
Sausalito, CA 94965
This Residential Income Duplex is a Prime Investment Opportunity, listed at $1,950,000—positioned well below the $2,012,833 Fair Market Value by 3%. This valuation gap offers $62,833 in Instant Equity. Featuring a Condition Rating of 3, the property offers a turnkey unit with panoramic bay views and private view decks. With significant rental upside and ADU expansion potential, this asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to maximize long-term value in a premier Sausalito location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 149 Filbert Avenue Subject | $1,950,000* List Price | 0 | 0 | 2,600 | $815 | - |
A 415 Johnson Street Active | $2,250,000 List Price | 0 | 0 | 2,515 | $895 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1967, the property is well-maintained and features a recently renovated interior in the vacant unit with a modern kitchen (white shaker cabinets, stainless appliances, stone counters) and updated flooring. The description confirms turn-key living with functional central heat and water heaters, though the building's age and a long-term tenant in the second unit suggest some original elements remain.
The property offers breathtaking vistas of Richardson Bay and Mount Tamalpais, situated in a highly desirable Sausalito waterfront community near transit and dining.
With one unit delivered vacant at a projected $6,000/month rent and ADU expansion potential, this duplex offers substantial upside for investors or owner-occupants.
Each unit features a spacious split-level design with vaulted ceilings, private view decks, and rare four-car covered parking, providing a high-quality residential feel.
Unit 147 is occupied by a long-term tenant at $3,550/month, which is significantly below the projected market rate of $6,000, limiting immediate cash flow.
Built in 1967, the property may require ongoing maintenance or modern upgrades to its original systems and finishes to maintain its competitive edge.
A rare Sausalito legacy property with sweeping water views and a half-century of history waiting to become yours. For the first time in more than 50 years, 147-149 Filbert Avenue is on the market! A stunning side-by-side townhome-style duplex perched in one of Marin County's most sought-after waterfront communities. Each of the two mirror-image units offers 1,305 square feet of beautifully laid-out split-level living. The upper level is designed for everyday life and entertaining, featuring an open living and dining area, a well-appointed kitchen with pantry, and a powder room all crowned by soaring vaulted ceilings and flowing directly out to a private view deck. Step outside to panoramic vistas of Richardson Bay, Mount Tamalpais, and the glistening marinas below, and warm up by the wood-burning fireplace on cool Marin evenings. Head downstairs and you'll find two spacious bedrooms each enjoying those same stunning bay and mountain views with walk-in closets, a full bathroom, and a full-size in-unit laundry closet. Central heat and a full-size water heater in each unit complete the picture of comfortable, turn-key living. Unit 147 is home to a long-term tenant of nearly 24 years, currently paying $3,550/month a testament to the enduring desirability of these homes. Unit 149 is ready for an owner-occupant or a new tenant at a projected market rent of $6,000+/month. Both units include 2 covered carports and storage (4 total), with ADU expansion potential for buyers looking to maximize long-term value. Conveniently located just a short distance from Schoonmaker public beach, Dunphy Park, and Sausalito's world-famous waterfront dining and shops. Muni ferry and Golden Gate Transit provide an easy commute to San Francisco. Properties like 147-149 Filbert don't come around twice.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,600 | - |
| Lot Size | 5,140 | - |
| Price | $1.95M | $4.00M |
| Price per sq ft | $750 | $891 |
| Built year | 1967 | 0 |
| HOA | $0 | $0 |
| Days on market | 48 | 336 |
Jun 4, 2026
$1,950,000
Initial Listing