1048 7th Street, Novato, CA 94945, Novato, 94945 - 0 bed, 0 bath
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Novato, CA 94945
This Residential Income Quadruplex presents a High-Potential Investment Opportunity with a List Price of $1,600,000—positioned well below the $1,615,000 Fair Market Value by 0.93%. This valuation gap offers $15,000 in Instant Equity. Featuring four 2BR/1.5BA townhouse units with individual laundry rooms and private fenced backyards, the property maintains a Condition Rating of 4. This asset is ideal for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a stable, high-demand rental asset in downtown Novato.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1048 7th Street Subject | $1,600,000* List Price | 0 | 0 | 4,004 | $403 | - |
A 1052 7th Street Active | $1,650,000 List Price | 0 | 0 | 4,004 | $412 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, the property is approximately 47 years old. While the description states it has been 'well cared for' and the exterior appears clean in photos, the age suggests that kitchens, bathrooms, and major systems are likely dated and will require minor repairs or modernization to meet current market standards.
The four 2-bedroom, 1.5-bathroom townhouse-style units are highly desirable for long-term tenants, offering more privacy and functional living space than traditional single-level apartment layouts.
Each unit features individual laundry rooms and private fenced backyards, which are significant value-add features that increase rental appeal and support higher lease rates.
Situated in the sought-after far west side of downtown Novato, the property offers a quiet residential setting while maintaining excellent proximity to local shops, dining, and transit.
The property shares a driveway easement with the adjacent building, which may complicate future maintenance agreements and limit exclusive control over site access.
Built in 1979, the property may soon require capital expenditures for major systems such as the composition roof or original plumbing to maintain its competitive market position.
Four 2BR/1.5 BA Townhouse apartments on a level lot near downtown Novato, but just far enough away. Located in the desirable far west side of the downtown area. All apartments feature individual laundry rooms and a private fenced in back yard area. Ample off-street parking with each apartment having two spaces - one carport and one open. The property was built in 1979 and has been well cared for since. Wood frame two story construction on a concrete perimeter foundation with a composition roof. There is a shared easement driveway with the building next door, which is also available for sale.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1979 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 27, 2026
$1,600,000
Initial Listing