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Sold on 12/23/2025
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1516 3rd St #8, Napa, CA 94559

  • $1,800,000

    Last sold 12/23/2025 after 216 Days

  • 3

    bed

  • 2

    bath

Multi-family not for sale
Movoto is helping 57 homebuyers near you

About 1516 3rd St #8

Property type Multi-family
Neighborhood
Year built 1885
HOA fee $0/month
Lot size 7,588 Sqft
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.
Listed by
Listing Agent - Michael Holcomb
Listing Office - W Real Estate
Source: BAREIS mls logo
MLS#325046282 • last updated 7 months ago
Movoto checked BAREIS for data 7 minutes ago
Overview
Cooling/AC None
Heating Wall Furnace
Levels/Style 0
SubType 5 Or More Units
Type Residential Income
Year Built 1885
MLS # 325046282
Status Closed
On Market Date 2025-05-21
Lot Size (Acres) 0.1742
Lot Size (SqFt) 7588
Interior
Laundry Other
Exterior
Parking None, See Remarks
Lot Desc Other
Amenities / Utilities
Water Source Public
Utilities Sewer Connected
Location
Area Napa
County Napa
APN 003-202-008-000
Multifamily Details
# of 2-BR Occupied 2
# of 1-BR Occupied 3
Unit 2: # Bedrooms 2
1-BR: Rent Range $1, 500 - $1, 595
Unit 2: # Full Bathrooms 1
Unit 2: # of Rooms 4
Unit 1 *
2-BR: Rent Range $1, 565 - $1, 695
# of Studios Occupied 3
Unit 1: # Full Bathrooms 1
Unit 2 *
Unit 1: # Bedrooms 1
Unit 1: # of Rooms 3
# of Units 8
# of 1-Bedroom Units 3
# of 2-Bedroom Units 2
# of Studio Units 3
Total # of Buildings 1
Gross Scheduled Income $ 105822
Cap Rate 5.4
  • 1516 3rd St #8
    $1.8M
  • Cental Napa
    $1.34M +12% y/y
  • 94559
    $1.19M 0% y/y
  • Napa
    $1.09M -5% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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  • 1516 3rd St #8
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