
Suisun City, CA 94585
6.89% Cap Rate! ±6,367 square foot, five-unit multifamily property located in the heart of Suisun City, just steps from the waterfront. The building offers an attractive unit mix of spacious one-bedrooms, studios, and a large three-bedroom 1,500+ square foot unit, situated on a ±7,162 square foot lot. Four of the five units are currently leased, providing immediate income with upside through lease-up of the remaining vacancy and continued rent growth. The offering also includes the adjacent parcel, which provides 5+ off-street parking spaces and secured storage at the rear. The property represents an excellent opportunity for investors seeking strong cash flow in an emerging Solano County submarket.
Property is moderate renovation needed.
Built in 1940, this multi-unit property is functional but dated. Kitchens and bathrooms feature older laminate surfaces and basic appliances likely over 20 years old. The presence of wall heaters instead of central HVAC, along with visible wear on original hardwood floors and exterior trim, indicates the need for modernization and minor repairs to reach current market standards.
Boasting a 6.89% Cap Rate, this property offers strong immediate cash flow with additional upside through the lease-up of the final vacant unit and future rent growth.
Situated in the heart of Suisun City just steps from the waterfront, the property benefits from a highly desirable and walkable location that appeals to a wide tenant base.
The inclusion of an adjacent parcel providing 5+ off-street parking spaces and secured storage is a significant competitive advantage in a dense downtown submarket.
Originally constructed in 1940, the building may require more frequent maintenance or significant capital expenditures for system upgrades compared to newer assets.
The property has undergone a recent price reduction from $1.095M to $1.025M, which may suggest a cooling in market demand or a need for more aggressive positioning.
No exterior & parking available.
No sensitive facilities data found.
Apr 24, 2026
$1,025,000
$1,095,000
-6% Price Drop
Initial Listing
Jan 27, 2026
$1,095,000
Initial Listing
May 14, 2019
$720,000
Public Record