505 Franklin Street, Napa, CA 94559

Positioned in the vibrant core of Downtown Napa, this exceptional 18-unit multifamily offering presents a rare opportunity to acquire a well-located asset with meaningful upside potential. The property is comprised of three separate parcels and features a highly desirable unit mix of 8-1x1, 1-2x2, and 5-2x1 flats, and 4-2x1.5 townhome-style residences, appealing to a broad tenant base in one of Northern California's most sought-after rental markets. The asset has benefited from a series of recent capital improvements, providing a strong foundation for future ownership. Upgrades include new roofs on both the main structures and carports (2025), updated electrical subpanels, freshly repaved and restriped parking areas, and new exterior paint, all of which significantly reduce near-term capital expenditure requirements. Tenants enjoy attractive amenities including a central courtyard setting, on-site laundry facilities, dedicated tenant storage (12 units), and a combination of covered...