#325042689, Florence Ropelewski, Listing office: L'AGENCE Napa Valley
Property details
About 1516 3rd St Unit 8
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.
Highlights
Home typeMulti Family
HeatingWall Furnace
StatusActive
Lot size0.1742 Acres
Year built1885
ParkingNone, See Remarks
MLS #325046282
Summary
- Parking: None, See Remarks
- Heating: Wall Furnace
- Cooling: None
- List Price: $1,975,000
- HOA Amount: $0
- Lot: Other
- Directions: On 3rd St between School and Church St.
- Year Built: 1885
- Lot Size: 0.1742 Acres
- MLS Number: 325046282
- MLS Name: BAREIS MLS
- Office Name: W Real Estate
- Office Email: randy@wrealestate.net
- Listing Agent: Michael Holcomb, Will Lance Will Lance
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Last updated on: 7/22/2025, 2:45:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
3
Shearer Elementary School
Public District KG-5
0.4 mi
•1590 Elm St
5
Alta Heights Elementary School
Public District KG-5
0.9 mi
•15 Montecito Blvd
5
Napa Valley Language Academy
Public District KG-5
1.0 mi
•2700 Kilburn Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $18,478. Most Napa, CA residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
64%
<35k
22%
35k-100k
10%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
71%
Single, No Kids
7%
Single, with Kids
13%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
7%
<11 yrs old
4%
12-17 yrs old
23%
18-34 yrs old
44%
35-64 yrs old
22%
65+ yrs old
What do the neighbors do for fun?
Continuing Education Courses
PGA/LPGA
Yoga/pilates
Where do the neighbors shop?
Express/Express For Men
Chico's
H&M
Where do the neighbors go to eat?
Qdoba
Cracker Barrel
Dominos Pizza
What do the neighbors drive?
Volkswagen
Buick
Audi
What do the neighbors listen to?
Urban Contemporary
Soft Adult Contemporary- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1516 3rd St Unit 8
The listing price of 1516 3rd St Unit 8 property is $1,975,000.
The property 1516 3rd St Unit 8 is a multi located in Napa, California, 94559.
Active Listing: 1516 3rd St Unit 8 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1516 3rd St Unit 8 are: Shearer Elementary School (GreatSchools Rating 3/10), Alta Heights Elementary School (GreatSchools Rating 5/10), Napa Valley Language Academy (GreatSchools Rating 5/10), Silverado Middle School (GreatSchools Rating 3/10), Redwood Middle School (GreatSchools Rating 4/10), River Middle School (GreatSchools Rating 4/10), New Technology High School (GreatSchools Rating 6/10), Napa High School (GreatSchools Rating 5/10), Napa Valley Independent Studies (GreatSchools Rating 4/10).
The sq. ft. of 1516 3rd St Unit 8 is not available (source: MLS/tax record).
The year of construction for 1516 3rd St Unit 8 is 1885.
This home is located at 1516 3rd St Unit 8 in Napa, CA and zip code 94559 in the Downtown Napa neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 21, 2025 and is currently priced at $1,975,000.
Napa, CA housing market in June 2025 saw over 12 listings sold above listed price, more than 6 sold at listed price and over 29 sold below. The inventory of homes for sale in Napa, CA between May and June 2025 increased by 5.7%.
From Rocket Homes Real Estate and based on county public records data.