For Sale
$3,095,000

1849 Main StNapa, CA 94559

Four renovated cottages, prime Napa location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents four meticulously renovated cottages nestled in downtown Napa, California. Situated on a 0.272-acre lot between Main and Brown Streets, this property boasts 3,500 square feet of living space across four individual units. Each cottage has undergone a complete renovation (2023-2024), featuring updated kitchens with stainless steel appliances and spa-like bathrooms. The charming blend of modern amenities and historic character is further enhanced by private outdoor living areas, complete with pergola-covered patios and ample storage. Currently unoccupied, these units offer immediate potential for rental income, projecting a Net Operating Income (NOI) of $156,000 and a 5.04% capitalization rate. The property is zoned R5 and features a Class A designation. Built in phases (1935 and 2024), this property offers a unique combination of historical charm and modern updates. The asking price is $3,095,000. Its prime downtown location provides easy access to Napa's renowned dining, shopping, and entertainment options. Owner financing is available. This is an ideal investment for those seeking a high-return property in a desirable location. The property's four separate units also present an attractive option for multi-generational living.

Highlights

  • $3,095,000 asking price for a Class A multifamily property.
  • Four renovated cottages totaling 3,500 square feet on a 0.272-acre lot in downtown Napa, CA.
  • 5.04% cap rate with a $156,000 NOI.
  • Four units, each with updated kitchens and bathrooms, and private outdoor space.
  • Built in 1935 and extensively renovated in 2023-2024.

Property Details for 1849 Main St

Property type
Residential income homes, Apartment buildings
Square Feet
3,500 SF
Class
A
Year Renovated
2023
Buildings
4
Stories
1
Lot Size (sq. ft)
11,848 SF
Units
4

Location Insight

City
Napa
County
Napa
State
California
Latitude
38.3051813
Longitude
-122.2910372
1849 Main St, Napa, California

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1849 Main St
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