531 Georgia St, Vallejo, CA 94590, Vallejo, 94590 - 0 bed, 0 bath
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531 Georgia St
Vallejo, CA 94590
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
4,269Sq Ft
6,500Lot Size
Property Price
LIST PRICE$829,999
EST. MARKET VALUE
$809,133
SUMMARY
This 3-unit Residential Income Asset is a High-Potential Investment Opportunity, listed at $829,999—positioned slightly above the $809,134 Fair Market Value. Featuring a Condition Rating of 2, the property includes significant 2023 renovations, such as a newer roof, upgraded electrical, and split HVAC systems. With 100% occupancy and a 6.72% Cap Rate, this DMX-zoned building offers immediate, stable cash flow in the heart of downtown Vallejo. This is an ideal acquisition for Buy-and-Hold Investors or Commercial Developers seeking a turnkey, income-generating property with long-term flexibility.
Estimated Market Value
$809,133
Based on Realkey algorithm analyzing recent comparable sales in Vallejo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 531 Georgia St Subject 0 bd · 0 ba · 4,269 sqft · $190 | $829,999* List Price | 0 | 0 | 4,269 | $190 | - |
A 316 Napa Street Pending 6 bd · 0 ba · 4,820 sqft · $165 · 0.2 mi | $795,000 List Price | 6 | 0 | 4,820 | $165 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Renovated in 2023 (less than 5 years ago) with significant system upgrades including a newer roof (~5 years), upgraded electrical panels, new split HVAC, and new flooring. The property is meticulously maintained with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Cash Flow & Occupancy
The property offers immediate investment stability with 100% occupancy and a solid 6.72% current cap rate, providing reliable income from day one.
- Extensive Recent Renovations
Significant 2023 upgrades, including a newer roof, upgraded electrical capacity, and fresh exterior paint, greatly reduce the need for immediate capital expenditures.
- Prime Mixed-Use Zoning
The DMX (Downtown Mixed Use) zoning provides exceptional flexibility for high-density residential and commercial uses in a high-traffic downtown location.
CONSRISKS & DEFICIENCIES
- Underperforming School District
The local elementary and high schools are rated low (2/10), which may limit the property's appeal to families and impact long-term residential tenant quality.
- Vintage Infrastructure Risks
Despite recent renovations, the 1930s construction may present underlying maintenance challenges or aging infrastructure typical of century-old buildings.
About 531 Georgia St
Excellent multi-family / residential income investment opportunity in the heart of downtown Vallejo! This 4,269 SF 3-unit mixed-use building at 531-537 Georgia St features 3 fully leased income-generating units at 100% occupancy, offering immediate, stable cash flow with upside potential. Built in 1930 and renovated in 2023, the property has been meticulously maintained with a newer roof (~5 years old), upgraded electrical capacity with PG&E (including new exterior panels), new gutters, and fresh exterior paint. Unit 537 features additional high-value upgrades including new split HVAC, new flooring, and a new electrical subpanel. Zoned DMX (Downtown Mixed Use), the property offers high-density residential and commercial flexibility on a 6,500 SF lot complete with off-street rear parking plus ample street parking. Prime location just half a block from Old Town Vallejo, moments from the Farmers Market, Empress Theatre, and Georgia Street corridor. Current Cap Rate 6.72%, Pro Forma 6.88%. Buyer to verify all measurements, income, expenses, and zoning uses
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1930
- Lot Size
- 6,500 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Vallejo Unified Schools
Lincoln Elementary School
Grades K-5 • 0.2 mi
2/10
Highland Elementary School
Grades K-5 • 1.4 mi
4/10
Grace Patterson Elementary School
Grades K-5 • 1.7 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.3 |
| Baths | 0.0 | 7.0 |
| Square foot | 4,269 | 2,231 |
| Lot Size | 6,500 | 6,533.667 |
| Price | $830.0K | $621.7K |
| Price per sq ft | $194 | $321 |
| Built year | 1930 | 1940 |
| HOA | $0 | $0 |
| Days on market | 39 | 83 |
Pricing History
Listed for Sale
Sep 15, 2026
$829,999
Initial Listing