44 46 Martens Boulevard, San Rafael, CA 94901, San Rafael, 94901 - 4 bed, 3 bath
44 46 Martens Boulevard
San Rafael, CA 94901
Property Price
SUMMARY
Analysis of 44 46 Martens Boulevard, San Rafael, CA 94901 is currently available with a list price of $1,200,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Rafael Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1915 duplex is move-in ready and has been well-maintained with significant upgrades. The upper unit features a modern kitchen with stainless steel appliances, stone countertops, and subway tile backsplashes, along with updated bathrooms and dual-pane windows. Major infrastructure improvements, including new electrical panels, plumbing, and drainage, support the 'good' rating, though the property's age and the unpictured lower unit prevent an 'excellent' score.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Investment Opportunity
The upper unit is delivered vacant, offering a rare chance for an owner-occupant to move in while generating income from the lower unit, or for an investor to immediately secure market-rate rent.
- Significant Infrastructure Upgrades
The property has undergone major capital improvements, including new main electrical panels, plumbing, drainage, and retaining walls, which minimizes immediate maintenance concerns and capital expenditure.
- Prime Transit-Oriented Location
Located in the desirable Picnic Valley, the duplex is just steps from Downtown San Rafael’s dining, the SMART Train, and freeway access, ensuring high tenant demand and long-term desirability.
CONSRISKS & DEFICIENCIES
- Century-Old Construction
Built in 1915, the property may present ongoing maintenance challenges or structural limitations inherent to older homes that even modern upgrades cannot fully eliminate.
- Limited Interior Transparency
The lower unit is not pictured in the marketing materials, which may create uncertainty for buyers regarding its current condition and the potential cost of future cosmetic updates.
About 44 46 Martens Boulevard
Located in the sought-after Picnic Valley neighborhood, this well-maintained duplex presents a rare opportunity for both investors and owner-occupants. Upper Unit #46 (delivered vacant) offers 2 bedrooms plus possible 3rd bedroom and office/sunroom, 1.5 bathrooms, private deck, two driveway parking spaces and detached garage. Light-filled floor plan with dual-pane windows and Downtown San Rafael and hillside views. Lower Unit #44 (not pictured) features 2 bedrooms, 1 bathroom, stainless steel appliances, expansive deck and yard space, two dedicated parking spaces, and similar views. Each unit includes its own washer/dryer and additional storage. Major upgrades include new main electrical panels, retaining walls, plumbing, drainage and more. Prime location just steps to Downtown San Rafael dining, shops, farmers market, SMART Train, transit and easy freeway access.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1915
- Lot Size
- 6,451 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Rafael Unified Schools
Laurel Dell Elementary School
Grades K-5 • 0.3 mi
Anthony G. Bacich Elementary School
Grades K-4 • 1.0 mi
Coleman Elementary School
Grades K-5 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,196 | 1,842 | 71% |
| Lot Size | 6,451 | 7,050 | 43% |
| Price | $1.20M | $1.20M | 50% |
| Price per sq ft | $546 | $594 | 43% |
| Built year | 1915 | 1915 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 212 | 14% |
Pricing History
Listed for Sale
Feb 24, 2026
$1,200,000
Initial Listing
Sold
Dec 8, 2017
$1,000,000
Public Record