John Garrett of Marcus & Millichap is pleased to present the opportunity to purchase The Villa apartments. Located at 218 Edith Street in Petaluma, The Villa is an 18-unit multifamily asset offering strong fundamentals, immediate value-add potential, and a walkable, amenity rich location. Built in 1962, the property consists of 12 two-bedroom, one-bath units and 6 one-bedroom, one-bath units, arranged around a landscaped central garden with a lawn that provides tenants with a quiet, residential atmosphere. Each building has undergone significant capital improvements, including permitted electrical subpanel replacements in all units, a new main electrical service in one building, and rebuilt exterior staircases and decks, providing long-term durability and reducing future deferred maintenance. The site offers covered parking for all 18 units, additional street parking, and on-site coin-operated laundry for tenant convenience. The strong unit mix and low-density layout make the property appealing to a wide range of renters. Just blocks from the property are Whole Foods, Petaluma’s SMART Train station, public schools, parks, the public library, and a variety of local dining and retail options. In addition, residents are less than a half mile from a Grocery Outlet–anchored shopping center and within ¾ mile of a Target–anchored center, providing access to major retailers and daily necessities. Current average rents at The Villa are approximately 10% below market, offering clear income upside through turnover or strategic renovations. Petaluma continues to attract renters seeking a high quality of life in a historic, transit-connected, and job-rich environment. With limited new rental supply and high demand for well-located units, The Villa offers investors a rare opportunity to acquire a stabilized, well-maintained asset with strong fundamentals and future upside in one of Sonoma County’s most desirable submarkets.