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1516 3rd Street #8, 
Napa, CA 94559

$1,975,000


3

Beds


2

Baths


-

Sq Ft


Multi-Family

Active

Listed by

Michael Holcomb

William Lance

W Real Estate

Last updated:

June 13, 2025, 02:31 PM

MLS#

325046282

Source:

CABAREIS

About This Home

1516 3rd Street #8

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.

Home Facts

Multi-Family

2 Baths

3 Bedrooms

Built in 1885

Price Summary

1,975,000

MLS #:

325046282

Last Updated:

June 13, 2025, 02:31 PM


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2


Structure

Structure

Year Built:

1885


Lot

Lot Size (Sq. Ft):

7,588


Finances & Disclosures

Finances

Price:

$1,975,000

Source:CABAREIS
The information being provided by Bay Area Real Estate Information Services, Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bay Area Real Estate Information Services, Inc.. W Real Estate is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of W Real Estate, a broker participant of Bay Area Real Estate Information Services, Inc.. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Bay Area Real Estate Information Services, Inc. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2025 Bay Area Real Estate Information Services, Inc.. All rights reserved.

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