327 Vallejo Street, Petaluma, CA 94952, Petaluma, 94952 - 0 bed, 0 bath
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Petaluma, CA 94952
This Triplex Residential Income property is a Strong Value Opportunity, listed at $1,175,000—positioned above the $1,064,659 Fair Market Value. While the list price reflects a premium, the property offers stable, in-place income with a Condition Rating of 3, featuring updated kitchens and bathrooms. Its West Petaluma location and detached configuration provide excellent flexibility for short-term or long-term rentals. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to offset housing costs through a proven, turnkey rental strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 327 Vallejo Street Subject | $1,125,000* List Price | 0 | 0 | 2,251 | $466 | - |
A 317 319 8th Street Sold | $1,100,000 | 4 | 2 | 2,691 | $409 | 1.0 mi |
B 888 Petaluma Boulevard S Pending | $1,350,000 List Price | 0 | 0 | 2,597 | $520 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1982, the property has been well-maintained and significantly updated. The kitchens and bathrooms have been refreshed with granite countertops and modern cabinetry within the last 5-15 years. The interiors are move-in ready with clean finishes, and the systems appear functional as the property is currently operating as a successful Airbnb and rental.
The property features a successful Airbnb-ready bungalow and a separate duplex, offering diverse revenue streams and flexibility for owner-occupants or short-term rental strategies.
Situated in the highly desirable Midtown neighborhood, the property enjoys proximity to Downtown Petaluma, the SMART train, and major shopping centers, ensuring high tenant demand.
With tastefully updated kitchens and bathrooms across all units, the property is well-maintained and ready for immediate occupancy without the need for significant capital improvements.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9749, other record lot size in square feet = 9600. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2251, other record living area = 783.
All three units are 2-bedroom, 1-bathroom layouts, which may limit appeal to larger families or tenants specifically seeking more than one bathroom.
At a list price of $1.175M, the property requires a substantial initial investment, which may result in a tighter cap rate for investors in the current interest rate environment.
Exceptional West Petaluma Income Property. Located in the heart of West Petaluma's desirable Midtown neighborhood, the property consists of a charming 2-bedroom, 1-bath bungalow, plus a separate duplex with 2-bedroom, 1-baths per unit. Nestled among established homes in one of Petaluma's most sought-after areas, it provides an outstanding opportunity for investors seeking strong, stable rental income or owner-users looking to offset their housing costs. The front cottage has been tastefully updated and features a spacious dine-in kitchen, comfortable living area, dedicated laundry room, charming front porch, and private yard. Currently operating successfully as an Airbnb, it offers excellent flexibility for short-term or long-term rentals. The duplex units have also been refreshed with modern kitchens and bathrooms, delivering strong tenant appeal and comfortable living. Residents enjoy private fenced outdoor spaces, off-street parking, and an unbeatable location with easy access to Downtown Petaluma, the Petaluma Fairgrounds, Target Shopping Center, the SMART Train station, shopping, dining, schools, and major transportation routes. With strong in-place income, flexible occupancy options, and a highly desirable detached configuration, 327 Vallejo Street is a rare, well-maintained income property in one of Sonoma County's strongest rental markets.
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 | 2,251 | - |
| Lot Size | 9,749 | - |
| Price | $1.12M | $1.10M |
| Price per sq ft | $500 | $409 |
| Built year | 1982 | 0 |
| HOA | $0 | $0 |
| Days on market | 42 | 23 |
Jul 14, 2026
$1,125,000
$1,175,000
-4% Price Drop
Initial Listing
Jun 10, 2026
$1,175,000
Initial Listing
Sep 8, 2023
$1,150,000
Public Record
Aug 30, 2010
$426,000
Public Record
Mar 29, 2005
$705,000
Public Record