$1,800,000
SOLD DEC 31, 2025

1516 3rd St Unit 8 Napa, CA 94559

Downtown Napa Neighborhood
3 Beds
3 Baths
-- Sq Ft
7,588 Sq Ft Lot

Recently Sold

9% Below List Price

216 Days on Market

About This Home

As of December 2025

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.

Last Agent to Sell the Property

Michael Holcomb

W Real Estate License #01458995 Listed on: 05/21/2025

W Real Estate

Co-Listed By

Will Lance

W Real Estate License #01931900

Last Buyer's Agent

Michael Holcomb

W Real Estate License #01458995 Listed on: 05/21/2025

W Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1885

Utilities

  • No Cooling
  • Wall Furnace

Additional Features

  • 3 Bedrooms
  • 7,588 Sq Ft Lot

Community Details

  • 8 Units
  • Gross Income $105,822

Listing and Financial Details

  • Assessor Parcel Number 003-202-008-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Directions To Property: On 3rd St between School and Church St.
  • Lot Size Acres: 0.1742
  • CapRate: 5.40
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • NumberOfBuildings: 1

Exterior Features

  • Lot Features: Other

Garage/Parking

  • Parking Features: None, See Remarks

Utilities

  • Cooling: None
  • Utilities: Sewer Connected
  • Water Source: Public
  • Heating: Wall Furnace
  • Laundry Features: Other

Association/Amenities

  • Unit: 8

Lot Info

  • Assessor Parcel Number: 003-202-008-000
  • Lot Size Sq Ft: 7588.00

Building Info

  • Year Built: 1885

Multi Family

  • 1 Bedroom Rent Range: $1,500 - $1,595
  • Two Bedroom Rent Range: $1,565 - $1,695
  • Number Of1 Bedrooms Occupied: 3
  • Number of 1 Bedroom Units: 3
  • Number Of2 Bedrooms Occupied: 2
  • Number of Studio Units: 3
  • NumberOfUnitsTotal: 8
  • Number Studios Occupied: 3

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2025 12/31/25 Sold $1,800,000 -8.9% --
07/28/2025 07/28/25 For Sale $1,975,000 +9.7% --
07/28/2025 07/28/25 Off Market $1,800,000 -- --
05/21/2025 05/21/25 For Sale $1,975,000 -- --
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Holcomb

    Seller's Agent in 2025

    Michael Holcomb

    W Real Estate

    (707) 332-2654

    6 in this area

    20 Total Sales

    Michael Holcomb
    Section Image
  • Will Lance

    Seller Co-Listing Agent in 2025

    Will Lance

    W Real Estate

    (707) 367-4066

    1 in this area

    32 Total Sales

    Will Lance
    Section Image
See All Agents

Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 325046282

Bay Area Real Estate Information Services (BAREIS)
California Napa County Napa 94559 Downtown Napa

1516 3rd St Unit 8, Napa, CA

Sold

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bay Area Real Estate Information Services (BAREIS) Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.

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