2123 2nd Street, Napa, CA 94559
Local realty services provided by:CENTURY 21 Kobetz Realty
2123 2nd Street,Napa, CA 94559
$1,550,000
- 4 Beds
- 4 Baths
- 3,056 sq. ft.
- Multi-family
- Active
Listed by: michael holcomb
Office: w real estate
MLS#:326071465
Source:CABAREIS
Price summary
- Price:$1,550,000
- Price per sq. ft.:$507.2
About this home
W Commercial is pleased to present 2123 2nd Street, an opportunity to acquire a fully occupied, five-unit residential income property in central Napa. The property comprises approximately 3,096 square feet across traditional one- and two-story buildings and features five one-bedroom residences supported by six off-street parking spaces. The property combines established occupancy with meaningful recent capital investment. Unit 3 underwent an extensive renovation and was recently leased at $1,795 per month, while Unit 5 has also received substantial interior and exterior improvements. The remaining residences have been maintained and are occupied by established tenants. Offered at $1,550,000, the property is priced at approximately $310,000 per unit. Illustrative underwriting assumes a 10 percet rent increase for Units 1, 2, 4 and 5, with Unit 3 maintained at its current rent, a 5 percet vacancy and collection-loss factor, and property taxes reassessed at the offering price. Under these assumptions, the property generates approximately $106,970 in annual gross rental income, $67,895 in forecast NOI, and a 4.38 forecast cap rate. The property's manageable five-unit scale, full occupancy, recent improvements, on-site parking, and measured income-growth potential make it well suited for private investors, local multifamily owners, and 1031 exchange buyers seeking a long-term Napa investment. Its central Napa location provides convenient access to Downtown Napa, shopping, dining, public transportation, local services, and regional transportation routes....
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Home facts
- Year built:1898
- Listing ID #:326071465
- Updated:October 28, 2026 at 03:05 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Living area:3,056 sq. ft.
Heating and cooling
- Cooling:Wall Unit(s)
- Heating:Varies by Unit
Structure and exterior
- Year built:1898
- Building area:3,056 sq. ft.
- Lot area:0.23 Acres
- Lot Features:Landscape Back, Sidewalk
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,550,000
- Price per sq. ft.:$507.2
Features and amenities
- Laundry features:In Common Area
Parking
- Total parking spaces:6
- Parking description:Off Street, Street
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