List Price: $5M

Listing Status: Active

Original List Price: $5.6M

Days on Market: 89

0 Bedrooms · 0 Bathrooms

Property Type: CommercialSale

Year Built: 1962

Lot Size: 17,850 sq ft

Annual Property Tax: $97,533

MLS Number: ML82054661

About This Property

19 Merrydale Road (the Property) is a multifamily asset built in 1965 situated on a generously sized lot and comprised of eighteen (18) units. The Property features a unit mix of twelve (12) one-bedroom/one-bathroom and six (6) two-bedroom/one-bathroom floorplans. Several units have been tastefully renovated as tenants have turned, and recent capital improvements include new electrical subpanels, water heaters, and furnaces throughout, ensuring modern mechanical systems and reduced near-term capital requirements for an incoming investor. Each unit benefits from its own individual water heater and furnace, providing residents with independent climate and utility control a meaningful amenity that limits owner utility exposure and enhances tenant satisfaction. The Property also features on-site laundry and commanding views of the surrounding Marin hillsides, adding to its strong appeal among prospective renters. Marin Heights premier location in San Rafael positions it at the heart of one of the most desirable residential communities in Marin County. Residents enjoy convenient access to Highway 101 and proximity to major employment centers across the North Bay and broader Bay Area, while benefiting from the exceptional quality of life Marin is renowned for.

Listing provided by: Adam Foley DRE #02144332 4084537400 adam.foley@cbre.com, CBRE, Inc.

Source: CRMLS, MLS #: ML82054661

The listing office is CBRE, Inc.. Belmont Brokerage Inc. (DRE #02431308) provides buyer representation and consultation. Tour and contact requests go to a Belmont agent.