Four-Unit Townhouse
For Sale
$5,390,000
709 C Street, San Rafael, CA 94901
New construction pairs attached garages with private outdoor spaces in a downtown San Rafael setting.
Property Size6,602 SF
Price / SF$816.42
Days on Market106
Property Features for 709 C Street
General Information
Standard status
Active
Size
6,602 SF
Property subtype
Multi-Family (2-4 Units)
Additional Details
Multifamily Units
4
Building Details
Building Size
6,602 SF
Year Built
2026
Listing Agency:
Golden Gate Sotheby's International Realty
Listed By:
Glass Group · License #01489472
(415) 845-2965
Source:
Colmglass
Added: Jul 15
Changed: Oct 26
Last Checked: Oct 26 at 3:59PM
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 Golden Gate Sotheby's International Realty
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Investment Insights
Based on property information with market context.
Built in 2026, this four-unit residential property comprises townhouses with attached garages. Interior details include custom cabinetry, chef’s kitchens and wide-plank hardwood flooring. Terraces, decks, patios and rooftop decks extend the living areas outdoors; rooftop decks offer views of Mount Tam.
The property is on a tree-lined street between Gerstle Park and downtown San Rafael, near dining, coffee shops, wellness businesses, live music, parks and trails. Transit options are available, and the location offers a commute to San Francisco.
The property is on a tree-lined street between Gerstle Park and downtown San Rafael, near dining, coffee shops, wellness businesses, live music, parks and trails. Transit options are available, and the location offers a commute to San Francisco.
Key Highlights
- Four townhouse units in a 6,602‑square‑foot property
- Built in 2026
- Attached garages
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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Lease Details
4
Residential units
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - New construction pairs attached garages with private outdoor spaces in a downtown San Rafael setting.
Where is this quadplex located?
The property is located at 709 C Street 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: Four townhouse units in a 6,602‑square‑foot property; Built in 2026; Attached garages
