408 Keller Street — Sale in Petaluma, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Petaluma, CA 94952

Photos

408 Keller Street — Sale in Petaluma, CA, photo 1 of 2
408 Keller Street — Sale in Petaluma, CA, photo 2 of 2

Investment Figures

Cap rate
5.30%

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

Marcus & Millichap is proud to present 408 Keller Street, a six-unit Multifamily property in the heart of Petaluma, California. The property consists of six, fully remodeled two-bedroom 1.5-bath, townhouse-style units with 8 newly paved parking spaces (one per unit, plus two additional rentable spaces). The building and units have been extensively updated. Unit renovations include new flooring, trims and two-tone paint and blinds throughout, new stainless-steel appliances and countertops in the kitchen, new electrical finishes and lighting throughout and new bathrooms. Additionally, the property offers coin-laundry and storage units on-site for additional annual in-come as well as the potential to add in unit laundry to further increase property cash flow. Investment Highlights: • Highly Sought-After Petaluma Historical Downtown Location • Fully Remodeled Units (2020 Remodel) • Strong Petaluma Rent Growth Estimates Through 2028

Market Context

This multifamily in Petaluma, CA is listed for sale. It is offered at an approximate 5.3% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Petaluma, CA — view the full market.

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