518 Kentucky Street, Petaluma, CA 94952, Petaluma, 94952 - 8 bed, 4 bath
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Petaluma, CA 94952
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,850,000—positioned above the $1,756,858 Fair Market Value. While priced at a premium, the property features a Turnkey Condition Rating with extensive interior renovations, including quartz counters and stainless steel appliances. The prime West Side location near downtown Petaluma ensures strong rental demand, while the owned commercial laundry and covered pergola social area provide unique value-add amenities. This is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a stable, income-producing asset.
Property is new construction or fully renovated.
The property has undergone an extensive renovation of all four units, featuring modern kitchens with quartz countertops, stainless steel appliances, and subway tile backsplashes. The bathrooms are fully updated with contemporary vanities and fixtures, and the units include new engineered flooring and thermal pane windows. While the building was originally constructed in 1968, the interior components and finishes are virtually new and meet current high-quality standards.
Situated just blocks from downtown Petaluma, this highly sought-after location ensures high tenant demand and long-term appreciation potential.
All four units have been extensively remodeled with high-end finishes like quartz countertops and stainless steel appliances, offering a move-in ready investment with minimal immediate CapEx.
The property features rare multi-family assets including owned commercial laundry, a large shared outdoor social area with a pergola, and detached garage storage.
With only two garage spaces for four 2-bedroom units, the property may face challenges accommodating multiple vehicles per household, potentially leading to street parking reliance.
While the interiors are modernized, the 1968 construction date suggests that underlying systems and structural components may require more frequent maintenance than newer developments.
Here's the investment opportunity you've been looking for! Location and cash flow describe this attractive 4 unit building located on Petaluma's charming west side. Blocks from downtown, this sought after location will attract long term tenants for years to come. Property includes 4 remodeled 2 bedroom, 1 bath units totaling approximately 2800+/- sf with quality engineered flooring, stainless steel appliances, quartz counters, thermal pane windows, gas ranges, heating and more. There is an onsite laundry room with commercial washers and dryers (owned) as well as a large rear yard with a covered pergola social area. Additionally, there is a detached garage with two single-car spaces with additional storage that are offered to tenants when available.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 4.0 | 67% |
| Baths | 4.0 | 3.0 | 67% |
| Square foot | 2,800 | 2,800 | 50% |
| Lot Size | 8,625 | 8,551 | 67% |
| Price | $1.85M | $1.10M | 67% |
| Price per sq ft | $661 | $409 | 67% |
| Built year | 1968 | 1900 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 204 | 204 | 67% |
Apr 28, 2026
$1,850,000
$1,895,000
-2% Price Drop
Initial Listing
Nov 14, 2025
$1,895,000
Initial Listing