
Mill Valley, CA 94941
This Vacant Duplex represents a High-Potential Investment Opportunity, listed at a List Price of $1,695,000, which aligns with its $1,695,000 Fair Market Value. Featuring a beautifully remodeled interior and a Condition Rating of 2, this asset offers immediate rental income from its 3BR/2BA and 2BR/1BA units. Situated on a 0.3-acre lot with Marin hill views, the property provides significant ADU expansion potential. Located near 9/10 rated schools, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating property.
Property is new construction or fully renovated.
While originally built in 1949, the property has undergone a comprehensive recent remodel. The interior features modern recessed lighting, updated windows, and pristine hardwood flooring throughout. The listing describes it as 'beautifully remodeled' and ready for immediate move-in, meeting the criteria for a high-quality renovation under 5 years old.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13290, living area = 2421.
Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
This rare vacant duplex features a 3BR/2BA upper unit and a 2BR/1BA lower unit, offering immediate rental income or a flexible owner-user setup in a high-demand Mill Valley market.
With over 60 days on the market and a recent price reduction from $1.77M, the property may be facing challenges with buyer perception or initial overpricing.
Originally built in 1949, the property may require ongoing maintenance of older core systems or structural elements typical of mid-century hillside construction despite recent remodeling.
Rare and special Strawberry Mill Valley vacant duplex - income, views, and upside! Located on a sprawling 0.3-acre parcel, this beautifully remodeled property offers an incredible combination of income potential, flexibility, and stunning Marin views. Perched atop a quiet cul-de-sac, this is an absolute gem for investors, owner-occupants, or those seeking a prime 1031 exchange asset. It currently features a spacious three-bedroom, two-bathroom unit on top and a separate two-bedroom, one-bathroom unit below. Both ready for immediate move-in or lease. Further expansion potential: the extra-large lot provides significant future upside, with room for a possible ADU. Abundant parking: never worry about parking with a two-car garage, one carport, and ample driveway. Prime location: ideally situated just blocks from Strawberry Village shopping, dining, and easy freeway access! Don't miss this chance to own in the coveted and convenient Strawberry Mill Valley!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 78% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,421 | 2,306 | 61% |
| Lot Size | 13,290 | 10,001 | 66% |
| Price | $1.70M | $2.18M | 29% |
| Price per sq ft | $700 | $983 | 14% |
| Built year | 1949 | 1958 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 86 | 144 | 2% |
May 11, 2026
$1,695,000
$1,770,000
-4% Price Drop
Initial Listing
Mar 12, 2026
$1,770,000
Initial Listing