Remodeled Vintage Cottage + Victorian 2-unit 732 Petaluma Blvd S 3 Unit Apartment Building $1,599,000 ($533,000/Unit) 4.53% Cap Rate Petaluma, CA 94952

3 units on .27 acre in West Petaluma! Sweet remodeled vintage 2br/1ba home tucked away from the street, large area of undeveloped level land surrounded by mature trees, and a classic Petaluma 2-story Victorian duplex on the boulevard generating $4850/mo total rents. The cottage-style home features wood paneled walls and ceilings, hardwood floors, and a cozy gas fireplace in the living room, with views of heritage oak trees from the kitchen and back bedroom. Newly remodeled kitchen and bath with subway tile, quartz counters, full sized W/D and car charger make this a perfect weekend getaway, primary residence or rental unit. Behind the new redwood gate and fence, find a huge (approx 5000sf) private open space: room to develop your epic garden, park your airstream or even build another home for multi-gen living. The Victorian duplex at the front of the property includes 1br/1ba upstairs ($2000/mo) and 2br/1ba downstairs ($2540/mo), and retains many historic details and materials, high ceilings, and much original millwork. The upstairs unit captures views to the east of the Sonoma mountains and oak trees to the west, with lovely coved ceilings in the living room and bedroom. Between the 2 buildings, find a 600sf garage/storage building (one spot rented for $310/month), and plenty of room for off street driveway parking. Flexible M2 zoning would accommodate future business use with valuable street frontage/signage opportunity (buyer to verify intended use). Restaurant? Retail? Wine tasting? The quickly evolving PBS corridor is home to popular shops and restaurants including Table Culture Provisions, Metro Hotel, Mystic Theater, Walnut Park Farmer's Market, Theater Square, and the upcoming proposed EKN Hotel Project. Just blocks from historic downtown, Petaluma's riverfront businesses, and multiple parks, the location lends itself to a walkable, bikeable lifestyle in the heart of Petaluma's historic west side.