531 Georgia St, Vallejo, CA 94590
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
531 Georgia St,Vallejo, CA 94590
$829,999
- - Beds
- - Baths
- 4,269 sq. ft.
- Multi-family
- Active
Listed by: brian baniqued
Office: bcre510-222-0900
MLS#:41148291
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$829,999
- Price per sq. ft.:$194.42
About this home
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...
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Home facts
- Year built:1930
- Subdivision & Development:OLD TOWN
- Listing ID #:41148291
- Added:46 day(s) ago
- Updated:October 31, 2026 at 07:51 PM
Rooms and interior
- Flooring:Laminate, Tile
- Living area:4,269 sq. ft.
Heating and cooling
- Cooling:Heat Pump
Structure and exterior
- Year built:1930
- Building area:4,269 sq. ft.
- Lot area:0.15 Acres
- Architectural Style:Triplex
- Construction Materials:Stucco
Finances and disclosures
- Price:$829,999
- Price per sq. ft.:$194.42
Parking
- Parking description:See Remarks
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