17 Roque Moraes Ct 6 Unit Apartment Building $2,750,000 ($458,333/Unit) 4.61% Cap Rate Mill Valley, CA 94941

17 Roque Moraes Ct. – Prime hillside location, and easy access to Hwy 101.
17 Roque Moraes is a well-maintained, six-unit, 1958 building with Mt. Tam views, private decks, and an unbeatable location—Whole Foods across the street, Hwy 101 minutes away. Located in the coveted Enchanted Knolls neighborhood, these properties rarely come on the market and sell quickly—an exceptional opportunity for investors seeking both rental income and increased property value.
The property has two one-bedroom and four two-bedroom units. Open-air floor plans with picture windows frame stunning views of Mt. Tamalpais. Each unit features a private deck, spacious floor plans, on-site laundry facilities, covered parking, and storage space. A rare mix of modern amenities and natural beauty makes this six-unit building highly desirable for today’s renters and investors.
Discover the Magic of Mill Valley Living
Living in Mill Valley
Tucked beneath the redwood-covered slopes of Mt. Tamalpais, Mill Valley offers the perfect blend of small-town charm and modern convenience. At 17 Roque Moraes Court, residents enjoy a peaceful hillside setting just moments from the heart of town. Tree-lined streets, inviting boutiques, and a vibrant dining scene create a welcoming community that feels both sophisticated and relaxed. Outdoor enthusiasts treasure the endless hiking and biking trails through Muir Woods and Mount Tam, while the town’s cultural heartbeat thrives with live music at the historic Sweetwater, film festivals, and local art galleries. Families are drawn to top-rated schools, friendly neighborhoods, and a strong sense of community. Just minutes from the Golden Gate Bridge, Mill Valley provides quick access to San Francisco while preserving a village-like atmosphere. Life at 17 Roque Moraes captures the very best of Mill Valley—natural beauty, modern convenience, and timeless appeal.
Mill Valley Accolades ??
• Top 20 Best Small Towns in America – Smithsonian Magazine
• One of the 100 Best Places to Live in the U.S. – Money Magazine (CNN/Money)
• Ranked among the Safest & Richest Bay Area Cities – GoBankingRates / KTVU
With its breathtaking scenery, vibrant culture, top-rated schools, and community spirit, Mill Valley consistently earns national recognition as one of the most desirable places to live.
17 Roque Moraes is a solid investment opportunity in a desirable location with stable tenants.
The property is a three-story wood-frame structure with a stucco exterior, situated on a concrete perimeter foundation. There is covered parking for six cars, as well as ample off-street parking. Tenants benefit from an on-site laundry room and individual storage lockers. SB721 certified decks and 2012 seismic upgrades.
Year Built – 1958
Construction – Wood Frame/Stucco
Foundation – Concrete Perimeter
Roof – torch down, 2016, report available
Laundry – On-site, laundry Room
Storage – Individual Storage Lockers
Lot size – 8,865 sf (Assessor)
Building Size – 4,576 sf (Assessor)
Decks – SB721 Certified
Seismic – Upgraded in 2012. May need current MV certification
Windows – Upgraded Dual Pane and Thermal Pane in LR
Electrical Sub Panels – Older, but not Fed Pacific or Zinsco
Price/sf - $644
Price/unit - $483,000
GSI - $190,100
NOI - $123,200
GRM – 15.3
CAP – 4.2%