29 Frances Street, San Rafael, CA 94901, San Rafael, 94901 - 6 bed, 3 bath
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San Rafael, CA 94901
This Turnkey Victorian Multi-Unit Residence is a Prime Investment Opportunity, listed at $1,395,000—positioned well below the $1,460,395 Fair Market Value by 4%. This valuation gap offers $65,395 in Instant Equity. Featuring a remodeled 1,000 sqft ADU and Multi-Res Zoning on an oversized 10,920 sqft lot, the property provides rare development flexibility and significant rental upside. Boasting a Turnkey Condition Rating and proximity to Ross Elementary (9/10), it perfectly balances historic charm with modern income potential. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29 Frances Street Subject | $1,375,000 | 6 | 3 | 2,754 | $530 | - |
A 77 Coleman Drive Sold | $1,250,000 | 4 | 3 | 2,048 | $610 | 0.8 mi |
B 544 Bret Harte Road Sold | $1,460,000 | 4 | 3 | 2,484 | $588 | 0.8 mi |
C 78 Windsor Avenue Sold | $1,375,000 | 4 | 3 | 2,636 | $522 | 1.0 mi |
D 1422 Nye Street Sold | $1,363,000 | 5 | 3 | 2,180 | $625 | 0.7 mi |
E 5 Viox Way Active | $1,495,000 List Price | 4 | 4 | 2,472 | $605 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1910 Victorian is in move-in ready, turnkey condition. The kitchen has been remodeled with granite countertops and stainless steel appliances, and the bathrooms feature updated vanities and fixtures. The property also includes a fully remodeled 1,000 sqft ADU. While some elements like the parquet flooring and carpeting over original hardwoods reflect older renovation cycles, the home is exceptionally well-maintained with no immediate repairs required.
Middle School: Ross Elementary School (9/10).
The property features a substantial, remodeled 1,000 sqft 2-bedroom ADU with a private yard and separate entrance, offering significant rental income potential or a perfect setup for multi-generational living.
Zoned Multi-Res on an oversized 10,920 sqft lot, the property provides rare development flexibility, including the potential for a lot split or the addition of another 1,200 sqft ADU per city planning.
The presence of carpeting over original hardwood floors suggests that a buyer may need to invest in cosmetic updates to fully reveal and modernize the home's interior aesthetic.
As a century-old Victorian, the home features traditional elements like gabled ceilings and a segmented floor plan that may feel restrictive to buyers accustomed to modern open-concept living.
Price reduced! Come see again! Pretty and roomy Victorian home with large adu, zoned Multi-Res. Turnkey 6 bedroom 3 bathroom. Quiet location in Gerstle Park near other charming Victorians. A few blocks to downtown San Rafael. Beautifully maintained. Main house has charming front porch, remodeled kitchen with family room, huge living room/dining room combination with glorious windows and sunlight, and fireplace/stove, plus 4 bedrooms and 2 bathrooms, bedrooms including primary bedroom with attached full bathroom. The 2 upstairs bedrooms have charming gabled ceilings and are served by a full bathroom just downstairs from them. Kitchen with breakfast bar and TV room. High ceilings throughout the main floor, as well as hardwood floors under most carpeting. Approx 1750 sf. Large level yard plus more parking. Lower level features a remodeled 2 bdroom 1 bthroom ADU, approx 1000 sf. Private yard, front and back doors and 1 designated parking spot. Main house has laundry hook-ups in hall closet. Move right in both units! San Rafael school district map indicates home is in Sun Valley Elementary district(call dist to verify)(Zillow incorrecty showing 2 bths) City of San Rafael planng says they allow another duplex if lot is split, or another ADU 1200 sf without lot split, buyer to confirm with city)
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.4 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 96% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,754 | 2,007 | 76% |
| Lot Size | 10,920 | 8,398 | 61% |
| Price | $1.38M | $1.38M | 50% |
| Price per sq ft | $499 | $662 | 24% |
| Built year | 1910 | 1955 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 91 | 203 | 16% |
Jan 21, 2026
$1,459,000
Initial Listing