1048 7th Street Novato, CA 94945
MULTI_FAMILY - Contemporary - Novato, CA
Property Features for 1048 7th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bedroom 5, Bedroom 7, Bathroom 8, Bedroom 8, Bathroom 2, Bathroom 7, Bathroom 5, Bathroom 6, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 4, Bedroom 4, Bedroom 2
- Parking
- 8
- Parking features
- Covered, Carport
- Standard status
- Active Under Contract
- APN
- 14125131
- Size
- 4,004 SF
- Lot size
- 0.17 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Water source
- Public
Building Details
- Year built
- 1979
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Wood
- Roof type
- Composition
- Architectural style
- Contemporary
Listing agent Pamela Burke License #02156257 (415) 424-9835
Listing office Golden Gate Sotheby's International Realty 500 Drakes Landing Road, Mill Valley, CA (415) 464-9300
Listing date Jul 8, 2026
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The quadplex is located on the far west side of the downtown Novato area, positioned near downtown but not immediately within it. The property shares an easement driveway with the building next door, which is also available for sale.
For operators and buyers seeking a small residential income asset, the mix of townhouse layouts, in-unit laundry, and enclosed private yard space may appeal to tenants looking for more functional everyday space than a typical apartment. The configuration also supports straightforward day-to-day management, with each unit receiving defined parking and private outdoor space, all within a maintained, wood-frame two-story building.
Key Highlights
- Four townhouse apartments (2BR/1.5 BA each) on a level lot near downtown Novato
- Each unit includes an individual laundry room and a private fenced backyard area
- Ample off‑street parking: each apartment has two spaces (1 carport, 1 open)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $204.2k | $51.00 |
| − Vacancy | −$12.2k | −$3.05 |
| EGI | $192.0k | $47.95 |
| − OpEx | −$57.6k | −$14.39 |
| NOI | $134.4k | $33.57 |
