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84 Merrydale Road, San Rafael, CA 94903

San Rafael
Local realty services provided by:CENTURY 21 Kobetz Realty
84 Merrydale Road,San Rafael, CA 94903
$1,299,000
  • 4 Beds
  • 3 Baths
  • 1,918 sq. ft.
  • Multi-family
  • Active
Listed by: david o'brien, deirdre o'brien
Office: compass
MLS#:326070549
Source:CABAREIS

Price summary

  • Price:$1,299,000
  • Price per sq. ft.:$677.27

About this home

Exceptional Income-Producing Triplex with Significant Multifamily Development Potential Rare opportunity to acquire an income-producing asset with substantial upside on a 14,000+ square-foot lot offering outstanding multifamily development potential and convenient freeway access. This property presents an exceptional combination of immediate cash flow and long-term value creation. The current owner has completed several important pre-development milestones, including a architects feasibilty study, soils report, boundary survey, and professionally designed architectural site plans featuring two alternative structural concepts for an eight-unit residential development, allowing a future owner to accelerate the development process. The existing property consists of three residential units: Detached two-bedroom, one-bath home, with a basement. Two attached one-bedroom, one-bath units, one of which includes a valuable additional room. Current gross rental income is $6,772.50...

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Home facts

  • Year built:1925
  • Listing ID #:326070549
  • Updated:October 29, 2026 at 03:22 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Carpet, Tile, Wood
  • Living area:1,918 sq. ft.

Heating and cooling

  • Heating:Central, Wall Furnace

Structure and exterior

  • Roof:Composition
  • Year built:1925
  • Building area:1,918 sq. ft.
  • Lot area:0.34 Acres
  • Lot Features:Corner
  • Architectural Style:Ranch
  • Foundation Description:Concrete Perimeter, Slab

Schools

  • Elementary school:San Rafael City Schools

Utilities

  • Water:Water District
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,299,000
  • Price per sq. ft.:$677.27

Features and amenities

  • Laundry features:Laundry Closet

Parking

  • Total parking spaces:7
  • Parking description:Covered
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