About this home

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

Facts and features

Schools

• Lincoln Elementary School

  elementary · K-5 · 0.2 mi

• Vallejo High School

  high · 9-12 · 1.0 mi

  3

• Jesus Our Restorer Christian School

  elementary · 5-7 · 0.2 mi

• Mare Island Health And Fitness Academy

  elementary · K-8 · 1.1 mi

  2

• St Vincent Ferrer School

  elementary · K-8 · 0.4 mi

• Mustard Seed Preschool and Kindergarten

  elementary · PK-K · 0.5 mi

Price history

• Sep 15, 2026 · Listed$829,999

Tax history

• 2026$10,193 tax · $689,784 assessed
• 2025$10,167 tax · $689,784 assessed
• 2024$2,839 tax · $676,260 assessed
• 2023$4,108 tax · $65,876 assessed
• 2022$3,801 tax · $64,585 assessed
• 2021$3,810 tax · $63,320 assessed
• 2020$3,549 tax · $62,671 assessed
• 2019$3,487 tax · $61,443 assessed

Home value

$810,308

• Quantarium$810,308

Where it is