Kelley Eling

License# 01336994
Representing the Best Interests of Sellers and Buyers of Residential Real Estate Since 2002

1516 3rd St Unit 8
Napa, CA 94559
Active | Multi-Family
$1,975,000
Price
3
Bed
2
Bath
Listed By Michael Holcomb and W Real Estate
Courtesy of Michael Holcomb, W Real Estate
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.
Source: BAREIS MLS
MLS#: 325046282
33 days on site
Michael Holcomb - E325254 | W Real Estate - 7E2773
Property Details
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Courtesy of W Real Estate
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Last updated 2025-06-22T16:58:51.000Z
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