
Vallejo, CA 94590
This 6-unit Residential Income Asset is a Strong Value Opportunity, listed at $1,450,000—positioned well below the $1,540,243 Fair Market Value by 5%. This valuation gap offers $90,243 in Instant Equity. With a Condition Rating of 2 following a 2024 permitted remodel, the main building provides turnkey stability. Featuring a gated courtyard and private garages, this property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, historic Vallejo investment with significant rental versatility.
Property is new construction or fully renovated.
The main building was fully remodeled with permits in 2024, which is less than 5 years ago. The interior features brand new laminate flooring, fresh paint, updated baseboard heating systems, and clean, turnkey living spaces requiring no immediate maintenance.
The main building was fully remodeled in 2024 with permits, offering modern upgrades, soaring ceilings, and reduced immediate capital expenditure for the buyer.
The 6-unit configuration includes a large 4-bedroom main unit, one-bedroom units, and studios, providing excellent rental versatility and strong income-producing potential.
Centrally located in historic Saint Vincent's Hill near the Vallejo Ferry Terminal, the property features rare amenities including two enclosed private garages and a gated courtyard.
The designated local public schools, such as Lincoln Elementary and Vallejo High School, carry low ratings (2/10), which may deter families with school-aged children.
While the main building was fully remodeled in 2024, the two-unit rear building did not receive the same extensive updates, potentially requiring future maintenance or capital improvement.
Exceptional Historic 6-Unit Investment Property in the Heart of Vallejo featuring a total of 9 Bedrooms and 7 Full Bathrooms across two separate buildings. This unique offering combines timeless architectural character with extensive modern renovations. All 6 Units have been extensively updated and remodeled offering an attractive unit mix and strong income potential. The property consists of two separate buildings. The main building, fully remodeled in 2024 with permits while preserving its historic character, features four units, including a spacious Main Unit with 4 bedrooms and 2 bathrooms, soaring ceilings, abundant natural light, elegant staircase, and stylish upgrades throughout, ideal for an owner-occupant or premium rental. Additional Units in the Main Building include Unit A (1bed/1bath), Unit B (studio), and Unit C (2bed/1bath). The Rear building offers two additional fully remodeled units: Unit D (2BD/1BA) on the upper level and Unit E (studio) on the lower level. Two enclosed private garages provide valuable off-street parking and storage, with one garage designated for the Main Unit and the other designated for Unit D. A gated, private courtyard creates a charming, communal outdoor space for residents. Well-maintained and currently income-producing, this unique property combines strong current rental income with additional upside potential. Home Warranty in place paid until 2032 is transferable to new owner! Nestled in the desirable Saint Vincent's Hill Historic neighborhood, this centrally located multi-unit property presents an outstanding investment opportunity just minutes from the Vallejo Ferry Terminal, Farmer's Market, shopping, parks, schools, restaurants, and major freeways.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.4 mi
Grades K-5 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 5,270 | - |
| Lot Size | 3,999 | - |
| Price | $1.45M | $559.7K |
| Price per sq ft | $275 | $334 |
| Built year | 0 | 0 |
| HOA | $0 | $0 |
| Days on market | 29 | 149 |
Jun 23, 2026
$1,450,000
Initial Listing
Apr 29, 2022
$866,000
Public Record