531 Georgia StVallejo, CA 94590
OLD TOWN · Solano County
Description
Excellent multi-family / residential income investment opportunity in the heart of downtown Vallejo! This 4,269 SF 3-unit mixed-use building at 531-537 Georgia St features 3 fully leased income-generating units at 100% occupancy, offering immediate, stable cash flow with upside potential. Built in 1930 and renovated in 2023, the property has been meticulously maintained with a newer roof (~5 years old), upgraded electrical capacity with PG&E (including new exterior panels), new gutters, and fresh exterior paint. Unit 537 features additional high-value upgrades including new split HVAC, new flooring, and a new electrical subpanel. Zoned DMX (Downtown Mixed Use), the property offers high-density residential and commercial flexibility on a 6,500 SF lot complete with off-street rear parking plus ample street parking. Prime location just half a block from Old Town Vallejo, moments from the Farmers Market, Empress Theatre, and Georgia Street corridor. Current Cap Rate 6.72%, Pro Forma 6.88%. Buyer to verify all measurements, income, expenses, and zoning uses
Property Information
- Property type
- Residential Income
- Sub-type
- Triplex
- Year built
- 1930
- Lot size
- 0.15 acres
- Parking spaces
- 6
- Days on market
- 9
- MLS® Listing#
- 41148291
Property Features
- Heating
- See Remarks
- Flooring
- Laminate · Tile
- Construction
- Stucco
- Roof
- Shingle
- Parcel number
- 0056196050
Directions
Cross Street: Sutter St.
Listing Courtesy: BCRE - 5102220900
Presented by: Brian Baniqued
Licensed in the state of California.
Vallejo Market Statistics
How this home compares to 254 active listings in Vallejo, CA
| Vallejo median | This listing | |
|---|---|---|
| Median listing price | $544,526 | $829,999 |
| Median days on market | 47 | 9 |
| Median Sq Ft | 1,572 | — |
| Median price / Sq Ft | $335 | — |
Market statistics compiled from active EXIT Realty® and MLS listings in Vallejo, CA.
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Similar834 Georgia StVallejo, CA 94590#41138670
Listing courtesy of Capstone Real Estate Advisors
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 834 Georgia St, Vallejo, CA | $850,000 | — | — | — |
| 926 Georgia St, Vallejo, CA | $749,000 | — | — | — |
| 628 Kentucky St, Vallejo, CA | $895,000 | 8 | — | 3,248 |
| 231 Tennessee Street, Vallejo, CA | $899,000 | 7 | — | 3,460 |
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