615 Pope Drive

Vallejo CA 94591

4317 sq. ft.

10250 sq. ft.

Duplex

Currently for sale - view listing

Overview

Excellent investment opportunity on Vallejo's desirable east side! This well-maintained four-plex offers strong income potential with three long-term tenants already in place and the main unit will be ready for an owner-occupant looking to move in right away while generating immediate rental income from the remaining units. The property may qualify for owner-occupied financing, making it an attractive option for both investors and buyers seeking to offset their mortgage with rental income. It is also well suited for an investor completing a 1031 exchange. The building features desirable multi-family floor plans, including a spacious 3-bedroom, 2-bath front unit with a fireplace; two 2-bedroom, 1-bath units, one upstairs and one downstairs; and one 1-bedroom, 1-bath upstairs unit. Each residence offers comfortable living space with a dedicated dining area and central heat, and three of the four units include a private patio or deck. Units are separately metered for gas and electricity, helping support efficient property management. Tenants will appreciate the attached downstairs laundry room, as well as one covered off-street parking space per unit under the lighted carport. The upper walkway and stairs serving Units C and D were replaced in June with City of Vallejo permits, adding further value and peace of mind. Conveniently located near shopping, schools, freeway access, and public transportation, this property also offers easy access to favorite Vallejo amenities, including the year-round farmers market, waterfront festivals, and the San Francisco Ferry. A versatile four-plex with immediate income, owner-occupancy potential, and long-term investment appeal.