Five-Unit Duplex
For Sale
$1,695,000
250 Red Hill Avenue, San Anselmo, CA 94960
San Anselmo, CA
Property Size2,755 SF
Price / SF$615.25
Days on Market92
Property Features for 250 Red Hill Avenue
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 3
Standard status
Active
Size
2,755 SF
Building Details
Year built
1924
Listing Agency:
Engel & Volkers San Francisco Union Street · Engel & Völkers
(415) 689-8592
Listed By:
Nicolo Giacomini
Added: Jul 15
Changed: Oct 13
Last Checked: Oct 14 at 8:06PM
MLS# 326036400
Copyright © 2026 Engel & Völkers. 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.
This residential income property contains five units across two separate buildings totaling approximately 2,755 square feet. The front building is a duplex with two 2BR/1BA units. A remodeled triplex occupies the rear of the parcel and includes two studio units plus one 2BR/1BA unit. The property was built in 1924.
Parking includes four garage spaces, divided evenly between the two buildings, along with three additional off-street spaces. Located at 250 Red Hill Avenue in San Anselmo, the property combines a five-unit configuration with distinct front and rear structures.
Parking includes four garage spaces, divided evenly between the two buildings, along with three additional off-street spaces. Located at 250 Red Hill Avenue in San Anselmo, the property combines a five-unit configuration with distinct front and rear structures.
Key Highlights
- Five units across two separate buildings
- Approximately 2,755 square feet of total building area
- Unit mix includes two studios and three 2BR/1BA units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,472
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,849,440
$1.8M
Cap Rate 7%
$1,321,029
$1.3M
Cap Rate 9%
$1,027,467
$1.0M
Market Conditions
NOI Build-Up for 2,755 SF
Gross rent
$140.5K $51.00/SF
− Vacancy
−$8.4K −$3.05/SF
EGI
$132.1K $47.95/SF
− OpEx
−$39.6K −$14.39/SF
NOI
$92.5K $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 Rate 5%
$1,849,440
Cap Rate 7%
$1,321,029
Cap Rate 9%
$1,027,467
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.16M – $1.54M
NOI $92,472 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$570.1K
$498.9K – $665.2K
NOI $39,909 @ 7.0% cap · market cap 2.35%
Theoretical Best
Specialty Retail
$13.46M
$11.77M – $15.70M
NOI $941,993 @ 7.0% cap · market cap 55.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,424
Businesses Nearby
Explore this area
Business Placement
Demographics for 94960, CA
15,920
Population
6,641
Households
2.4
Avg Household Size
47
Median Age
73%
College-Educated
98%
High-School Grad
5.9 sq mi
ZIP Area
2,698
Density / Sq Mi
$172,332
Median Household Income
$84,644
Median Earnings
$2,838
Median Rent
$1,589,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-building residential income property with garage and off-street parking.
Where is this duplex located?
The property is located at 250 Red Hill Avenue San Anselmo, CA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Five units across two separate buildings; Approximately 2,755 square feet of total building area; Unit mix includes two studios and three 2BR/1BA units
