack Opportunity near Highland Elementary School and Franklin Middle School. This is a versatile acquisition perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to build equity through rental income.
Property is moderate renovation needed.
Built in 1915, the property is described as 'turn key' and is currently occupied, suggesting it is maintained and functional. However, the extremely limited square footage (895 sqft for two houses) and the century-old infrastructure indicate that while the property is livable, it likely features outdated systems and minor deferred maintenance typical of its age.
The property features two separate houses on a single lot, providing superior privacy and rental appeal compared to a traditional shared-wall duplex.
With a long-term tenant already in place in the front unit, the property offers immediate rental income and reduced vacancy risk for investors.
The back unit will be delivered vacant, offering a rare opportunity for a buyer to live in one unit while subsidizing their mortgage with the existing rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 895, other record living area = 811. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
At only 895 total square feet for four bedrooms across two structures, the individual rooms and living spaces are likely exceptionally small and cramped.
Built in 1915, the property's age suggests potential long-term maintenance challenges related to century-old plumbing, electrical, and structural systems.
2 Houses on 1 lot!! Introducing a very plentiful investment opportunity to you. This fully occupied property is prime and turn key. Why buy a duplex, when you can buy 2 separate houses all in 1! Don't let this investment opportunity pass you buy. This is your rare chance. Long term tenant at the front unit. Back unit will be delivered empty.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 86% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 895 | 1,118 | 24% |
| Lot Size | 6,500 | 5,772 | 65% |
| Price | $599.0K | $450.0K | 83% |
| Price per sq ft | $669 | $369 | 95% |
| Built year | 1915 | 1937 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 206 | 6% |
Feb 20, 2026
$599,000
Initial Listing
Jul 28, 1995
$78,500
Public Record