
10 Beds
5 Baths
$1,800,000
1516 3rd Street Unit: #8, Napa CA, 94559
Price per sqftN/A
Built in1885
Property typeMulti-family
Overview
Sold
Closed
Listed May 21, 2025
Updated Aug 10
Discover a unique investment opportunity with The Lovejoy Mansion, a Stick Eastlake Victorian built between 1885-1887 and later converted into an 8-unit multi-family property in the mid-20th century. This building combines classic architectural character with updated systems, offering both historic charm and practical functionality in the heart of Napa Valley. Modern Systems: Comprehensive 1985 renovation included all-new plumbing, ABS drain lines, full rewiring for electric, phone, and cable, and new gas service all separately metered for each unit. Independent Utilities: Each unit boasts its own gas-fired wall furnace and gas water heater, ensuring individual tenant control and efficient management. Fully Leased: Solid tenant base, including some long-term residents, offering immediate cash flow. Outdoor Space: Shared rear patio area perfect for tenant relaxation. Prime Location: Just a short stroll to vibrant Downtown Napa fine dining, tasting rooms, shops, and entertainment all within reach. Whether you're seeking a stable income-producing asset or looking to add a landmark property to your portfolio, The Lovejoy Mansion represents a rare opportunity to own a slice of Napa's heritage in an unbeatable location.
Additional information
- MLS® ID
- 325046282
Interior Features
- Bedrooms
- 10
- Bathrooms
- 5
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.17 Acres
Bought with Michael Holcomb with W Real Estate and Listed by Michael Holcomb with W Real Estate
Listing Contact:
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Avi Strugo shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2026 Bay Area Real Estate Information Services, Inc. all rights reserved.
.