226 W Spain Street, Sonoma, CA 95476, Sonoma, 95476 - 3 bed, 2 bath
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226 W Spain Street
Sonoma, CA 95476
ACTIVE
CONDITION: GOOD
3Beds
2Baths
3,812Sq Ft
11,250Lot Size
Property Price
LIST PRICE$1,850,000
EST. MARKET VALUE
$1,913,116
3% BelowMARKET VALUE
SUMMARY
This 3-Unit Residential Property is a Strong Value Opportunity, listed at $1,850,000—positioned well below the $1,913,116 Fair Market Value by 3%. This valuation gap offers $63,116 in Instant Equity. With a Good Condition Rating, the property features a modern 1985 main home and a charming 1918 duplex with unobstructed northern hill views. This versatile asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income in a prime downtown location.
Estimated Market Value
$1,913,116+$63,116 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Sonoma.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 226 W Spain Street Subject | $1,850,000* List Price | 3 | 2 | 3,812 | $502 | - |
A 19450 Franquelin Place Sold | $1,365,000 | 3 | 2 | 2,337 | $584 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property consists of a 1985 main house and a 1918 duplex. The main home features a high-end, modern kitchen renovation with stone countertops, premium black appliances, and updated laundry facilities that appear to be within a 5-15 year renovation window. While the duplex retains some vintage elements like the pink-tiled bathroom, the units are well-maintained, functional, and move-in ready. The combination of modern luxury updates in the primary residence and the preserved charm of the duplex justifies a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated just 1.5 blocks from Sonoma Plaza, the property offers unparalleled walkability to premier dining, shopping, and cultural attractions in the heart of Sonoma.
- Versatile Income Potential
The unique three-unit configuration provides a flexible opportunity for an owner-occupant to live in the modern main home while generating significant rental income from the updated duplex.
- Scenic Bordering Open Space
Directly bordering Sonoma State Historic Park, the property features a large landscaped garden with rare, unobstructed views of the northern hills, ensuring long-term privacy and appeal.
CONSRISKS & DEFICIENCIES
- Historic Maintenance Requirements
The duplex dates back to 1918, which may require more frequent and specialized maintenance compared to the modern 1985 main residence, despite recent updates.
- Operational Complexity
Managing two distinct building types—a luxury single-family home and a century-old multi-family structure—on a single parcel can complicate insurance, financing, and property management.
About 226 W Spain Street
222-226 W. Spain Street is a rare, 3-unit property offering a beautiful single-family home and a charming duplex, just 1.5 blocks from Sonoma Plaza in the heart of downtown Sonoma. This exceptional location provides immediate access to Sonoma's premier shopping, dining, and cultural attractions, while also bordering the serene Sonoma State Historic Park open space. The 3-Bed/2-Bath main home, built in 1985, features luxury finishes, vaulted ceilings, an attached garage, a private gated driveway, and a beautifully landscaped garden with unobstructed views of the northern hills. The duplex, built circa 1918, consists of two 2-Bed/1-Bath units that have been tastefully updated while maintaining their original charm. This property is an ideal opportunity for an owner-occupant looking to reside in the single-family home while generating rental income from the duplex. Alternatively, an investor can capitalize on its high-demand location and strong rental potential. With its prime location, versatile living options, and investment upside, 222-226 W. Spain Street is a one-of-a-kind opportunity in one of Sonoma's most desirable neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 0
- Lot Size
- 11,250 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.6 |
| Baths | 2.0 | 2.0 |
| Square foot | 3,812 | 1,514.9 |
| Lot Size | 11,250 | 7,283.25 |
| Price | $1.85M | $864.9K |
| Price per sq ft | $485 | $635 |
| Built year | 0 | 1977 |
| HOA | $0 | $238 |
| Days on market | 23 | 66 |
Pricing History
Listed for Sale
Aug 17, 2026
$1,850,000
Initial Listing