1701 Lake St 9 Unit Apartment Building $1,795,000 ($199,444/Unit) 5.52% Cap Rate Calistoga, CA 94515

Situated in bucolic Calistoga in northern Napa County, this well-located 9-unit apartment complex presents an attractive opportunity to acquire a stable multifamily asset in one of the region’s most desirable rental markets. The property features a strong unit mix of two (2) two-bedroom, one-bath units, six (6) one-bedroom, one-bath units, and one (1) studio, offering broad appeal to a range of renter profiles.
The four single-story buildings are positioned on a level 0.37-acre corner lot, providing a desirable physical layout and convenient access throughout the property. Capital improvements include new roofs and gutters on all buildings completed in 2020–2021, two newer water heaters, and mostly dual-pane windows. Most units have also received varying levels of remodeling within the past ten years, providing a solid foundation for continued ownership with select opportunities for further improvement.
Located close to downtown Calistoga, schools, shopping, and transportation, the property benefits from a highly desirable residential location with convenient access to the community’s amenities and employment centers. With its attractive unit mix, recent capital improvements, manageable scale, and location in a supply-constrained Napa Valley community, this offering represents a compelling opportunity for investors seeking a well-positioned multifamily asset in Calistoga.