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1516 3rd St #8
1516 3rd St #8
1516 3rd St #8
1516 3rd St #8
1516 3rd St #8
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$1,975,000

1516 3rd St #8

2 Baths

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.

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Location

1516 3rd St #8, Napa, CA 94559

Status

For Sale
Will Lance

Will Lance

TITLE

Realtor®

Property Amenities

View additional property information below.
Interior
Laundry room Other
Full Bathrooms: 2
Area & Lot
Lot Area 7,588 Sq.Ft.
MLS® ID 325046282
Year Built 1885
Type Multi-Family
Status For Sale
Exterior
Air conditioning None
Heat type Wall Furnace
Water Source Public
Sewer Sewer Connected
Parking None, See Remarks
Lot Features Other
Finance
Sales Price $1,975,000

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