Waterfront Duplex with Private Docks

22A Mooring Road San Rafael, CA 94901

Claim this Listing
For Sale
$1,995,000

Duplex includes two 3-bedroom, 3-bath townhomes with private boat docks and water-facing views.

Type:Multi Family
Property size:
4,720 SF
Price / SF:
$422/SF
Added:
Apr 21, 2026
Days on Market:
82
Last Refresh:
Jul 11 at 1:59 am

Property Features for 22A Mooring Road

General Information

Standard status
Active
Size
4,720 SF
Property subtype
Multi Family

Building Details

Year Built
1974

Listing office Wesely & Associates

Listing date Apr 21, 2026

Source Exitrealty

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 Wesely & Associates


Investment Insights

Based on property information with market context.

This waterfront duplex offers two townhouses, each with 3 bedrooms and 3 bathrooms, providing generous space across both residences. The second residence (Unit 22) features an updated interior with luxury vinyl plank flooring, and the available photos and floor plan are shown for Unit 22A. The property includes private boat docks for direct waterfront access.

Located in San Rafael at 22 Mooring Road, the homes are described as being close to Highway 101, with convenient nearby shopping at Montecito Plaza and downtown San Rafael.

The listing is presented as 1031 exchange ready and consists of two homes within a single duplex offering.

Key Highlights

  • Duplex built in 1974 with two waterfront townhomes, each with private boat docks
  • Each unit offers 3 bedrooms and 3 bathrooms for spacious living and hosting
  • Water‑facing views and a waterfront setting along a peaceful stretch of water in San Rafael

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 $240.7k $51.00
− Vacancy −$14.4k −$3.05
EGI $226.3k $47.95
− OpEx −$67.9k −$14.39
NOI $158.4k $33.57
4,720 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$2.26M
$1.98M – $2.64M (±1% cap)
NOI $158,427 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$976.8K
$854.7K – $1.14M (±1% cap)
NOI $68,374 @ 7.0% cap · market cap 3.43%
Theoretical Best
Specialty Retail
$23.06M
$20.17M – $26.90M (±1% cap)
NOI $1,613,868 @ 7.0% cap · market cap 80.90%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

(Bike/Boat/Book/etc) Store Florist Butcher (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Clothing & Fashion Store Tanning Salon Buffet Fish Market (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex includes two 3-bedroom, 3-bath townhomes with private boat docks and water-facing views.
Where is this duplex located?
The property is located at 22A Mooring Road San Rafael, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Duplex built in 1974 with two waterfront townhomes, each with private boat docks; Each unit offers 3 bedrooms and 3 bathrooms for spacious living and hosting; Water‑facing views and a waterfront setting along a peaceful stretch of water in San Rafael
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