12-Unit Apartment
For Sale
$2,845,000
670-674 Lincoln Avenue, Napa, CA 94558
MULTI_FAMILY - Napa, CA
Property Size9,414 SF
Lot Size0.20 Acres
Price / SF$302.21
Days on Market30
Property Features for 670-674 Lincoln Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
16
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 8, Bedroom 14, Bedroom 12, Bathroom 4, Bedroom 1, Bedroom 6, Bedroom 15, Bedroom 16, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 7, Bedroom 3, Bedroom 13, Bedroom 11, Bathroom 3, Bedroom 9, Bedroom 10, Bathroom 2
Parking
17
Parking features
Carport
Appliances
Dishwasher, Disposal, Free-Standing Electric Oven, Free-Standing Refrigerator, Gas Water Heater
Directions
Silverado Trail to Lincoln, apartment complex on the North side of Lincoln.
Subdivision
Napa
Standard status
Active
APN
044190040000
Size
9,414 SF
Lot size
0.20 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1966
Floors in Building
2
Number of units
12
Flooring type
Carpet, Linoleum
Building materials
Stucco, Wood Siding
Roof type
Composition
Listing Agency:
Coldwell Banker Brokers of the Valley · Coldwell Banker Real Estate
(707) 258-5200
Listed By:
Bill Keller Jr
(707) 337-6693
Added: Jul 16
Changed: Aug 14
Last Checked: Aug 14 at 9:06AM
MLS# 326060933
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This apartment property contains 12 residential units distributed between two matching, two-story buildings. The improvements encompass 9,414 square feet on a 0.1958-acre parcel and date to 1966. Construction includes stucco and wood siding, with linoleum and carpet flooring, wall-furnace heating, composition roofing, and carport parking. Unit appliances include dishwashers, disposals, free-standing electric ovens, free-standing refrigerators, and gas water heaters.
The property is located at 670-674 Lincoln Avenue in Napa, along the Lincoln corridor between Silverado Trail and Soscol Ave. Public water and public sewer serve the site. The surrounding area includes public transit, parks, shopping, grocery stores, restaurants, and access to the Napa River trail system, all described as being within walking distance.
The property is located at 670-674 Lincoln Avenue in Napa, along the Lincoln corridor between Silverado Trail and Soscol Ave. Public water and public sewer serve the site. The surrounding area includes public transit, parks, shopping, grocery stores, restaurants, and access to the Napa River trail system, all described as being within walking distance.
Key Highlights
- 12‑unit apartment property at 670‑674 Lincoln Avenue, Napa, CA 94558
- 9,414 square feet across two two‑story buildings
- 0.1958‑acre parcel with carport parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$150,199
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,003,980
$3.0M
Cap Rate 7%
$2,145,700
$2.1M
Cap Rate 9%
$1,668,878
$1.7M
Market Conditions
NOI Build-Up for 9,414 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$288.1K $30.60/SF
− Vacancy
−$15.0K −$1.59/SF
EGI
$273.1K $29.01/SF
− OpEx
−$122.9K −$13.05/SF
NOI
$150.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,003,980
Cap Rate 7%
$2,145,700
Cap Rate 9%
$1,668,878
Alternative Uses
Best Use
Apartment 5plus
$2.15M
$1.88M – $2.50M
NOI $150,199 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$19.00M
$16.62M – $22.16M
NOI $1,329,791 @ 7.0% cap · market cap 46.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,438
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story buildings provide 12 residential units along Lincoln Avenue in Napa.
Where is this apartment building located?
The property is located at 670-674 Lincoln Avenue Napa, CA.
What is the asking price?
The asking price for this property is $2,845,000.
What are key features of this property?
This property features: 12‑unit apartment property at 670‑674 Lincoln Avenue, Napa, CA 94558; 9,414 square feet across two two‑story buildings; 0.1958‑acre parcel with carport parking
