Duplex with Detached
New
For Sale
$1,049,000
38 Bret Avenue, San Rafael, CA 94901
MULTI_FAMILY - San Rafael, CA
Property Size2,244 SF
Lot Size0.15 Acres
Price / SF$467.47
Days on Market5
Property Features for 38 Bret Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Parking
2
Parking features
On Street, Covered
Directions
Follow US-101 S to Francisco Blvd W in San Rafael. Take exit 451A for Francisco Blvd toward Andersen Drive from US-101 S. Take Andersen Dr to left on Du Bois. Right on Bret Ave.
Subdivision
San Rafael
Standard status
Active
APN
01315117
Size
2,244 SF
Lot size
0.15 Acres
Utilities
Sewer type
Private Sewer
Heating system
Central, Wall Furnace
Building Details
Year built
1948
Floors in Building
1
Number of units
2
Listing Agency:
Golden Gate Sotheby's International Realty
(415) 456-1200
Listed By:
Alexandra Bondanza
(415) 446-8292
Added: Jul 29
Changed: Aug 2
Last Checked: Aug 2 at 6:06PM
MLS# 326064828
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.
Duplex on a single lot featuring a main residence plus a detached ADU. The main home offers three bedrooms and two full bathrooms with comfortable living spaces. The detached ADU includes its own kitchen and bathroom, supporting flexible use as a guest suite, extended-family space, rental, or a private work-from-home setup. Heating is provided by wall furnace and central systems. The property includes covered parking and on-street parking, and it is served by a private sewer.
Built in 1948, the property sits on a 0.1492-acre lot with 2,244 square feet of total property size.
This layout is designed for buyers who want two distinct living areas on one lot with separate kitchen and bath facilities.
Built in 1948, the property sits on a 0.1492-acre lot with 2,244 square feet of total property size.
This layout is designed for buyers who want two distinct living areas on one lot with separate kitchen and bath facilities.
Key Highlights
- Duplex on 0.1492‑acre lot with 2,244 SF total
- Main residence: 3 bedrooms and 2 full bathrooms
- Detached ADU with its own kitchen and bathroom
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 | $114.4k | $51.00 |
| − Vacancy | −$6.8k | −$3.05 |
| EGI | $107.6k | $47.95 |
| − OpEx | −$32.3k | −$14.39 |
| NOI | $75.3k | $33.57 |
2,244 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$941.5K – $1.26M
NOI $75,320 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$464.4K
$406.3K – $541.8K
NOI $32,507 @ 7.0% cap · market cap 3.10%
Theoretical Best
Specialty Retail
$10.96M
$9.59M – $12.79M
NOI $767,271 @ 7.0% cap · market cap 73.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,351
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?
Duplex - Duplex on a single lot with a detached ADU, including separate kitchen and bathroom and covered plus on-street parking.
Where is this duplex located?
The property is located at 38 Bret Avenue San Rafael, CA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Duplex on 0.1492‑acre lot with 2,244 SF total; Main residence: 3 bedrooms and 2 full bathrooms; Detached ADU with its own kitchen and bathroom
