Home | Solano County | Vallejo | 94590 | 121 Lincoln Rd
MLS: ML82060020 | Status: | Price: $1,450,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | 5,850 | 0.65 | 1938 |
121 Lincoln Rd W presents the opportunity to acquire an 11-unit multifamily investment property situated on an oversized 25000 +-square-foot parcel in Vallejo. The property is currently zoned for Residential Medium Density, while ownership has operated the property as an apartment building for approximately the past six years. Sellers are motivated . The property offers investors an attractive combination of strong existing cash flow and meaningful value-add potential. Current rents are approximately 25% below prevailing market levels, creating a clear path to increase revenue over time through continued rent adjustments and unit renovations. Eight of the eleven units have already received substantial interior improvements, reducing the amount of immediate renovation work required by a new owner. In addition, all tenants are currently on month-to-month leases, providing increased flexibility for future lease management and implementation of the property's remaining rental upside.
| Field | Value |
|---|---|
| MLS # | ML82060020 |
| MLS Source | MLSListings, Inc. |
| Days on Site | 0 |
| Feature | Details |
|---|---|
| Cooling | None |
| Heating | Other |
| Feature | Details |
|---|---|
| Roof | Shingle |
| Foundation | Slab |
| Feature | Details |
|---|---|
| Garage/Parking | No Garage, Garage: 0 Car(s) |
| Elementary District | Vallejo City Unified |
| High School District | Vallejo City Unified |
| Water | Other |
| Zoning | RMD |
Steve Belluomini
Corcoran Icon Properties
License #: 01095848
Phone: (916) 769-5299
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 8 | 11 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 1518 Sonoma Blvd | $1,475,000 | – | – | 7,456 | |
| 709 Pope Dr | $1,250,000 | – | – | 4,265 | Active |
| 1135 5th Ave | $1,475,000 | – | – | 3,549 | Active |
| 1109 Wanda St | $1,290,000 | – | – | 6,300 | Active |
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This listing information is up-to-date as of September 03, 2026. For the most current information, please contact Steve Belluomini, (916) 769-5299.