308 Florida St., Vallejo, CA 94590, Vallejo, 94590 - 0 bed, 0 bath
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Vallejo, CA 94590
This High-Potential Investment Opportunity is a Turnkey Duplex listed at $599,000, positioned well below the $727,347 Fair Market Value by 17%. This valuation gap offers $128,347 in Instant Equity for the savvy buyer. With a Condition Rating of 3, the property features new furnaces, water heaters, and a solid roof, ensuring minimal maintenance. Its strategic location near the Vallejo Ferry provides strong rental demand, making this an ideal asset for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-generating property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 308 Florida St. Subject | $599,000* List Price | 0 | 0 | 1,776 | $410 | - |
A 915 Napa Street Sold | $599,000 | 4 | 0 | 2,052 | $292 | 0.5 mi |
B 31 Kentucky Street Sold | $585,000 | 4 | 2 | 1,400 | $418 | 0.2 mi |
C 723 Florida Street Sold | $625,000 | 6 | 3 | 1,566 | $399 | 0.4 mi |
D 1511 Marin St Active | $649,000 List Price | 0 | 0 | 1,808 | $359 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1983, the property is described as meticulously maintained and turnkey. It features new furnaces and water heaters, a roof in good condition, and updated interior flooring and paint. The kitchen and baths appear functional and well-kept, meeting the criteria for a well-maintained, move-in ready investment.
Situated just three minutes from the Vallejo Ferry Building, the property offers seamless access to San Francisco, making it highly attractive to professional commuters and ensuring high tenant demand.
With new water heaters, updated furnaces, and a roof in good condition, this well-maintained duplex minimizes immediate capital expenditures and maintenance costs for the incoming investor.
The property boasts 100% occupancy and a strong rental history with tenants responsible for their own PG&E, providing a stable, high-yield investment with reduced owner utility expenses.
The assigned public schools, including Lincoln Elementary and Vallejo High, have low ratings (2/10), which may deter families and impact long-term residential appeal.
Each two-bedroom unit features only one bathroom, which may be a competitive disadvantage compared to more modern multi-family layouts that offer a second bathroom or a master suite.
Introducing a prime investment opportunity in Vallejo, CA - a meticulously maintained 1,776 SF multifamily property with two spacious 2 bed/1 bath units. With a strong rental history and 100% occupancy, this property offers high in-place income, along with tenants responsible for PG&E. Featuring laundry hookups in both units, new water heaters and furnaces, and a roof in good condition, this property provides investors with minimal maintenance costs. Boasting a sought-after location just 3 minutes from the Ferry Building, this low-rise gem presents an enticing opportunity for the savvy investor seeking a turnkey income generator in a thriving market. Located in the vibrant city of Vallejo, CA, the area surrounding the property offers a wealth of attractions and amenities. Just minutes away, residents can enjoy the Vallejo Ferry Building, providing easy access to San Francisco and its numerous job opportunities and entertainment options. The Vallejo Waterfront Park is also within close reach, offering a picturesque escape with walking paths and scenic views. Nearby dining options include popular local eateries such as The Sardine Can and Front Room at the Wharf, ensuring a diverse culinary scene for residents to explore. With its convenient proximity to these attractions and more, this location presents an enticing opportunity for multifamily investors seeking a dynamic and attractive rental market.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.6 mi
Grades K-5 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 4.0 | 20% |
| Baths | 0.0 | 1.0 | 40% |
| Square foot | 1,776 | 1,566 | 60% |
| Lot Size | 6,500 | 4,809 | 60% |
| Price | $599.0K | $599.0K | 50% |
| Price per sq ft | $337 | $337 | 50% |
| Built year | 1983 | 1895 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 214 | 20% |
May 28, 2026
$599,000
Initial Listing
Aug 30, 2019
$550,000
Public Record
Nov 22, 2013
$266,000
Public Record
Dec 12, 2005
$500,000
Public Record
Nov 21, 1995
$110,000
Public Record