Two Homes on One Lot in Old City Vallejo
Prime Dual-Residence Portfolio
Marketing description
315 Evans Avenue presents a rare and versatile investment opportunity in the heart of Old City Vallejo. This unique income-producing property features two separate homes on a single lot, providing a high-yield potential for seasoned investors or a strategic "house-hacking" opportunity for owner-occupants. With a mix of unit sizes and separate utility metering, the property offers immediate cash flow with long-term appreciation potential in a growing commuter hub. Potential for positive cash flow from day one.
Investment highlights
Rare investment opportunity in the heart of Old City Vallejo! Great opportunity to own an income-producing property at 315 Evans Avenue, Vallejo. This property features two separate homes on one lot, offering flexible living and investment potential with potential for positive cash flow from day one.
The front home is approximately 1,000 sq ft with 3 bedrooms and 1 bathroom. The rear structure includes multiple living areas with a 3-bedroom, 2-bath layout on the first floor, a 3-bedroom, 1-bath layout on the second-floor front, and a studio at the rear. Separate gas and electric meters and one shared water meter. A long driveway provides parking for multiple vehicles. Conveniently located near transportation, shopping, and commuter routes. Ideal for investors seeking multi-unit income or owner-occupants looking to live in one unit while renting the others to offset expenses—potentially allowing the property to pay for itself from day one.
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