5
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Listed by Michael Holcomb • W Real Estate • W Real Estate
W Real Estate
W Real Estate
$1,975,000
Est. payment /mo
1,200 Beds
2 Baths
7,588 Sqft Lot
New
1516 3rd ST 8 Napa, CA 94559
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Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 325046282
Bedrooms 1200
HOA Y/N No
Year Built 1885
Lot Size 7,588 Sqft
Property Sub-Type 5 or More Units
Property Description
Discover a unique investment opportunity with The Lovejoy Mansion, a Stick Eastlake Victorian built between 1885-1887 and later converted into an 8-unit multi-family property in the mid-20th century. This building combines classic architectural character with updated systems, offering both historic charm and practical functionality in the heart of Napa Valley. Modern Systems: Comprehensive 1985 renovation included all-new plumbing, ABS drain lines, full rewiring for electric, phone, and cable, and new gas service all separately metered for each unit. Independent Utilities: Each unit boasts its own gas-fired wall furnace and gas water heater, ensuring individual tenant control and efficient management. Fully Leased: Solid tenant base, including some long-term residents, offering immediate cash flow. Outdoor Space: Shared rear patio area perfect for tenant relaxation. Prime Location: Just a short stroll to vibrant Downtown Napa fine dining, tasting rooms, shops, and entertainment all within reach. Whether you're seeking a stable income-producing asset or looking to add a landmark property to your portfolio, The Lovejoy Mansion represents a rare opportunity to own a slice of Napa's heritage in an unbeatable location.
Location
State CA
County Napa
Area Napa
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features None, See Remarks
Building
Sewer Sewer Connected
Water Public
Others
Special Listing Condition None
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