
Vallejo, CA 94591
This Residential Income Quadruplex represents a Strong Value Opportunity, listed at $998,000—positioned well below the $1,062,477 Fair Market Value by 6%. This valuation gap offers $64,477 in Instant Equity. With a Condition Rating of 3, the property features modern unit renovations, separate metering, and recent structural upgrades. Its versatile unit mix and proximity to the San Francisco Ferry make it a prime asset for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through immediate rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 615 Pope Drive Subject | $998,000* List Price | 0 | 0 | 4,317 | $246 | - |
A 150 Yorkshire Court Active | $1,200,000 List Price | 8 | 5 | 4,271 | $281 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1969, the property is well-maintained with significant updates. Interior photos show at least one unit with a modern renovation (granite countertops, shaker cabinets, and newer vinyl plank flooring) within the 5-15 year range. Recent permitted structural maintenance on walkways and stairs, combined with functional central heating and separate metering, makes it move-in ready.
The property offers immediate income from three long-term tenants while featuring a vacant unit perfect for an owner-occupant to utilize favorable residential financing.
The building includes a spacious 3-bedroom front unit and varied 2-bedroom and 1-bedroom layouts, all with separate meters and private outdoor spaces to maximize rental appeal.
Situated on Vallejo's desirable east side, the property provides excellent proximity to the San Francisco Ferry, local schools, and major freeway access, ensuring high tenant demand.
Constructed in 1969, the property may require future capital expenditures for aging systems and components typical of buildings from this era.
With only one covered off-street parking space per unit, the parking capacity may be insufficient for the larger 3-bedroom unit or multi-vehicle households.
Excellent investment opportunity on Vallejo's desirable east side! This well-maintained four-plex offers strong income potential with three long-term tenants already in place and the main unit will be ready for an owner-occupant looking to move in right away while generating immediate rental income from the remaining units. The property may qualify for owner-occupied financing, making it an attractive option for both investors and buyers seeking to offset their mortgage with rental income. It is also well suited for an investor completing a 1031 exchange. The building features desirable multi-family floor plans, including a spacious 3-bedroom, 2-bath front unit with a fireplace; two 2-bedroom, 1-bath units, one upstairs and one downstairs; and one 1-bedroom, 1-bath upstairs unit. Each residence offers comfortable living space with a dedicated dining area and central heat, and three of the four units include a private patio or deck. Units are separately metered for gas and electricity, helping support efficient property management. Tenants will appreciate the attached downstairs laundry room, as well as one covered off-street parking space per unit under the lighted carport. The upper walkway and stairs serving Units C and D were replaced in June with City of Vallejo permits, adding further value and peace of mind. Conveniently located near shopping, schools, freeway access, and public transportation, this property also offers easy access to favorite Vallejo amenities, including the year-round farmers market, waterfront festivals, and the San Francisco Ferry. A versatile four-plex with immediate income, owner-occupancy potential, and long-term investment appeal.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,317 | - |
| Lot Size | 10,250 | - |
| Price | $998.0K | $559.7K |
| Price per sq ft | $231 | $334 |
| Built year | 1969 | 0 |
| HOA | $0 | $0 |
| Days on market | 19 | 149 |
Jul 3, 2026
$998,000
Initial Listing
Jan 12, 2015
$480,000
Public Record