46 Martens Boulevard, San Rafael, CA 94901, San Rafael, 94901 - 0 bed, 0 bath
Loading property details...
San Rafael, CA 94901
This Residential Income Duplex is a Prime Investment Opportunity, listed at $1,125,000—positioned well below the $1,149,873 Fair Market Value by 2%. This valuation gap offers $24,873 in Instant Equity. Featuring a 3-Condition Rating, the property includes 5 parking spaces, a private deck, and clear hillside views. Its flexible layout allows for immediate rental income or owner-occupancy. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a well-connected Marin location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 46 Martens Boulevard Subject | $1,099,000* List Price | 0 | 0 | 2,196 | $515 | - |
A 387 Irwin Street Sold | $1,175,000 List Price | 4 | 2 | 1,876 | 0.6 mi | |
B 20 Taylor Street Active | $1,200,000 List Price | 4 | 2 | 2,424 | $495 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1915, the property is well-maintained and move-in ready. The kitchen and interiors show evidence of renovations likely within the 10-20 year range, featuring functional shaker-style cabinetry and polished hardwood floors, though appliances are dated.
Priced at approximately $507 per square foot, this property represents a highly competitive entry point into the Marin County market, offering significant value compared to local averages.
The provision of five total parking spaces, including a dedicated garage, is a rare and premium feature for a multi-unit property in the Picnic Valley neighborhood.
The duplex configuration with a vacant upper unit allows for immediate owner-occupancy while utilizing the lower unit for supplemental rental income or a private home office.
Built in 1915, the property may require more frequent maintenance and potential upgrades to aging mechanical, electrical, or plumbing systems to meet modern standards.
The reliance on a shared laundry room, despite having separate machines, may be perceived as a lack of total privacy for high-end tenants or owner-occupants.
Amazing Value at $495/sqft! Located in San Rafael's desirable Picnic Valley neighborhood, this well-maintained duplex presents a rare opportunity for both owner-occupants and investors. The upper unit features 3 bedrooms plus sunroom ideal for a home office, along with light-filled interiors, a private deck, and hillside views. The lower unit offers 2 bedrooms, a separate entrance and flexible living arrangement with rental income opportunity. The property offers a total of 5 parking spaces, including a one-car garage. Each unit benefits from dedicated storage space and access to a shared laundry room with separate laundry for each residence. Multiple outdoor areas add everyday convenience and functionality. Conveniently located near Downtown San Rafael, local parks, shopping, dining, and commuter routes, the property offers flexibility and long-term potential in a well-connected Marin location. Suitable for owner-occupants, supplemental rental income, or investment use.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 33% |
| Baths | 0.0 | 2.0 | 33% |
| Square foot | 2,196 | 1,876 | 67% |
| Lot Size | 6,451 | 7,200 | 33% |
| Price | $1.10M | $995.0K | 67% |
| Price per sq ft | $500 | $0 | 67% |
| Built year | 1915 | 1915 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 295 | 33% |
May 21, 2026
$1,099,000
$1,125,000
-2% Price Drop
Initial Listing
May 13, 2026
$1,125,000
Initial Listing