
Vallejo, CA 94590
This Victorian-style fourplex represents a High-Potential Investment Opportunity, listed at $899,000—positioned slightly above the $875,062 Fair Market Value. While the property requires cosmetic modernization, its Condition Rating of 4 is supported by a 2020 roof and 2025 exterior paint. Featuring a diverse unit mix and separate metering, this asset minimizes overhead while maximizing rental demand in a transit-oriented downtown location. This is a stable, income-generating acquisition ideal for Buy-and-Hold Investors or Value-Add Developers seeking long-term growth in the Vallejo market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 231 Tennessee Street Subject | $899,000* List Price | 0 | 0 | 3,460 | $253 | - |
A 1211 Santa Clara Street Pending | $875,000 List Price | 4 | 4 | 3,400 | $257 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property has a newer roof (2020) and fresh exterior paint (2025), the core systems like electrical and copper plumbing were updated in 2005, making them over 20 years old. Interior images show dated finishes including drop ceilings, wood paneling, and mid-2000s era kitchens and baths that are functional but require modernization.
The property features a versatile mix of 3, 2, and 1-bedroom units with separate metering, maximizing rental appeal while significantly reducing owner utility overhead.
Significant updates including a 2020 roof, 2025 exterior paint, and 2005 electrical/plumbing upgrades mitigate immediate capital expenditure requirements for new investors.
Situated in revitalizing Downtown Vallejo near the waterfront ferry and major transportation routes, the location offers excellent connectivity for Bay Area commuters.
As a Victorian structure built in 1900, the property may require specialized, ongoing upkeep and could harbor age-related issues common in century-old buildings.
The assigned elementary and high schools carry low ratings (2/10), which may limit the pool of long-term family tenants for the larger three-bedroom unit.
Classic Victorian Charm Meets Investment Opportunity in Downtown Vallejo. Investors, take note! This well-positioned Victorian-style fourplex offers an attractive opportunity to own a multi-unit property in a revitalizing area of Downtown Vallejo. The property consists of a versatile mix of one 3-bedroom unit, one 2-bedroom unit, and two 1-bedroom units, providing a diverse unit mix designed to appeal to a broad range of tenants. Adding to the property's investment appeal, each unit is separately metered and designated parking space with room for guest parking, providing a practical advantage for ownership and tenant management. Current ownership has demonstrated a commitment to maintaining and improving the property, with numerous interior and exterior upgrades made over the years. Significant capital improvements include electrical and copper updates to most of the property in 2005, roof installed in July 2020, repaired siding in select areas, and fresh exterior paint completed in 2025, giving the property a clean, refreshed appearance. The location is equally compelling. Situated near Downtown Vallejo's retailers, restaurants, entertainment, and waterfront ferry service, residents have convenient access to the amenities and transportation options that make urban living attractive. The property is also positioned within reach of major transportation routes connecting Vallejo to surrounding Bay Area communities. Four units. Updated where it matters. Downtown location. Classic Vallejo character. A compelling opportunity for investors looking for a multi-family property with both functionality and future potential.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.4 mi
Grades K-5 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 6.0 |
| Baths | 0.0 | 7.0 |
| Square foot | 3,460 | 2,224.5 |
| Lot Size | 6,500 | 7,187 |
| Price | $899.0K | $602.5K |
| Price per sq ft | $260 | $334 |
| Built year | 1900 | 1924 |
| HOA | $0 | $0 |
| Days on market | 20 | 100 |
Aug 20, 2026
$899,000
Initial Listing
Jun 3, 2021
$750,000
Public Record
Aug 13, 1999
$445,500
Public Record