24-Unit Townhouse Apartment
For Sale
$5,250,000
Pending
135 Freeway Dr, Napa, CA 94558
Napa multifamily property with private outdoor spaces, on-site laundry, parking, and a covered community pool.
Property Size22,848 SF
Days on Market130
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Property Features for 135 Freeway Dr
General Information
Standard status
Pending
Size
22,848 SF
Property subtype
Residential Income
Units
Unit Mix
24 x 2BR/1.5BA
Multifamily Units
24
Additional Details
Highway Access
Yes
Amenities
well-manicured landscaping
ample on-site parking
on-site laundry facility
covered community swimming pool
private patios/backyards
Listing Agency:
Colliers International
(415) 788-3100
Listed By:
Matthew Killian Flaherty
(415) 288-7811
Source:
Exprealty
Added: Jun 8
Changed: Sep 25
Last Checked: Oct 15 at 2:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers International
Investment Insights
Based on property information with market context.
This 24-unit apartment community in Napa comprises an all-two-bedroom, 1.5-bathroom townhouse-style unit mix. The property contains 22,848 square feet and provides each residence with a private patio or backyard. Common-area features include landscaped grounds, on-site parking, a laundry facility, and a covered swimming pool.
The property offers access to the CA-29 corridor and is positioned near Napa Valley employment hubs, academic centers, and retail destinations. Its townhouse configuration and private outdoor areas provide a residential setting within a multifamily community.
The property offers access to the CA-29 corridor and is positioned near Napa Valley employment hubs, academic centers, and retail destinations. Its townhouse configuration and private outdoor areas provide a residential setting within a multifamily community.
Key Highlights
- 24‑unit apartment community with 22,848 square feet
- All units are 2‑bedroom, 1.5‑bathroom townhouse‑style residences
- Private patios or backyards accompany every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$364,536
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,290,720
$7.3M
Cap Rate 7%
$5,207,657
$5.2M
Cap Rate 9%
$4,050,400
$4.1M
Market Conditions
NOI Build-Up for 22,848 SF
Gross rent
$699.1K $30.60/SF
− Vacancy
−$36.4K −$1.59/SF
EGI
$662.8K $29.01/SF
− OpEx
−$298.3K −$13.05/SF
NOI
$364.5K $15.95/SF
Area
Napa County, CA
Vacancy
5.20%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,290,720
Cap Rate 7%
$5,207,657
Cap Rate 9%
$4,050,400
Alternative Uses
Best Use
Apartment 5plus
$5.21M
$4.56M – $6.08M
NOI $364,536 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$46.11M
$40.34M – $53.79M
NOI $3,227,433 @ 7.0% cap · market cap 61.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
24
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
Explore this area
Business Placement
Demographics for 94558, CA
65,473
Population
27,402
Households
2.4
Avg Household Size
44
Median Age
38%
College-Educated
85%
High-School Grad
399.9 sq mi
ZIP Area
164
Density / Sq Mi
$109,444
Median Household Income
$51,955
Median Earnings
$2,248
Median Rent
$855,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Napa multifamily property with private outdoor spaces, on-site laundry, parking, and a covered community pool.
Where is this apartment building located?
The property is located at 135 Freeway Dr Napa, CA.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: 24‑unit apartment community with 22,848 square feet; All units are 2‑bedroom, 1.5‑bathroom townhouse‑style residences; Private patios or backyards accompany every unit
