Investment opportunity with this multi-family property built in 1912. Each of the 6 units showcases individual character and potential for customization. This income property boasts proximity to key local amenities. The property sits close to the historical heart of downtown Petaluma, surrounded by a variety of shopping and dining options, enriching the lifestyle of residents. Each unit features its unique charm and the property includes a security gate. Additionally, there is an outdoor parking area designated for residents. The property is being sold as-is, representing a chance for the right investor to capitalize on its potential and enhance its value. Discover the blend of historical allure and potential with this distinctive multi-family investment in a sought-after neighborhood of Petaluma.
Closed
$930,000
505 Petaluma Boulevard N, Petaluma, CA 94952
8beds
4,200sqft
Multi Family
Built in 1912
-- sqft lot
$1,217,000 Zestimate®
$221/sqft
$2,964 Estimated rent
Home value
$1,217,000
$998,000 - $1.47M
$2,964/mo
Zestimate® history
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$5,923/mo
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List your homeWhat's special
Unique charmIndividual characterSecurity gateOutdoor parking area
Zillow last checked:
Listing updated:
Listed by:
Tony Marks DRE #01078317 707-696-7641,
The Marks Company 707-696-7641,
Nena Meola DRE #01438993,
Town & Country Properties
Bought with:
Michael C Williams, DRE #01862062
Excellerate Real Estate
Julian Solano, DRE #01892549
Excellerate Real Estate
Source: BAREIS,MLS#: 325022097
Originating MLS: Sonoma
Originating MLS: SonomaFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 4
Heating
- Baseboard, Fireplace(s), Wall Furnace, Wood Stove
Cooling
- None
Appliances
- Included: Dishwasher, Free-Standing Refrigerator, Washer/Dryer
- Laundry: Laundry Closet
Features
- Unit 1 - Beds: 4, Baths: 4, Square Footage: 3200 | Unit 2 - Beds: 4, Baths: 2, Square Footage: 1600 | Unit 3 - Beds: 0, Baths: 0, Square Footage: 4200 | Unit 4 - Beds: 0, Baths: 0, Square Footage: 4200
- Flooring: Carpet, Simulated Wood, Tile
- Windows: Dual Pane Full, Window Coverings, Screens
- Has fireplace: Yes
Interior area
- Total structure area: 4,200
- Total interior livable area: 4,200 sqft
Property
Parking
- Total spaces: 12
- Parking features: Detached, Off Street, Side By Side, Uncovered
- Has garage: Yes
- Uncovered spaces: 12
Features
- Levels: One,Two
- Patio & porch: Balcony/Deck, Covered, Patio
- Fencing: Fenced
- Has view: Yes
- View description: City, Mountain(s)
Lot
- Size: 0.31 Acres
- Features: Private
Details
- Parcel number: 006091005000
- Special conditions: Offer As Is,Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Concrete
- Roof: Composition,Metal
Condition
- Year built: 1912
Utilities & green energy
- Electric: Separate Meters
- Gas: Separate Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, City, Electricity Connected, Internet Available
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Double Strapped Water Heater, Fire Extinguisher, Security Gate, Security Lights, Smoke Detector(s), Unguarded Gate
HOA
- Has HOA: No
Location
- Region: Petaluma
Financial & listing details
- Price per square foot: $221/sqft
- Tax assessed value: $785,000
- Annual tax amount: $9,101
- Date on market: 3/16/2025
- Tenant pays: Cable TV, Electricity, Gas, Sewer
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 12/16/2025 | Sold | $930,000-22.2%$221/sqft |
Source:  BAREIS #325022097 Report a problem | ||
| 12/1/2025 | Pending sale | $1,195,000$285/sqft |
Source: BAREIS #325022097 Report a problem | ||
| 11/3/2025 | Price change | $1,195,000-7.4%$285/sqft |
Source: BAREIS #325022097 Report a problem | ||
| 10/11/2025 | Listed for sale | $1,290,000-0.8%$307/sqft |
Source: BAREIS #325022097 Report a problem | ||
| 8/27/2025 | Contingent | $1,300,000$310/sqft |
Source: BAREIS #325022097 Report a problem | ||
| 8/22/2025 | Price change | $1,300,000-11.5%$310/sqft |
Source: BAREIS #325022097 Report a problem | ||
| 6/18/2025 | Price change | $1,469,000-5.2%$350/sqft |
Source: BAREIS #325022097 Report a problem | ||
| 5/22/2025 | Price change | $1,550,000-6.1%$369/sqft |
Source: BAREIS #325022097 Report a problem | ||
| 5/8/2025 | Price change | $1,650,000-5.7%$393/sqft |
Source: BAREIS #325022097 Report a problem | ||
| 4/1/2025 | Price change | $1,750,000-5.4%$417/sqft |
Source: BAREIS #325022097 Report a problem | ||
| 3/16/2025 | Listed for sale | $1,850,000+363.7%$440/sqft |
Source: BAREIS #325022097 Report a problem | ||
| 6/28/2013 | Listing removed | $399,000$95/sqft |
Source: Coldwell Banker Residential Brokerage - Petaluma #21313352 Report a problem | ||
| 6/13/2013 | Listed for sale | $399,000$95/sqft |
Source: Coldwell Banker Residential Brokerage - Petaluma #21313352 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,101 +378.5% | $785,000 +405.3% |
| 2024 | $1,902 +6.1% | $155,365 +2% |
| 2023 | $1,793 +0.8% | $152,320 +2% |
| 2022 | $1,779 +1.8% | $149,334 +2% |
| 2021 | $1,748 -0.8% | $146,406 +1% |
| 2020 | $1,762 +1.2% | $144,906 +2% |
| 2019 | $1,742 +0.4% | $142,066 +2% |
| 2018 | $1,735 +2% | $139,282 +2% |
| 2017 | $1,702 +2.8% | $136,552 +2% |
| 2016 | $1,655 | $133,876 +1.5% |
| 2015 | -- | $131,866 +2% |
| 2014 | -- | $129,284 +0.5% |
| 2013 | $156,810 | $128,701 +2% |
| 2012 | -- | $126,178 +2% |
| 2011 | -- | $123,705 +0.8% |
| 2010 | -- | $122,782 -0.2% |
| 2009 | -- | $123,074 +2% |
| 2008 | -- | $120,662 +2% |
| 2007 | -- | $118,297 +2% |
| 2006 | -- | $115,978 +2% |
| 2005 | -- | $113,705 +2% |
| 2004 | -- | $111,477 +1.9% |
| 2003 | -- | $109,432 +2% |
| 2002 | -- | $107,287 +2% |
| 2001 | -- | $105,184 +2% |
| 2000 | -- | $103,122 |
Find assessor info on the county website
Neighborhood: 94952
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Nearby schools
GreatSchools rating
- 4/10McKinley Elementary SchoolGrades: K-6Distance: 0.6 mi
- 4/10Petaluma Junior High SchoolGrades: 7-8Distance: 1 mi
- 8/10Petaluma High SchoolGrades: 9-12Distance: 0.9 mi
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Estimated market value
$1,217,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,217,000
- California
- Sonoma County
- Petaluma
- 94952
- 505 Petaluma Boulevard N
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