Victorian Triplex with
For Sale
$1,895,000
14 Sentinel Ct, San Rafael, CA 94901
Historic multifamily property combines three upgraded residences with a detached one-bedroom cottage and flexible owner-use space.
Property Size4,200 SF
Lot Size0.34 Acres
Price / SF$451.19
Days on Market74
Property Features for 14 Sentinel Ct
General Information
Standard status
Active
Size
4,200 SF
Lot size
0.34 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR, 1 x 1BR, 1 x studio, 1 x 1BR
Multifamily Units
4
Amenities
in-unit laundry
sun deck
garden
patio
fountain
storage room
Building Details
Buildings
2
Construction
Victorian
Listing Agency:
Holmes Burrell Real Estate
6860589
Listed By:
Jason O. Holmes · License #01355552
6860589
Source:
Exprealty
Added: Jun 18
Changed: Aug 30
Last Checked: Aug 8 at 4:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Holmes Burrell Real Estate
Investment Insights
Based on property information with market context.
This historic multifamily property pairs a Victorian triplex with a custom one-bedroom cottage built in 2021. The approximately 4,200 sq ft offering includes a 2,020 square foot, three-bedroom, two-story owner's residence with 12 ft ceilings, bay windows, refinished hardwood floors, a renovated kitchen, upgraded bath, in-unit laundry, sun deck, and garden. A lower-level one-bedroom residence adds an upgraded kitchen and bath, walk-in closet, storage, dedicated laundry, and fenced patio, while a separate studio includes a full bath and kitchen with gas stove.
The cottage features fir floors, a full kitchen with gas stove, high ceilings, skylights, and in-unit laundry, along with an attached owner storage room. The buildings occupy a 15,000 sq ft lot at 14 Sentinel Ct in San Rafael, positioned between downtown San Rafael and downtown San Anselmo. Walk Score is 84, Bike Score is 56, and Transit Score is 34.
The cottage features fir floors, a full kitchen with gas stove, high ceilings, skylights, and in-unit laundry, along with an attached owner storage room. The buildings occupy a 15,000 sq ft lot at 14 Sentinel Ct in San Rafael, positioned between downtown San Rafael and downtown San Anselmo. Walk Score is 84, Bike Score is 56, and Transit Score is 34.
Key Highlights
- Victorian triplex plus a one‑bedroom cottage built in 2021
- Approximately 4,200 sq ft property on a 15,000 sq ft lot
- 2,020 square foot three‑bedroom, two‑story owner's residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$140,974
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,819,480
$2.8M
Cap Rate 7%
$2,013,914
$2.0M
Cap Rate 9%
$1,566,378
$1.6M
Market Conditions
NOI Build-Up for 4,200 SF
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.
Gross rent
$214.2K $51.00/SF
− Vacancy
−$12.8K −$3.05/SF
EGI
$201.4K $47.95/SF
− OpEx
−$60.4K −$14.39/SF
NOI
$141.0K $33.57/SF
Area
Marin County, CA
Vacancy
5.98%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,819,480
Cap Rate 7%
$2,013,914
Cap Rate 9%
$1,566,378
Alternative Uses
Best Use
Multifamily LT 5
$2.01M
$1.76M – $2.35M
NOI $140,974 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$869.2K
$760.5K – $1.01M
NOI $60,842 @ 7.0% cap · market cap 3.21%
Theoretical Best
Specialty Retail
$20.52M
$17.95M – $23.93M
NOI $1,436,069 @ 7.0% cap · market cap 75.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
Explore this area
Business Placement
Demographics for 94901, CA
43,338
Population
16,412
Households
2.6
Avg Household Size
40
Median Age
48%
College-Educated
82%
High-School Grad
13.1 sq mi
ZIP Area
3,308
Density / Sq Mi
$108,837
Median Household Income
$50,122
Median Earnings
$2,229
Median Rent
$1,369,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Historic multifamily property combines three upgraded residences with a detached one-bedroom cottage and flexible owner-use space.
Where is this triplex located?
The property is located at 14 Sentinel Ct San Rafael, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Victorian triplex plus a one‑bedroom cottage built in 2021; Approximately 4,200 sq ft property on a 15,000 sq ft lot; 2,020 square foot three‑bedroom, two‑story owner's residence
