531 Georgia St ST, Vallejo, CA 94590 (MLS # 41148291)

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PRICE $829,999 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 6,500 sqft
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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

DAYS ON MARKET 4 LAST UPDATED 9/15/2026
TRACT OLD TOWN YEAR BUILT 1930
COUNTY Solano STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR CONDITIONING Yes
CONSTRUCTION Stucco
HEAT See Remarks
LOT 6499 sq ft
LOT DIMENSIONS 6500
SUBDIVISION OLD TOWN
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