845-849 Louisiana St 5 Unit Apartment Building $1,000,000 ($200,000/Unit) 6.49% Cap Rate Vallejo, CA 94590

Positioned on a prominent corner lot directly across from Washington Park, this well-maintained five-unit apartment building presents an outstanding investment opportunity in the Vallejo rental market. With frontage on both Louisiana Street and Napa Street, the property benefits from excellent visibility, strong curb appeal, and a desirable residential setting.
The unit mix consists of one spacious 3-bedroom, 2-bath unit and four 1-bedroom, 1-bath units, offering a balanced income stream with broad tenant appeal. Additional amenities include two one-car garages, providing added value and potential for supplemental rental income.
Ownership has completed several capital improvements, including updated electrical subpanels and newer exterior paint, helping reduce near-term maintenance costs while enhancing the property’s overall condition.
Conveniently located across from Washington Park and within close proximity to shopping, schools, transportation, and major commuter routes, this asset offers investors the opportunity to acquire a solid multifamily property with an attractive unit mix, quality improvements, and long-term upside in one of Vallejo’s established neighborhoods.