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2031 Lee Ave, Napa, CA, 94559

2031 Lee Ave
$960,000

Key Information

Cap Rate
5.45%
$ per SF
$574
Tot. SF
6,600
$ per unit
$320,000
Units
3
Year Built
1952
Type
Multifamily
NOI
$52,355

Highlights

  • Prime Napa Location – Situated in a quiet residential pocket of Napa, the property offers tenants a peaceful living environment while remaining close to essential retail, dining, and daily conveniences. Its proximity to major thoroughfares allows for easy commuting throughout the valley. For investors, the desirable location helps maintain strong occupancy and supports long-term rent stability.
  • Strong Local Rental Demand – Napa’s limited multifamily inventory and steady influx of hospitality, wine, and agricultural workers create consistent tenant demand. This helps ensure minimal vacancy and smooth turnover for each unit. Investors benefit from a reliable rental market that historically outperforms surrounding regions.
  • Diverse Unit Mix (1BR + Two 2BR Units) – A mix of one- and two-bedroom units appeals to a wide renter pool—from single professionals to small families. This versatility increases leasing flexibility and reduces downtime between tenants. Investors gain the advantage of multiple income streams and a unit configuration that is resilient across market cycles.

Photos

Location

Agents

Broker of Record

David Harrington

License # 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245