Prime Multifamily Investment: Sonoma Village Lane High quality, newer built multifamily investment property in the heart of Sonoma. Located at 840 W. Napa St. just mile from the Sonoma Plaza. Built in 2019, this carefully constructed and designed property features 11 units on 1.03 acres. (7) 2bd/2ba units at 920sqft., (4) 2bd/2ba units at 1200 sqft. The mix of single-level units and two-story units, offers versatility and appeal to a variety of tenants. Each unit includes its own fenced in rear yard and patio as well as covered parking. This property has been impeccably maintained, and is equipped with modern appliances, well-kept grounds and landscaping. Dual entrances on W. Napa and Spain Street enhance accessibility and convenience, ensuring an attractive living environment. Ideal for savvy investors, 840 W. Napa presents an excellent 1031 exchange opportunity, combining strong rental income potential with the prospect of long-term appreciation. Whether you're expanding your portfolio or seeking a strategic investment, this property promises both immediate returns and future growth.
Property Details
Property Features
Property Information:
Year Built: 2019
Living Area: 11,532 SqFt
Listing Office:
Office Name: W Real Estate
Office Phone: (707) 591-0570, 31566
Listing Agent: Randy Waller, Tina DeMartini Tina DeMartini
Exterior Features
Parking Information:
Parking: Attached
Lot Features
Lot Information:
Lot: Sprinklers, Curbs, Sidewalk
Lot Size: 1.03 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: Hwy 12 to W. Napa. You can also access it off of Spain St.
Price Information
Listing Price Info
Price Summary:
List Price: $5,500,000
Price Per SqFt: $477/SqFt
Tax Information:
Annual Amount: $53,416
Tax Year: 2021
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Housing Market Comparison
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Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$53,416
$3,792,527
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Prestwood Elementary School
343 E MacArthur St
Distance between this listing and this school0.71 miles
Public District Grades KG-5
4
/10
Sassarini Elementary School
652 5th St W
Distance between this listing and this school1.36 miles
Public District Grades KG-5
3
/10
El Verano Elementary School
18606 Riverside Dr
Distance between this listing and this school2.55 miles
Public District Grades KG-5
Nearby Schools
4
/10
Adele Harrison Middle School
1150 Broadway
Distance between this listing and this school1.15 miles
Public District Grades 6-8
5
/10
Woodland Star Charter
17811 Arnold Dr
Distance between this listing and this school3.25 miles
Public Charter Grades KG-8
5
/10
Sonoma Charter
17202 Sonoma Hwy
Distance between this listing and this school3.28 miles
Public Charter Grades KG-8
Nearby Schools
6
/10
Sonoma Valley High School
20000 Broadway
Distance between this listing and this school1.02 miles
Public District Grades 9-12
2
/10
Creekside High School
950 Broadway
Distance between this listing and this school1.02 miles
Public District Grades 9-12
2
/10
Valley Oak High School
1600 Myrtle Ave
Distance between this listing and this school7.82 miles
The neighbors living near this home have an average income of $131,250. The majority of Sonoma, CA residents have income $200k+ annually. Residents typically live in married, no kids family. Most residents in this area have post secondary degree education.
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This home is located at 840 W Napa St in Sonoma, CA and zip code 95476. This 11,532 square foot home, which was built in 2019, sits on a 1.03 acre lot. It has been listed on Rocket Homes since August 16, 2024 and is currently priced at $5,500,000.
In November 2024, from all listings sold in Sonoma, CA there were more than 7 sold above asking price, over 13 sold below and more than 2 were sold right at the asked price. The inventory of homes for sale in Sonoma, CA between October 2024 and November 2024 decreased by 9.2%. While the average time on the market in November 2024 was 67 days, the median list price was $910,000.
From Rocket Homes Real Estate and based on county public records data.
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