301 Poplar St, Mill Valley, CA 94941, Mill Valley, 94941 - 0 bed, 0 bath
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301 Poplar St
Mill Valley, CA 94941
ACTIVE
CONDITION: GOOD
0Beds
0Baths
5,869Sq Ft
6,650Lot Size
Property Price
LIST PRICE$3,000,000
EST. MARKET VALUE
$3,273,300
8% BelowMARKET VALUE
SUMMARY
This Mixed-Use Residential Income Asset is a Strong Value Opportunity, listed at $3,000,000—positioned well below the $3,273,301 Fair Market Value by 8%. This valuation gap offers $273,301 in Instant Equity. Featuring a Good Condition Rating with recent sound-limiting improvements, the property offers a diversified revenue stream from five apartments and three commercial units. Located near Top-Rated Schools like Tamalpais Valley Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-producing property in Mill Valley.
Estimated Market Value
$3,273,300+$273,300 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Mill Valley.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Originally built in 1961, this mixed-use property has undergone significant recent renovations that place it in the 'Good' category. While some units retain older elements like electric coil stoves and dated bathroom tile, other portions feature modern shaker-style cabinetry, quartz countertops, and updated vanities. The commercial spaces show high-quality maintenance with new laminate flooring and modern mini-split HVAC systems installed, making the entire building functional and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
- Diversified Income Stream
This mixed-use building offers a versatile revenue model with five residential apartments and three commercial spaces, providing a balanced investment portfolio and reduced vacancy risk.
- Turnkey Condition
The property has been meticulously family-managed since 1984 and features recent improvements, including sound-limiting insulation between units, ensuring lower immediate capital expenditure for the buyer.
CONSRISKS & DEFICIENCIES
- Noise Proximity
The property's location directly adjacent to a fire station and its visibility to Highway 1 may result in significant ambient noise, potentially impacting residential tenant retention.
- Vintage Infrastructure
Built in 1961, the building may possess aging utility systems or structural elements that require more frequent maintenance compared to modern multi-family developments.
About 301 Poplar St
MILL VALLEY … For-Sale ... Mixed-Use Building … Quaint, Tudor-Style Building with wonderful curb-appeal and good rent history – 6-miles to Muir Beach and less than a mile to Tam Junction. First time on the market since 1984 – this has been a terrific, family-managed rental property for the sellers and now it is time to pass it on to a new generation of owners. Excellent condition – well-maintained with lots of recent improvements, including sound-limiting between units. Upstairs you will find 5 apartments (two with 2-bedrooms and three with 1-bedroom). Downstairs are three spaces for retail / office / commercial (zoned General Commercial / Mixed Use). Next door to the Fire Station with good parking for Tenants and some visibility to Hwy-1 / Shoreline Hwy. Proforma Cap-Rates of 5.6% with current Tenants, or 7% Cap-Rates from HUD programs. Rent Roll and 3-Years of Financials are available - see Disclosure Package.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1961
- Lot Size
- 6,650 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Mill Valley Unified Schools
Tamalpais Valley Elementary School
Grades K-5 • 0.5 mi
9/10
Edna Maguire Elementary School
Grades K-5 • 2.0 mi
8/10
Strawberry Point Elementary School
Grades K-5 • 2.1 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Pricing History
Listed for Sale
Aug 19, 2026
$3,000,000
Initial Listing