New Construction Townhouse
For Sale
$5,390,000
709 C St #1, San Rafael, CA 94901
Newly built complex of four townhouses with attached garages, chef’s kitchens, hardwood floors, and outdoor living space.
Property Size6,602 SF
Days on Market96
Property Features for 709 C St #1
General Information
Standard status
Active
Size
6,602 SF
Property subtype
Investment
Building Details
Building Size
6,602 SF
Year Built
2026
Units
4
Listed By:
Margaret Ruiz
(415) 250-2289
Source:
Elliman
Added: Jul 21
Changed: Oct 8
Last Checked: Oct 23 at 9:46AM
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 Margaret Ruiz
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Investment Insights
Based on property information with market context.
709 C St #1 is a light-filled, newly constructed complex of four townhouses designed for easy California living. Each unit includes a chef’s kitchen with custom cabinetry, wide plank hardwood floors, and indoor/outdoor flow with terraces, decks, and patios, plus a rooftop deck with views of Mt Tam. Attached garages are included with the homes.
The property is set on a tree-lined street in a downtown location between Gerstle Park and downtown San Rafael. Walkability and bikeability are supported by a WalkScore of 93 and a BikeScore of 83, with a TransitScore of 56 indicating good transit access.
For sale as a cohesive four-unit townhouse offering, the building presents a modern, residential income configuration with multiple levels of usable outdoor space across the residences.
The property is set on a tree-lined street in a downtown location between Gerstle Park and downtown San Rafael. Walkability and bikeability are supported by a WalkScore of 93 and a BikeScore of 83, with a TransitScore of 56 indicating good transit access.
For sale as a cohesive four-unit townhouse offering, the building presents a modern, residential income configuration with multiple levels of usable outdoor space across the residences.
Key Highlights
- New construction complex built in 2026 with 4 townhouses
- Each townhouse features attached garages
- Chef’s kitchens with custom cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$221,597
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,431,940
$4.4M
Cap Rate 7%
$3,165,671
$3.2M
Cap Rate 9%
$2,462,189
$2.5M
Market Conditions
NOI Build-Up for 6,602 SF
Gross rent
$336.7K $51.00/SF
− Vacancy
−$20.1K −$3.05/SF
EGI
$316.6K $47.95/SF
− OpEx
−$95.0K −$14.39/SF
NOI
$221.6K $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%
$4,431,940
Cap Rate 7%
$3,165,671
Cap Rate 9%
$2,462,189
Alternative Uses
Best Use
Multifamily LT 5
$3.17M
$2.77M – $3.69M
NOI $221,597 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$1.37M
$1.20M – $1.59M
NOI $95,637 @ 7.0% cap · market cap 1.77%
Theoretical Best
Specialty Retail
$32.25M
$28.22M – $37.62M
NOI $2,257,364 @ 7.0% cap · market cap 41.88%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Location Intelligence
Trade Area within ½ mile
3,639
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Newly built complex of four townhouses with attached garages, chef’s kitchens, hardwood floors, and outdoor living space.
Where is this quadplex located?
The property is located at 709 C St #1 San Rafael, CA.
What is the asking price?
The asking price for this property is $5,390,000.
What are key features of this property?
This property features: New construction complex built in 2026 with 4 townhouses; Each townhouse features attached garages; Chef’s kitchens with custom cabinetry
