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1052 7th St - 1052 7th 4 Unit Apartment Building Offered at $1,600,000 at a 6.79% Cap Rate Novato, CA 94945
Executive Summary
Four 2BR/1.5 BA Townhouse apartments on a level lot near downtown Novato, but just far enough away. Located in the desirable far west side of the downtown area.
All apartments feature individual laundry rooms and a private fenced in back yard area. Ample off-street parking with each apartment having two spaces – one carport and one open.
The property was built in 1979 and has been well cared for since. Wood frame two-story construction on a concrete perimeter foundation with a composition roof.
There is a shared easement driveway with the building next door, which is also available for sale.
All apartments feature individual laundry rooms and a private fenced in back yard area. Ample off-street parking with each apartment having two spaces – one carport and one open.
The property was built in 1979 and has been well cared for since. Wood frame two-story construction on a concrete perimeter foundation with a composition roof.
There is a shared easement driveway with the building next door, which is also available for sale.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$144,000
|
$35.96
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$144,000
|
$35.96
|
| Taxes |
-
|
-
|
| Operating Expenses |
$35,300
|
$8.82
|
| Total Expenses |
$35,300
|
$8.82
|
| Net Operating Income |
$108,700
|
$27.15
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $144,000 |
| Annual Per SF | $35.96 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $144,000 |
| Annual Per SF | $35.96 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $35,300 |
| Annual Per SF | $8.82 |
| Total Expenses | |
|---|---|
| Annual | $35,300 |
| Annual Per SF | $8.82 |
| Net Operating Income | |
|---|---|
| Annual | $108,700 |
| Annual Per SF | $27.15 |
Property Facts
| Price | $1,600,000 | No. Units | 4 |
| Price Per Unit | $400,000 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 4,004 SF |
| Cap Rate | 6.79% | No. Stories | 2 |
| Gross Rent Multiplier | 11.1 | Year Built | 1979 |
| Price | $1,600,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 6.79% |
| Gross Rent Multiplier | 11.1 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 4,004 SF |
| No. Stories | 2 |
| Year Built | 1979 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 4 | $2,800 | 1,001 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 141-251-30 | Total Assessment | $625,504 (2025) |
| Land Assessment | $162,491 (2025) | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $463,013 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
141-251-30
Land Assessment
$162,491 (2025)
Improvements Assessment
$463,013 (2025)
Total Assessment
$625,504 (2025)
Annual Taxes
$0 ($0.00/SF)
Tax Year
2026
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1052 7th St - 1052 7th
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