4 Harkle Road — Sale in Novato, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Novato, CA 94945

Photos

4 Harkle Road — Sale in Novato, CA, photo 1 of 4
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4 Harkle Road — Sale in Novato, CA, photo 4 of 4

Investment Figures

Cap rate
3.61%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The Baglieri Group of Marcus & Millichap is proud to present Harkle Road, offered for sale for the first time ever by the original family that built this remarkable Novato property. The offer consists of seven detached homes situated across approximately 2.25 acres, including two of Novato’s most recognizable residences: the rotating Round House and the iconic Potato Chip House. Opportunities to acquire approximately 2.25 acres of buildable land in Novato—already improved with seven income-producing homes— are exceptionally rare. The property offers an incoming owner the ability to preserve a unique piece of local history while exploring the potential to add additional homes or subdivide the land, subject to independent investigation and approval by the City of Novato and all other applicable agencies. All seven homes are tenant occupied and separately metered for water, gas and electricity. Tenants pay their own utilities, leaving the landlord responsible primarily for property taxes and insurance and helping keep operating expenses exceptionally low. This is far more than a traditional seven-unit investment. It is a once-in-a-generation opportunity to acquire an irreplaceable Novato property with existing income, significant land, historic character and compelling long-term upside. Investment Highlights: • A once-in-a-generation Novato investment opportunity • Seven individual homes across approximately 2.25 acres • Offered for the first time in history. • An irreplaceable combination of history, income and land • Home to two of Novato's most iconic residences: the rotating Round House and the Potato Chip House • All homes are separately metered for water, gas and electricity

Market Context

This multifamily in Novato, CA is listed for sale. It is offered at an approximate 3.6% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Novato, CA — view the full market.

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