Home | Marin County | San Rafael | 94903 | 84 Merrydale Rd
84 Merrydale Rd, San Rafael, CA 94903
MLS: BA326070549 | Status: Active | Price: $1,350,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Acres Lot |
Yr Built |
| – |
– |
1,918 |
0.34 |
1925 |
Exceptional Income-Producing Triplex with Significant Multifamily Development Potential Rare opportunity to acquire an income-producing asset with substantial upside on a 14,000+ square-foot lot offering outstanding multifamily development potential and convenient freeway access. This property presents an exceptional combination of immediate cash flow and long-term value creation. The current owner has completed several important pre-development milestones, including a architects feasibilty study, soils report, boundary survey, and professionally designed architectural site plans featuring two alternative structural concepts for an eight-unit residential development, allowing a future owner to accelerate the development process. The existing property consists of three residential units: Detached two-bedroom, one-bath home, with a basement. Two attached one-bedroom, one-bath units, one of which includes a valuable additional room. Current gross rental income is $6,772.50 per month, with a recent appraisal indicating an estimated market rent of $7,535 per month. The property's unique ability to generate stable rental income during the planning, entitlement, and development process distinguishes it from vacant development sites. Beyond its investment appeal, the
| Field |
Value |
| MLS # |
BA326070549 |
| MLS Source |
Bay Area Real Estate Information Services, Inc. |
| Days on Site |
9 |
Features
Interior Features
| Feature |
Details |
| Flooring |
Carpet, Tile, Wood |
| Cooling |
None |
| Heating |
Central Forced Air, Wall Furnace |
Exterior Features
| Feature |
Details |
| Roof |
Composition |
| Foundation |
Concrete Perimeter, Slab |
| Style |
Flat, Ranch |
| Feature |
Details |
| Garage/Parking |
Covered Parking, Garage: 0 Car(s) |
| Sewer |
Public Sewer |
| HOA Fee |
$0 |
| Listing Agent |
Co-Listing Agent |
| David O'Brien |
Deirdre O Brien |
| Compass |
Compass |
| License #: 01832087 |
License #: 01990538 |
| Phone: (415) 342-1968 |
Phone: (415) 948-3197 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 2 |
0 |
3 |
Unit Details
| Unit # |
Sq Ft |
Beds |
Baths |
Rent |
| 1 |
795 |
2 |
1/0 |
$3,360 |
| 2 |
438 |
1 |
1/0 |
$787 |
| 3 |
725 |
1 |
1/0 |
$2,625 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Nearby Homes
| Address |
Price |
Beds |
Baths |
Sq Ft |
Status |
| 31 Valencia Ave |
$1,399,000 |
– |
– |
3,264 |
Active |
Disclosures
©2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Bay Area Real Estate Information Services, Inc.
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This listing information is up-to-date as of August 22, 2026. For the most current information, please contact David O'Brien, (415) 342-1968.