440 Center Street, Healdsburg, CA 95448, Healdsburg, 95448 - 2 bed, 3 bath
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Healdsburg, CA 95448
This mixed-use property presents a Strong Value Opportunity with a List Price of $1,995,000—positioned well below the $2,109,706 Fair Market Value by 5%. This valuation gap offers $114,706 in Instant Equity. Featuring a Condition Rating of 2 with modern renovations, the asset includes a retail space and two vacation-ready apartments. With a recently installed fire sprinkler system and prime downtown location, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, move-in-ready commercial and residential hybrid.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 440 Center Street Subject | $1,995,000* List Price | 2 | 3 | 3,348 | $636 | - |
A 511 Hidden Acres Road Sold | $2,250,000 | 3 | 4 | 3,400 | $662 | 0.9 mi |
B 1100 Sunnyside Drive Active | $1,595,000 List Price | 4 | 3 | 2,135 | $747 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1974 build date, the property shows a high-end, contemporary renovation likely completed within the last 5 years. The apartments feature modern kitchens with stone countertops and white shaker cabinetry, updated LVP flooring, and recessed lighting. Systems have been modernized, specifically noted by the recently installed fire sprinkler system, and the retail space is in mint, move-in-ready condition.
Situated just blocks from the Healdsburg Plaza and world-class dining, this property offers exceptional foot traffic for retail and high desirability for residential tenants.
The combination of ground-floor commercial space and two upstairs apartments with a CUP for vacation rentals provides diverse and high-yield revenue streams for investors.
The inclusion of dedicated parking and a recently installed fire sprinkler system provides significant value and safety compliance, which are often difficult to find in downtown properties.
Built in 1974, the property may require modernization of mechanical systems or aesthetic updates to meet the luxury standards expected in the Healdsburg market.
Operating a mixed-use building with both commercial tenants and short-term vacation rentals requires more intensive management and oversight than a standard residential asset.
Rare downtown retail with parking and two upstairs apartments with current CUP (conditional Use permit) for vacation rental. 3,348 square feet total comprises 1627 square feet of retail or office space below, 914 square feet front apartment and an 807 square feet rear apartment above. Enjoy this ideal location, just a short stroll to Healdsburg Plaza, local markets, and award-winning restaurants. 2 to 4 blocks from more than 10 restaurants. Plus, recently installed fire sprinklers system for added safety. Or live above your shop.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 3,348 | - |
| Lot Size | 5,225 | - |
| Price | $2.00M | $872.1K |
| Price per sq ft | $596 | $533 |
| Built year | 1974 | 0 |
| HOA | $0 | $0 |
| Days on market | 49 | 122 |
Jun 3, 2026
$1,995,000
Initial Listing