Three-Unit Victorian Multifamily
For Sale
$1,300,000
747 3rd Street Unit #A + B, Napa, CA 94559
Two buildings offer separate entrances, shared laundry, and courtyard space across the units.
Property Size2,874 SF
Price / SF$452.33
Days on Market553
Property Features for 747 3rd Street Unit #A + B
General Information
Standard status
Active
Size
2,874 SF
Property subtype
2 Houses on Lot
Zoning
RT 5
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Cap Rate
4.82%
Unit Mix
2 BD/1 BA, 3 BD/1 BA, 1 BD/1 BA
Amenities
common laundry facilities
common courtyard areas
Building Details
Building Size
2,874 SF
Year Built
1887
Buildings
2
Construction
Victorian
Listing Agency:
Vanguard Properties
Listed By:
Nick C Muccitelli · License #02137193
(818) 620-6954
Source:
Frontlinenetworkrealestate
Added: Apr 23, 2025
Changed: Oct 27
Last Checked: Oct 26 at 3:23PM
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 Vanguard Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Dating to 1887, this multifamily property comprises two structures and three units totaling 2,874 square feet. Units A and B are in one building: the lower-level residence has two bedrooms, one bathroom, and a kitchen, while the upper-level residence includes three bedrooms, one bathroom, a kitchen, and a private balcony. A separate one-bedroom, one-bathroom unit has a kitchenette. All residences have private entrances, with shared laundry and two common courtyards. Heating and electrical service are separate by unit; water is shared. The roof was replaced five years ago.
The property is in Napa’s Soscol Gateway Neighborhood, next to the Napa Valley Expo and fairgrounds. Downtown Napa is five minutes away, with restaurants, tasting rooms, shopping, and riverfront amenities. The site is zoned RT 5 and permitted as MLT FAM <10. On-street parking serves the units.
The property is in Napa’s Soscol Gateway Neighborhood, next to the Napa Valley Expo and fairgrounds. Downtown Napa is five minutes away, with restaurants, tasting rooms, shopping, and riverfront amenities. The site is zoned RT 5 and permitted as MLT FAM <10. On-street parking serves the units.
Key Highlights
- Two buildings with 3 units totaling 2,874 square feet
- 1887 construction; roof replaced 5 years ago
- Unit mix: 2‑bedroom and 3‑bedroom residences, plus a 1‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,854
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,080
$917.1K
Cap Rate 7%
$655,057
$655.1K
Cap Rate 9%
$509,489
$509.5K
Market Conditions
NOI Build-Up for 2,874 SF
Gross rent
$87.9K $30.60/SF
− Vacancy
−$4.6K −$1.59/SF
EGI
$83.4K $29.01/SF
− OpEx
−$37.5K −$13.05/SF
NOI
$45.9K $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%
$917,080
Cap Rate 7%
$655,057
Cap Rate 9%
$509,489
Alternative Uses
Best Use
Apartment 5plus
$655.1K
$573.2K – $764.2K
NOI $45,854 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.80M
$5.07M – $6.77M
NOI $405,972 @ 7.0% cap · market cap 31.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,293
Businesses Nearby
Explore this area
Business Placement
Demographics for 94559, CA
28,137
Population
11,599
Households
2.4
Avg Household Size
40
Median Age
37%
College-Educated
84%
High-School Grad
41.4 sq mi
ZIP Area
680
Density / Sq Mi
$100,559
Median Household Income
$52,247
Median Earnings
$2,044
Median Rent
$877,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two buildings offer separate entrances, shared laundry, and courtyard space across the units.
Where is this multifamily property located?
The property is located at 747 3rd Street Unit #A + B Napa, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two buildings with 3 units totaling 2,874 square feet; 1887 construction; roof replaced 5 years ago; Unit mix: 2‑bedroom and 3‑bedroom residences, plus a 1‑bedroom unit
