1516 3rd Street Unit 8
Napa, CA 94559
- – beds
- – baths
- – sqft
- 7,588 sqft lot
- 1885 build
- – on site
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.
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Last updated May 21, 2025
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MLS# 325046282 —
The Building
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Year Built:1885
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Year Built Source:Owner
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Unit:8
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# of Units Total:8
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SqFt:0 Sqft
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# of Buildings:1
Location
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Directions:On 3rd St between School and Church St.
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Cross Street:School St
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Area:Napa
The Property
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Property Type:Residential Income
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Property Type:5 or More Units
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Lot Features:Other
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7588Lot SqFt:
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Lot Size Measurement:Acres
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0.1742Acres:
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Assessors Parcel Number:003-202-008-000
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Wall Furnace
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Cooling:None
Utilities
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Water Source:Public
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Sewer:Sewer Connected
Appliances
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Laundry Features:Other
The Community
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Association:No
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Cap Rate:5.40
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Association:Napa
Parking
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Parking Features:None, See Remarks
Extra Units
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# of Studio Units:3
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# of 1 Bedroom Units:3
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# of 2 Bedroom Units:2
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Unit 1 Description:*
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Unit 1 Bedrooms:1
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Unit 1 # of Rooms:3
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Unit 1 Full Baths:1
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Unit 2 Full Baths:1
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Unit 2 Description:*
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Unit 2 Bedrooms:2
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Unit 2 # of Rooms:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/21/25
May 21, 2025
|
Listed / Active | BAREIS | $1,975,000 |
