Active

$1,500,000

1041 3rd Street, Novato, CA 94945

8beds

4,000sqft

$10,394/mo

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Quadruplex

Built in 1968

-- sqft lot

$-- Zestimate^®

$375/sqft

$-- HOA

This home is also for rent. View listing

What's special

Covered parkingLevel parcelIn-unit laundryExposed beam ceilings

Centrally located in the heart of Downtown Novato, Third Street Apartments is a well-maintained 4-unit property featuring spacious 2-bedroom units setback on a level parcel in coveted Marin County. This midcentury gem includes exposed beam ceilings, in-unit laundry, dishwashers, covered parking, tenant storage, several fenced patios or decks, and updated electrical. Third Street Apartments offers a rare investment opportunity with strong fundamentals and substantial upside potential in a highly desirable location.

33 days
564
36

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Central, Fireplace(s), Wall Furnace

Cooling

None

Appliances

Included: Dishwasher, Free-Standing Electric Oven, Free-Standing Electric Range, Free-Standing Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Varies By Unit, Washer/Dryer
Laundry: In Unit

Features

Unit 1 - Beds: 0, Baths: 0, Square Footage: 4000 | Unit 2 - Beds: 8, Baths: 4, Square Footage: 4000 | Unit 3 - Beds: 0, Baths: 0, Square Footage: 4000 | Unit 4 - Beds: 0, Baths: 0, Square Footage: 4000
Flooring: Carpet, Laminate, Tile
Has fireplace: Yes

Interior area

Total structure area: 4,000
Total interior livable area: 4,000 sqft

Property

Parking

Total spaces: 7
Parking features: Carport, Garage, Off Street, Open, On Street
Garage spaces: 1
Carport spaces: 3
Uncovered spaces: 3

Features

Stories: 2
Patio & porch: Balcony/Deck, Enclosed

Lot

Size: 7,501 Square Feet
Features: Shape Regular

Details

Parcel number: 14126134
Special conditions: Offer As Is

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Materials

Block, Concrete, Wood Siding
Foundation: Concrete, Slab
Roof: Flat

Condition

Year built: 1968

Utilities & green energy

Electric: Separate Meters
Gas: Separate Meters
Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Novato

Financial & listing details

Price per square foot: $375/sqft
Tax assessed value: $713,911
Date on market: 9/9/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/10/2026	Listed for rent	$2,650$1/sqft
Source: Zillow Rentals Report a problem
9/9/2026	Listed for sale	$1,500,000+669.2%$375/sqft
Source: BAREIS #326076896 Report a problem
2/3/1999	Sold	$195,000-52.7%$49/sqft
Source: Public Record Report a problem
1/14/1994	Sold	$412,500$103/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	--	$713,911 +2%
2025	$12,132 +2.1%	$699,945 +2%
2024	$11,879 +2.4%	$686,253 +2%
2023	$11,602 +2.6%	$672,829 +2%
2022	$11,311 +0.2%	$659,668 +2%
2021	$11,292 +1.3%	$646,766 +1%
2020	$11,151 +4.6%	$640,155 +2%
2019	$10,666 +1.8%	$627,634 +2%
2018	$10,473 +2.1%	$615,361 +2%
2017	$10,255 +6.7%	$603,330 +2%
2016	$9,610 +2%	$591,533 +1.5%
2015	$9,419 +3%	$582,674 +2%
2014	$9,148	$571,292 +0.5%
2013	--	$568,720 +2%
2012	--	$557,601 +2%
2011	--	$546,699 +0.8%
2010	--	$542,627 -0.2%
2009	--	$543,914 +2%
2008	--	$533,284 +2%
2007	--	$522,859 +2%
2006	--	$512,640 +2%
2005	--	$502,622 +2%
2004	--	$492,802 +2.2%
2003	--	$482,203 +2%
2002	--	$472,748 +2%
2001	--	$463,482