523 Belle Avenue, San Rafael, CA 94901, San Rafael, 94901 - 0 bed, 0 bath
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San Rafael, CA 94901
This Prime Investment Opportunity is a Residential Income Duplex listed at $1,200,000—positioned well below the $1,234,405 Fair Market Value by 2%. This valuation gap offers $34,405 in Instant Equity. Featuring a Condition Rating of 2 with updated kitchens and onsite laundry, the property provides immediate cash flow. Its large 9,914 sqft lot with shared garden and patio adds significant long-term value. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-producing asset in San Rafael.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 523 Belle Avenue Subject | $1,200,000* List Price | 0 | 0 | 2,368 | $521 | - |
A 46 Martens Boulevard Sold | $1,085,000 | 0 | 0 | 2,218 | $489 | 0.9 mi |
B 29 Frances Street Pending | $1,395,000 List Price | 6 | 3 | 2,754 | $507 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1955, the property has undergone high-quality recent renovations. The kitchens feature modern white shaker cabinetry, stone countertops, and stainless steel appliances, while the bathrooms and living areas include updated vanities and recessed lighting, placing it within the under 5-year renovation window.
Both units are currently tenant-occupied, providing a turnkey opportunity for investors to generate cash flow immediately upon acquisition.
The duplex features thoughtfully updated kitchens in both units, offering a modern aesthetic and reducing the need for immediate renovation costs.
Situated on a nearly 10,000 sqft lot, the property offers rare amenities including basement storage, onsite laundry, and a large shared garden area.
Current tenant occupancy may restrict immediate owner-occupancy or the ability to quickly adjust rents to current market rates.
Built in 1955, the property may require ongoing maintenance or future upgrades to core systems like plumbing and electrical that were not part of the kitchen updates.
Welcome to 521-523 Belle Avenue, a well-maintained San Rafael duplex offering an excellent opportunity for investors, owner-users or buyers seeking a flexible multi-unit property in a convenient Marin County location. Each of the two units features a comfortable 2-bedroom, 1-bath layout with updated kitchens, functional living spaces and a warm, inviting feel. Both residences are currently tenant occupied, providing immediate rental income and making this an appealing option for those looking to add a solid income-producing property to their portfolio. The thoughtfully updated kitchens bring a fresh, modern touch to each unit, while the efficient floor plans offer comfortable day-to-day living. Onsite laundry and additional storage are located in the basement, giving residents convenient access to practical amenities that are often difficult to find in smaller multifamily properties. Each unit also includes its own designated space in the carport, adding valuable off-street parking and everyday convenience. Outdoor space is another standout feature of the property. A generous shared common area creates a welcoming setting for barbecuing, outdoor dining, entertaining or simply relaxing in the Marin sunshine. A separate garden area offers room for residents to grow flowers, herbs or vegetables, creating a sense of community while still allowing for distinct uses of the outdoor spaces. Ideally situated near Dominican University of California, this duplex is close to shopping, dining, everyday services and many of the outdoor destinations that make San Rafael such a desirable place to live. China Camp State Park is nearby for hiking, biking and exploring the bayfront, while McNears Beach offers opportunities for picnics, recreation and time by the water. The property also provides convenient access to downtown San Rafael, local transportation routes and surrounding Marin communities. With two updated, currently rented units, onsite laundry and storage, covered parking and inviting outdoor areas, 521-523 Belle Avenue combines functionality, income potential and a sought-after location. Whether you are looking for a long-term investment, a future owner-occupancy opportunity or a versatile property in the heart of San Rafael, this duplex offers a compelling blend of comfort, convenience and value.
No exterior & parking available.
No sensitive facilities data found.
Jul 13, 2026
$1,200,000
Initial Listing