Multifamily
2190 Parrish Rd
2190 Parrish Rd, Napa, CA 94559
Listing Price: $1,575,000
Investment Overview
Marcus & Millichap is pleased to offer the exclusive sale of 2190 Parrish Road in Napa County, one of Northern California’s most desirable locations. The property is easily accessible off Imola Avenue and is just minutes from Highway 29. It’s located only 30-45 minutes from the charming towns of St. Helena and Calistoga and about 45 minutes from San Francisco. Sonoma County Airport is also 45 minutes away, with Oakland, Sacramento, and San Francisco International Airports about 90 minutes from the property. This prime location makes Napa the perfect destination for relaxation, world-class wines, and exceptional dining. The property is also just minutes from popular attractions like the South Napa Market Place, Napa Premium Outlets, Bel Aire Plaza, and downtown Napa.
The property consists of two buildings. Building one offers four (4) 2-bedroom, 1-bathroom townhome-style units, while building two has two (2) 1-bedroom, 1-bathroom units. Each unit includes a spacious private back patio and offers on-site parking.
Napa County remains a top market with a vacancy rate consistently below 3% over the last five years. Given the ongoing housing shortage and low transaction volume, Napa’s apartment real estate continues to be a highly attractive investment opportunity.
2190 Parrish Rd
Investment Highlights
- Diverse Property Layout – Two Buildings Offering Four 2-Bedroom/1-Bathroom Townhome Style Units and Two 1-Bedroom/1-Bathroom Units With Spacious Private Back Patios
- Prime Napa County Location – Easy Access To Highway 29, Downtown Napa, South Napa Market Place, Napa Premium Outlets, and Much More
- Strong Rental Demand - Napa County Proves To Be A Tight Rental Market Showing Sub 3% Historical Vacancy Factors Over The Past Five Years
- Low Maintenance Property With Strong Upside Potential - Underwritten With Realistic Expense Load & Poised For Growth Through Loss-To-Lease Recapture
- Stable Tenant Base And Low Turnover - Stable Tenant Base With Only One Unit Turnover Since 2017, Ensuring Consistent Rental Income And Low Investment Risk
Exclusively Listed By
Listing Price: $1,575,000
Investment Highlights
- Diverse Property Layout – Two Buildings Offering Four 2-Bedroom/1-Bathroom Townhome Style Units and Two 1-Bedroom/1-Bathroom Units With Spacious Private Back Patios
- Prime Napa County Location – Easy Access To Highway 29, Downtown Napa, South Napa Market Place, Napa Premium Outlets, and Much More
- Strong Rental Demand - Napa County Proves To Be A Tight Rental Market Showing Sub 3% Historical Vacancy Factors Over The Past Five Years
- Low Maintenance Property With Strong Upside Potential - Underwritten With Realistic Expense Load & Poised For Growth Through Loss-To-Lease Recapture
- Stable Tenant Base And Low Turnover - Stable Tenant Base With Only One Unit Turnover Since 2017, Ensuring Consistent Rental Income And Low Investment Risk
Investment Overview
Marcus & Millichap is pleased to offer the exclusive sale of 2190 Parrish Road in Napa County, one of Northern California’s most desirable locations. The property is easily accessible off Imola Avenue and is just minutes from Highway 29. It’s located only 30-45 minutes from the charming towns of St. Helena and Calistoga and about 45 minutes from San Francisco. Sonoma County Airport is also 45 minutes away, with Oakland, Sacramento, and San Francisco International Airports about 90 minutes from the property. This prime location makes Napa the perfect destination for relaxation, world-class wines, and exceptional dining. The property is also just minutes from popular attractions like the South Napa Market Place, Napa Premium Outlets, Bel Aire Plaza, and downtown Napa. The property consists of two buildings. Building one offers four (4) 2-bedroom, 1-bathroom townhome-style units, while building two has two (2) 1-bedroom, 1-bathroom units. Each unit includes a spacious private back patio and offers on-site parking. Napa County remains a top market with a vacancy rate consistently below 3% over the last five years. Given the ongoing housing shortage and low transaction volume, Napa’s apartment real estate continues to be a highly attractive investment opportunity.
Exclusively Listed By
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