121 Lincoln Road Vallejo, CA $ 1,450,000
121 Lincoln Road
$ 1,450,000
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121 Lincoln Road

Vallejo, CA, 94590
$ 1,450,000
Bedrooms-- Baths-- Sq 5,850

Monthly Estimate*

$ 9,155

Listed by Corcoran Icon Properties
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Commercial Property for sale in Vallejo, CA

for $1,450,000. This 5,850 square foot building was built in 1938 on a lot size of 0.65.

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.

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Commercial Active

Price

$ 1,450,000

Property Type

Commercial

Taxes

$ 16,231

Style

Lot Size

0.65

Year Built

1938

Town/City

Vallejo

County/Region

Solano

MLS | Web ID

ML82060020

Days on Market

2

Features
General
Cooling None
Roof Shingle
Zoning RMD
HOA Fee 0
Year Built 1938
County Solano
Insurance Expense 13982
Property Type Commercial Sale
MaintenanceExpense 5225
Special Listing Conditions Standard
Status Active
City Vallejo
High School District Vallejo City Unified
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 28314
Carport Spaces 0
Tax Annual Amount 16231
Trash Expense 0
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
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Interior
Air Conditioning Y/N true
Total Baths 0
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Exterior
Water Source Other
Total Parking 18
Lot Size Area 28314
Number of Buildings 3
Building Area Total 5850
Lot Size Acres 0.65
Lot Size Source Other
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* Excluded Features
List By
Corcoran Icon Properties

Broker

steve.b@corcoranicon.com

Email

Affordability Calculator

$10,508
Per Month
87%
13%
0%
Monthly Principal & Interest
$9,155
Monthly Property Taxes
$1,353
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/3/2026$1,450,000 Listed Price

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121 Lincoln Road, Vallejo, CA, 94590 is a Commercial Property for sale at $1,450,000 with 5,850 sqft and a lot size of 0.65. 121 Lincoln Road was built in 1938. The property's zip code is 94590 which is in Vallejo, CA