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$1,450,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 121 Lincoln Rd
General
- Price: $1,450,000
- Status: Active
- Type: Commercial Residential Facility
- Source: RE_Infolink
- MLS ID: ML82060020
- Updated: 9/3/2026
- Added to Site: 2 day(s) ago
Additional Information
- Security/Safety: None
Parking
- Parking Features: No Garage
Location
- Area: Vallejo 3
- County: Solano
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Sewer Connected
- Water: Other
- Utility Description: Public Utilities
- Metering: Master Electric, Master Water
Structural Information
- Foundation: Concrete Slab
- Roof: Shingle
- Disability Access: None
- Square Feet: 5,850
- Year Built: 1938
Lot Features
- Lot Size (Acres): 0.65
- Minimum Lot Size: 28314
- Building Sites: 3
- Zoning: RMD
Disclosures and Reports
- Restrictions: Other
Listed by Corcoran Icon Properties, Steve Belluomini
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Schools
Schools serving 121 Lincoln Rd
School District:Vallejo City Unified School District
| Name | Grades | Distance |
|---|---|---|
Grace Patterson Elementary School 1080 Porter Street, Vallejo, CA 94590 | K-5 | 0.2 mi |
Franklin Middle School 501 Starr Avenue, Vallejo, CA 94590 | 6-8 | 1.1 mi |
Vallejo High School 840 Nebraska Street, Vallejo, CA 94590 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 121 Lincoln Rd
Date
Details
Price
Change
Source
9/03/2026
Listed
$1,450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 121 Lincoln Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$32,705
—
$1,601,357
2%
2025
$32,705
-1%
$1,569,958
4%
2023
$32,887
22%
$1,508,996
2%
2022
$26,968
3%
$1,479,408
2%
2021
$26,160
86%
$1,450,400
251%
2020
$14,036
6%
$413,181
2%
2019
$13,232
9%
$405,080
2%
2018
$12,106
8%
$397,138
2%
2017
$11,188
134%
$389,352
2%
2016
$4,773
1%
$381,718
2%
2015
$4,715
1%
$375,985
2%
2014
$4,655
-1%
$368,621
—
2013
$4,691
—
$366,955
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 121 Lincoln Rd
121 Lincoln Rd, Vallejo, CA 94590 (MLS# ML82060020) is a Commercial Residential Facility property. 121 Lincoln Rd is currently listed for $1,450,000 and was received on September 03, 2026. Want to learn more about 121 Lincoln Rd? Do you have questions about finding other Commercial Residential Facility real estate for sale in Vallejo? You can browse all Vallejo real estate or contact a Coldwell Banker agent to request more information.

