1849 Main St Napa, CA 94559
- Residential income homes
- 3,500 SF
- 0.27 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 1849 Main St
- Lot size
- 0.27 lot acres
- Property size
- 3,500 SF
- Property type
- Residential income homes
- APN
- 003-062-007-000
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Napa
- County
- Napa
- State
- California
- Longitude
- -122.2910372
- Latitude
- 38.3051813
