About this home

Rare Vallejo income property with water views, historic character, and immediate rental income. This unique three-unit property is anchored by a spacious circa-1910 Victorian-era residence featuring classic period charm with Queen Anne and Colonial Revival influences. The impressive two-story main residence offers 4 bedrooms and 2 bathrooms, beautiful water views, a traditional parlor, a Murphy bed, and remodeled kitchen and bathrooms that blend modern comfort with vintage character including crown molding & cofferered ceilings. The lower flat is also generously sized with 4 bedrooms and 2 bathrooms and includes valuable off-street parking, all newer modern upgrades and appliances, newer flooring throughout, full bath that is fully remodeled with gorgeous tile, walk in shower, large bedrooms with lots of windows, indoor laundry room with full size hook ups. A separate cottage-style residence offers 3 bedrooms and 2 bathrooms, creating additional flexibility for rental income, extended family or future owner use. With two of the three units currently rented, the property provides immediate income while still offering endless opportunities to live in 1 unit and rent the others and take advantage of great financing opportunities. Ideally suited for an owner-occupant, investor or multi-generational buyer seeking a distinctive property with character, space, and multiple income streams in an established Vallejo neighborhood. Each unit is individually metered for water, gas and electricity and has it's own laundry room. A rare opportunity to own multi units in which tenants pay for their own utilities. 6% cap rate and 10.96 gross rent multiplier.

Facts and features

Schools

• Lincoln Elementary School

  elementary · K-5 · 0.4 mi

• Vallejo High School

  high · 9-12 · 1.1 mi

  3

• Mustard Seed Preschool and Kindergarten

  elementary · PK-K · 0.3 mi

• Mare Island Health And Fitness Academy

  elementary · K-8 · 1.3 mi

  2

• Jesus Our Restorer Christian School

  elementary · 5-7 · 0.4 mi

• Reignierd School

  elementary · K-12 · 0.6 mi

Price history

• Nov 6, 2026 · Price Changed$895,000
• Oct 1, 2026 · Listed$925,000
• Sep 11, 2025 · Listing Removed—
• Aug 5, 2025 · Listed For Rent$1,950
• Feb 13, 2024 · Listing Removed—
• Jan 27, 2024 · Price Changed For Rent$1,950
• Jan 10, 2024 · Listed For Rent$1,998
• Jan 7, 2024 · Listing Removed—

Tax history

• 2026$7,115 tax · $174,629 assessed
• 2025$6,796 tax · $171,206 assessed
• 2023$6,102 tax · $164,560 assessed
• 2022$5,553 tax · $161,334 assessed
• 2021$4,505 tax · $158,172 assessed
• 2020$4,155 tax · $156,551 assessed
• 2019$3,941 tax · $153,482 assessed
• 2018$3,625 tax · $150,474 assessed

Where it is