Located in San Rafael's Fair Hills Manor neighborhood, 40-44 Elizabeth Way offers three residences: two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Two residences are currently rented, while the vacant unit provides flexibility for a new tenant or a buyer looking to live in one residence while renting the others. The vacant residence features wood floors, a bright living and dining area, a fireplace, and built-in shelving. The kitchen includes white cabinetry, spacious countertops, a dishwasher, and an electric range. In-unit laundry adds everyday convenience, while a sliding glass door opens to the patio. With existing rental income, a versatile unit mix, a garage for each residence, and a large driveway providing additional parking, this triplex offers an appealing opportunity for investors and buyers seeking a home with rental income.
Multi-familyProperty Type
0.43 acresLot Size
$817Price/Sq.Ft.
3 garage spacesParking
Listed by Eric Morgan•DRE #01999265• Coldwell Banker Realty
Sun Valley, located between Terra Linda and downtown San Rafael, is a residential and hillside San Rafael neighborhood with winding canyon roads and oak-studded open space. The neighborhood’s character concentrates around the Sun Valley School campus and the nearby bend of San Anselmo Avenue, where morning drop-offs and dog-walk loops set the daily rhythm. Mid-century ranch homes and tucked-away cottages follow the contours of the valley, with trailheads threading into the surrounding ridgelines. The Marinwood Community Center and Pool reads as a local gathering point for laps, classes, and weekend events. Marinwood Market anchors the practical errands, while China Camp State Park frames the outdoor backdrop with bayfront trails and history.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Bedrooms
Five bedrooms across three units: one unit with one bedroom and two units with two bedrooms each
Bathrooms
Two full bathrooms reported across the first two units
Laundry & utility
Laundry in each unit
Heating & cooling
Central heating
No cooling
Exterior features
Landscaped front
Home design
Triplex
Parking
Six parking spaces, including a three-car garage
Attached, detached, and covered parking
Utilities
City utilities
Public sewer
HOA & community
No homeowners association
Electricity and solar
View estimated energy costs and solar savings for this home
The medium-density residential districts provide opportunities for a mixture of residential types, including detached single-family residences, duplexes and multifamily dwellings at medium densities. Desired styles of development within this district include garden apartments and condominiums.; Medium-density multifamily residential districts are included in the medium-density residential land use category with densities ranging from 2,000 sq ft to 3,000 sq ft per dwelling unit.
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Educational/school
Recreation
Park & open space
Climate risks
8/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 86° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
15 unhealthy days expected this year, 15 days in 30 years
Provided by First Street
Historical weather
San Rafael, CA • 94901
Average low and high temperatures (°F)
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52
62
47
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44
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Sun exposure
63/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
7.3 hrs
3.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 40 - 44 Elizabeth Way
$2,155,915
$5,915 over list price of $2.15M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.6M to $2.5M.