1516 3rd Street 8 Napa, CA 94559
Listing Courtesy of: BAREIS / W Real Estate Napa / Michael Holcomb / W Real Estate - Windsor / Will Lance

  1516 3rd Street 8 Napa, CA 94559

Active
$1,975,000
3
BED
2
BATH

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.

MLS #:
325046282
Lot Size
7,588 SQFT
Type
Multifamily
Year Built
1885
County
Napa County

Listed By

Michael Holcomb, DRE #01458995, W Real Estate Napa
Will Lance, DRE #01931900, W Real Estate - Windsor
Source
BAREIS
Last checked May 22 2025 at 3:39 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 2
Lot Information
  • Other
Heating and Cooling
  • Wall Furnace
  • None
Utility Information
  • Sewer: Sewer Connected
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Disclaimer: Listing Data © 2025 Bay Area Real Estate Information Services, Inc. All Rights Reserved. Data last updated: 5/21/25 20:39