2123 2nd St Immeuble residentiel 5 lots 1 334 643 € (266 929 €/Lot) Taux de capitalisation 4,38 % Napa, CA 94559

W Commercial is please to present 2123 2nd Street, an opportunity to acquire a fully occupied, five-unit residential income property in central Napa. The property comprises approximately 3,096 square feet across traditional one- and two-story buildings and features five one-bedroom residences supported by six off-street parking spaces.
The property combines established occupancy with meaningful recent capital investment. Unit 3 underwent an extensive renovation and was recently leased at $1,795 per month, while Unit 5 has also received substantial interior and exterior improvements. The remaining residences have been maintained and are occupied by established tenants.
Offered at $1,550,000, the property is priced at approximately $310,000 per unit. Illustrative underwriting assumes a 10% rent increase for Units 1, 2, 4 and 5, with Unit 3 maintained at its current rent, a 5% vacancy and collection-loss factor, and property taxes reassessed at the offering price. Under these assumptions, the property generates
approximately $106,970 in annual gross rental income, $67,895 in forecast NOI, and a 4.38% forecast cap rate.
The property’s manageable five-unit scale, full occupancy, recent improvements, on-site parking, and measured income-growth potential make it well suited for private investors, local multifamily owners, and 1031 exchange buyers seeking a long-term Napa investment.
Its central Napa location provides convenient access to Downtown Napa, shopping, dining, public transportation, local services, and
regional transportation routes.