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940 York St 3 Unit Apartment Building $998,000 ($332,667/Unit) 7.36% Cap Rate Vallejo, CA 94590

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EXECUTIVE SUMMARY

Excellent Investment Opportunity in Vallejo! This 3,473 sq. ft. American Foursquare Post-Victorian triplex delivers a strong 7%+ cap rate with reliable cash-on-cash returns. Fully renovated in 2020, the building was stripped to the studs and updated with a new roof, plumbing, electrical, and heating minimizing maintenance while maximizing rental appeal. Each unit features a modern kitchen, upgraded bathroom, and access to an on-site laundry room, ensuring steady occupancy and tenant satisfaction. The property blends historic character with income stability, offering sweeping valley and mountain views in a quiet, safe neighborhood. With two on-site spaces and abundant street parking, tenants enjoy convenience without the need for a garage. Heating includes both gas and radiant systems for year-round efficiency. Strategically located within the Vallejo City Unified School District and close to shopping, public transportation, and freeway access, the triplex is just one hour from San Francisco by car or ferry highly attractive to renters seeking Bay Area affordability. With modern upgrades already in place, this turnkey property generates immediate income with minimal overhead. Ideal for investors seeking a strong-performing asset with historic charm and proven returns.

PROPERTY FACTS

Price $998,000
Price Per Unit $332,667
Sale Type Investment
Cap Rate 7.36%
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.09 AC
Building Size 3,473 SF
Average Occupancy 50%
No. Stories 2
Year Built 1915
Parking Ratio 0.58/1,000 SF

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 1 - 1,018
3+2 1 - 1,018
Walk Score®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0056-212-120
Land Assessment
$82,021
Improvements Assessment
$344,496
Total Assessment
$426,517
  • Listing ID: 37936795

  • Date on Market: 10/3/2025

  • Last Updated:

  • Address: 940 York St, Vallejo, CA 94590

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