1318 Lincoln Ave - Apartments FOR SALE


San Rafael, CA 94901- Lincoln-San Rafael Hill
$1,550,000 USD
415-877-1077
1318 Lincoln Ave, San Rafael, CA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/13
null | 4.53% Cap Rate

1318 Lincoln Ave
San Rafael, CA 94901
Lincoln-San Rafael Hill


OVERVIEW

1318 Lincoln Ave – A Turnkey Investment with Victorian Charm and Modern Amenities. A well-maintained and fully leased investment property offering stable income and long-term upside. Initially built in 1895, the original duplex was raised and three new units were added underneath in 1978. Upgraded kitchens, electrical, plumbing, and foundation. The building boasts two spacious, high ceiling 1 BR top units and three lower studios with partitioned sleeping areas and private entrances (Jr-1BR). Additional features include on-site laundry, tenant storage, and off-street parking. A landscaped garden enhances the curb appeal along a quiet stretch of Lincoln Avenue. A well-positioned income property offering vintage charm with modern updates. Renovated in 1977, the building was lifted to add three lower units, preserving its classic Victorian appeal. This two-story wood-frame structure sits on a new raised slab foundation and features updated plumbing and electrical systems, including new panels and wiring—no Federal Pacific equipment. All units have been remodeled. Tenants enjoy on-site laundry, individual storage lockers, and ample off-street parking. All apartments are separately metered for, and tenants pay their own PG&E. With stable tenancy and a desirable location, 1318 Lincoln offers both immediate cash flow and long-term value.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$512 USD /SF

# OF UNITS

5

PRICE/UNIT

$310,000

CAP RATE

4.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1318 Lincoln

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1895

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,839 SF

ZONING

-

APN/PARCEL ID

011-185-05

ASK ABOUT THIS PROPERTY

Michael BurkeGolden Gate Sotheby's International RealtyMore Info
415-877-1077

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Michael BurkeGolden Gate Sotheby's International RealtyMore Info
415-877-1077

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.