A rare investment opportunity in desirable West Petaluma, 724 Liberty Road offers multiple residences situated on approximately 2.75 level, usable acres. The property features a diverse mix of rental units, multiple barns, expansive paved parking, and open acreage, creating a unique combination of established income and future potential. Several residences are currently tenant occupied, while additional vacant space provides flexibility for an owner, investor, or future tenant. Current rents offer meaningful upside, with projected market rents providing an attractive opportunity to increase income over time. The generous acreage and versatile improvements lend themselves to a variety of possibilities including long-term investment, multigenerational living, agricultural pursuits, hobby farming, or an owner-user configuration. Conveniently located near Liberty Elementary and just minutes from Historic Downtown Petaluma, Highway 101, shopping, dining, and Sonoma County wine country. An increasingly difficult-to-find combination of income, acreage, and versatility in Petaluma. Adjacent 720 Liberty Road is also available separately, creating an opportunity to acquire both parcels for a truly exceptional compound.
Active
$1,499,000
724 Liberty Road, Petaluma, CA 94952
6beds
--sqft
Multi Family
Built in 1947
-- sqft lot
$1,498,900 Zestimate®
$--/sqft
$-- HOA
What's special
Multiple barnsOpen acreageExpansive paved parkingGenerous acreageMultiple residences
- 39 days
- 1,933
- 114
Zillow last checked:
Listing updated:
Listed by:
Hayley Hand DRE #02127574,
Luxe Places International Real 707-744-3600
Source: BAREIS,MLS#: 326082509
Originating MLS: Sonoma
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 5
- Partial bathrooms: 1
Heating
- Central
Cooling
- None
Features
- Unit 1 - Beds: 2, Baths: 2, Square Footage: 880 | Unit 2 - Beds: 4, Baths: 2, Square Footage: 1620 | Unit 3 - Beds: 0, Baths: 0, Square Footage: 0 | Unit 4 - Beds: 0, Baths: 0, Square Footage: 0
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 18
- Parking features: Boat Storage, Carport, Guest, Open, RV Access/Parking, Uncovered
- Carport spaces: 2
- Uncovered spaces: 14
Lot
- Size: 2.75 Acres
- Features: Private
Details
- Parcel number: 113030032000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1947
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Petaluma
Financial & listing details
- Tax assessed value: $457,699
- Date on market: 9/30/2026
Estimated market value
$1,498,900
$1.42M - $1.57M
$2,910/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Listed for sale | $1,499,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $457,699 +2% |
| 2025 | $5,448 +4.3% | $448,725 +2% |
| 2024 | $5,223 +1.2% | $439,928 +2% |
| 2023 | $5,162 +1.5% | $431,303 +2% |
| 2022 | $5,085 +2.3% | $422,847 +2% |
| 2021 | $4,970 -0.5% | $414,556 +1% |
| 2020 | $4,996 +2% | $410,306 +2% |
| 2019 | $4,899 +5.4% | $402,262 +2% |
| 2018 | $4,646 | $394,376 +2% |
| 2017 | -- | $386,645 +2% |
| 2016 | $4,492 | $379,065 +1.5% |
| 2015 | -- | $373,372 +2% |
| 2014 | -- | $366,059 +0.5% |
| 2013 | $420,772 | $364,406 +2% |
| 2012 | -- | $357,262 +2% |
| 2011 | -- | $350,257 +0.8% |
| 2010 | -- | $347,640 -0.2% |
| 2009 | -- | $348,467 +2% |
| 2008 | -- | $341,636 +2% |
| 2007 | -- | $334,938 +2% |
| 2006 | -- | $328,372 +2% |
| 2005 | -- | $321,934 +2% |
| 2004 | -- | $315,622 +1.9% |
| 2003 | -- | $309,829 +2% |
| 2002 | -- | $303,755 +2% |
| 2001 | -- | $297,800 +2% |
| 2000 | -- | $291,960 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 94952
Nearby schools
Schools provided by the listing agent
- District: Liberty Union
Source: BAREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





