312 Washington St - Apartments FOR SALE


Petaluma, CA 94952- Downtown Petaluma
$1,682,912 USD
707-396-2687
312 Washington St, Petaluma, CA for Sale
$1,682,912 USD
Apartments - FOR SALE
1/12
null | 5.7% Cap Rate

312 Washington St
Petaluma, CA 94952
Downtown Petaluma


HIGHLIGHTS

  • Just two blocks from downtown shops, restaurants and more
  • Extremely high occupancy due to incredible location
  • Units are in good condition and have been upgraded as needed

OVERVIEW

Just two blocks from the heart of downtown Petaluma, 312 Washington St is a charming six-unit Victorian that seamlessly blends historic character with modern investment appeal. Featuring classic architectural details, this well-maintained property offers tenants a unique and inviting living experience within a few blocks of Petaluma's renowned restaurants, boutique shops, and entertainment. The property consists of five spacious 1-bedroom units and one 2-bedroom unit, providing a highly desirable unit mix in an area with strong rental demand. With stable in-place rents and historically low vacancy, 312 Washington St has consistently attracted longterm tenants who appreciate both its vintage charm and unbeatable location. Investors will benefit from a well-performing asset in one of Petaluma's most sought-after rental markets, with easy access to major thoroughfares and the lifestyle conveniences of downtown living. Interior showings upon accepted contract. Offers reviewed as received. Escrow pre-opened with Leslie Hanes at First American. Disclosure Pack available upon request.

FOR SALE DETAILS

PRICE

$1,682,912 USD

PRICE/SF

$388 USD /SF

# OF UNITS

6

PRICE/UNIT

$280,485

CAP RATE

5.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1907

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,035 SF

ZONING

C-C, Petaluma

APN/PARCEL ID

006-273-012

ASK ABOUT THIS PROPERTY

Adam MenconiColdwell Banker Residential BrokerageMore Info
707-396-2687

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Adam MenconiColdwell Banker Residential BrokerageMore Info
707-396-2687

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