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$829,999
 $4,456 est/mo Sourced by Back At You

531 Georgia St,Vallejo, CA 94590

Vallejo, CA 94590

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Description

Excellent multi-family / residential income investment opportunity in the heart of downtown Vallejo! This 4,269 SF 3-unit mixed-use building at 531-537 Georgia St features 3 fully leased income-generating units at 100% occupancy, offering immediate, stable cash flow with upside potential. Built in 1930 and renovated in 2023, the property has been meticulously maintained with a newer roof (~5 years old), upgraded electrical capacity with PG&E (including new exterior panels), new gutters, and fresh exterior paint. Unit 537 features additional high-value upgrades including new split HVAC, new flooring, and a new electrical subpanel. Zoned DMX (Downtown Mixed Use), the property offers high-density residential and commercial flexibility on a 6,500 SF lot complete with off-street rear parking plus ample street parking. Prime location just half a block from Old Town Vallejo, moments from the Farmers Market, Empress Theatre, and Georgia Street corridor. Current Cap Rate 6.72%, Pro Forma 6.88%. Buyer to verify all measurements, income, expenses, and zoning uses

Details

MLS #41148291
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1930
Days On Site27
Listing Provided ByBCRE | Brian Baniqued

Features

Units3
Acreage0.15

Interior

HeatingSee Remarks
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofShingle
Construction MaterialsStucco

Area Information

StateCA
CountySolano
CityVallejo
Zip Code94590
Community NameOLD TOWN
Listing VS Median (in OLD TOWN)
Price:
$829,999
low | high
Med:
$0
On site:
27
low | high
Med:
Sourced by Back At You

Market Activity 94590

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Contact

Learn More About This Property

James Nagorski

James Nagorski

Coldwell Banker Commercial

02248064 (805) 538-3393james.nagorski@cbcinland.com
StateCA
CountySolano
CityVallejo
Zip Code94590
Community NameOLD TOWN
Listing VS Median (in OLD TOWN)
Price:
$829,999
low | high
Med:
$0
On site:
27
low | high
Med:
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $622K - $1.37M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
531 Georgia Str Property Photo 1
$829,999
531 Georgia Str
Vallejo, CA 94590
630 York Property Photo 1
$720,000
630 York
Vallejo, CA 94590
Listing Updated: October 12, 2026 at 11:48:08 AM PDT

James Nagorski - Coldwell Banker Commercial Real Estate Solutions