
Vallejo, CA 94590
This Triplex Residential Income property is a High-Potential Investment Opportunity, listed at $925,000—positioned well above the $904,278 Fair Market Value. While priced slightly above market, the property offers a stable 6% cap rate and an 11.33 gross rent multiplier. Featuring a Condition Rating of 2, the residence includes modern kitchen and bath upgrades, individual utility metering, and water views. This asset provides immediate cash flow and flexible unit configurations, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a multi-generational income stream.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 329 El Dorado Street Subject 0 bd · 0 ba · 4,805 sqft · $188 | $925,000* List Price | 0 | 0 | 4,805 | $188 | - |
A 316 Napa Street Pending 6 bd · 0 ba · 4,820 sqft · $165 · 0.1 mi | $795,000 List Price | 6 | 0 | 4,820 | $165 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1910, the property has undergone extensive recent renovations (likely <5 years) as evidenced by the fully remodeled kitchens with shaker cabinets and farmhouse sinks, and bathrooms featuring modern tile and walk-in showers. The interior shows mint-condition finishes including newer flooring and paint, while visible modern HVAC ductwork and individual utility metering indicate updated systems.
With a 6% cap rate, an 11.33 gross rent multiplier, and individual metering for all utilities, this triplex offers immediate cash flow and low owner overhead.
The property blends 1910 Victorian architectural character and water views with essential modern updates, including remodeled kitchens, bathrooms, and newer flooring.
The combination of two large 4-bedroom units and a separate 3-bedroom cottage provides rare scale and flexibility for owner-occupants, multi-generational families, or high-capacity rentals.
The assigned elementary and high schools have low ratings (2/10), which may limit the property's appeal to families and impact long-term appreciation.
The substantial 4,805 square foot living area sits on a 4,334 square foot lot, resulting in very limited outdoor space or yard area for the tenants of the three units.
Rare Vallejo income property with water views, historic character, and immediate rental income. This unique three-unit property is anchored by a spacious circa-1910 Victorian-era residence featuring classic period charm with Queen Anne and Colonial Revival influences. The impressive two-story main residence offers 4 bedrooms and 2 bathrooms, beautiful water views, a traditional parlor, a Murphy bed, and remodeled kitchen and bathrooms that blend modern comfort with vintage character. The lower flat is also generously sized with 4 bedrooms and 2 bathrooms and includes valuable off-street parking, all newer modern upgrades and appliances, newer flooring throughout, full bath that is fully remodeled with gorgeous tile, walk in shower, large bedrooms with lots of windows, indoor laundry room with full size hook ups. A separate cottage-style residence offers 3 bedrooms and 2 bathrooms, creating additional flexibility for rental income, extended family or future owner use. With two of the three units currently rented, the property provides immediate income while still offering endless opportunities to live in 1 unit and rent the others and take advantage of great financing opportunities. Ideally suited for an owner-occupant, investor or multi-generational buyer seeking a distinctive property with character, space, and multiple income streams in an established Vallejo neighborhood. Each unit is individually metered for water, gas and electricity. A rare opportunity to own multi units with seperate laundry rooms for each tenant and leases in which tenants pay for their own utilities. 6% cap rate and 11.33 gross rent multiplier.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.4 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.3 |
| Baths | 0.0 | 7.0 |
| Square foot | 4,805 | 2,231 |
| Lot Size | 4,334 | 6,533.667 |
| Price | $925.0K | $621.7K |
| Price per sq ft | $193 | $321 |
| Built year | 1910 | 1940 |
| HOA | $0 | $0 |
| Days on market | 23 | 83 |
Oct 1, 2026
$925,000
Initial Listing
May 6, 2011
$75,000
Public Record
Nov 4, 2005
$536,000
Public Record
Jun 26, 2001
$380,000
Public Record