515 Grant St, Vallejo, CA 94590, Vallejo, 94590 - 0 bed, 0 bath
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Vallejo, CA 94590
This Residential Income Duplex is a Strong Value Opportunity, listed at $540,000—positioned well below the $572,067 Fair Market Value by 5%. This valuation gap offers $32,067 in Instant Equity for the buyer. With a Condition Rating of 4, the property features recent interior updates in one unit and private backyards for both. This asset is an ideal choice for Buy-and-Hold Investors or first-time buyers looking to offset mortgage costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 515 Grant St Subject | $540,000* List Price | 0 | 0 | 1,452 | $394 | - |
A 1115 Solano Avenue Sold | $495,000 | 2 | 1 | 0 | 0.6 mi | |
B 526 Jersey Street Active | $645,000 List Price | 5 | 3 | 1,728 | $373 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1942, the property is functional but dated. While one unit features new flooring and paint, the kitchen cabinets and appliances are older, and the heating system consists of an aged wall heater. The property is move-in ready but requires modernization of systems and kitchens to meet modern standards.
This duplex offers a prime opportunity for first-time buyers to 'house hack' by living in one unit while generating rental income from the other to offset mortgage costs.
The right unit features brand-new flooring and fresh paint, providing a turnkey feel and reducing immediate capital expenditure for the new owner.
Each unit includes its own private backyard and dedicated two-car parking, rare features for multi-family properties that significantly increase tenant desirability and retention.
The current list price of $540,000 is lower than the 2022 sale price of $570,000, indicating a potential loss in equity or a shift in local market conditions.
Built in 1942, the property may require more frequent maintenance or modernization of major systems compared to newer multi-family developments.
Duplex comes with 2 bedroom and 1 bath on each unit with its own private backyard and spacious front with room for 2 cars parking for each unit. Right unit comes with new floors and paint. Come and see the potential. Great for 1 time home buyers to live in one and get rental income.
No exterior & parking available.
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 | 1,452 | 1,452 | 50% |
| Lot Size | 5,000 | 4,809 | 60% |
| Price | $540.0K | $585.0K | 40% |
| Price per sq ft | $372 | $372 | 50% |
| Built year | 1942 | 1895 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 215 | 20% |
May 27, 2026
$540,000
Initial Listing
May 9, 2022
$570,000
Public Record