Napa, CA 94559,1516 3rd ST 8
Listed by Michael Holcomb • W Real Estate • W Real Estate
Bought with Michael Holcomb • W Real Estate
W Real Estate

$1,800,000

Est. payment /mo

$1,975,000

8.9%
Est.Price: ?

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1516 3rd ST 8 Napa, CA 94559

1,200 Beds

2 Baths

7,588 Sqft Lot

SOLD DATE : 12/31/2025

Key Details

Sold Price $1,800,000

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 325046282

Sold Date 12/31/25

Bedrooms 1200

HOA Y/N No

Year Built 1885

Lot Size 7,588 Sqft

Property Sub-Type 5 or More Units

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.

Location

State CA

County Napa

Area Napa

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features None, See Remarks

Utilities Available Sewer Connected

Building

Water Public

Others

Special Listing Condition None

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Christopher Oscar

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