1052 7th Street, Novato, CA 94945, Novato, 94945 - 0 bed, 0 bath
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Novato, CA 94945
This Quadruplex Residential Income Asset presents a High-Potential Investment Opportunity, listed at $1,650,000. While slightly above the $1,635,000 Fair Market Value, the property offers long-term stability in a prime Novato location. Featuring a Fair Condition Rating, the townhouse-style units include individual laundry rooms and private fenced backyards, driving strong tenant demand. With two dedicated parking spaces per unit, this property is a stable, income-generating acquisition. It is an ideal choice for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a well-located multi-family asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1052 7th Street Subject | $1,650,000* List Price | 0 | 0 | 4,004 | $408 | - |
A 1048 7th Street Active | $1,600,000 List Price | 0 | 0 | 4,004 | $400 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, the property is over 20 years old and falls into the 'Fair' category. While the exterior appears well-maintained and the description states it has been 'well cared for,' 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 townhouse-style layout with individual laundry rooms and private fenced backyards for each unit significantly enhances tenant appeal and rental value.
Situated on the desirable far west side of downtown Novato, the property offers a quiet residential atmosphere while maintaining close proximity to urban amenities.
Each unit includes two dedicated parking spaces—one carport and one open—which is a premium asset for multi-family residential income properties.
The shared easement driveway with the neighboring building may lead to potential complications regarding maintenance responsibilities and access rights.
Built in 1978, the property may require upcoming capital improvements for major systems such as the composition roof or plumbing to maintain its well-cared-for status.
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 | 1978 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 27, 2026
$1,650,000
Initial Listing