Estimated payment $29,575/month
Highlights
- 0.42 Acre Lot
- Landscaped
- Level Lot
- Petaluma Junior High School Rated A-
- Coin Laundry
- No Heating
About This Home
Seller is offering financing at 70% LTV T 4.5% FOR 3 Years. 703 B Street offers a truly one-of-a-kind opportunity to acquire a character-rich, income-producing multifamily asset in the heart of West Petaluma, where properties of this scale, design, and setting rarely come to market. Situated on a prominent 0.42-acre corner parcel just a few blocks from downtown Petaluma, the property comprises 14 apartment homes thoughtfully arranged across 7 separate buildings, creating a low-density, cottage-style community that is nearly impossible to replicate under today's development standards. Encompassing approximately 9,360 square feet, the property features a diversified unit mix of (3) studios, (8) 1BR/1BA, and (3) 2BR/1BA units, providing broad tenant appeal and stable rental income. Mature landscaped common grounds further enhance the property's residential charm, creating an inviting outdoor environment and a true sense of community. Unlike conventional apartment complexes, the7-building layout offers exceptional privacy, generous separation between residences, and a neighborhood feel that continues to drive strong tenant demand and long-term occupancy. Just a short walk from downtown Petaluma's acclaimed restaurants, boutiques, entertainment, and riverfront, the property also enjoys convenient access to Highway 101 and major employment centers throughout the North Bay. Combined with West Petaluma's limited housing supply and significant barriers to new development, 703 B Street represents a rare opportunity to own an irreplaceable multifamily asset with enduring investment appeal.
Listing Agent
Engel & Voelkers San Francisco License #DRE #02205096 Listed on: 06/30/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1908
Lot Details
- 18,430 Sq Ft Lot
- Landscaped
- Level Lot
Parking
- Off-Street Parking
Interior Spaces
- 9,360 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 14 Bedrooms
- 4 Full Bathrooms
Utilities
- No Heating
Community Details
Building Details
- 13 Leased Units
- 1 Vacant Unit
Additional Features
- 14 Units
- Coin Laundry
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,575 | $645,611 | $169,057 | $476,554 |
| 2024 | $7,061 | $632,577 | $165,743 | $466,834 |
| 2023 | $7,061 | $620,269 | $162,494 | $457,775 |
| 2022 | $6,835 | $608,202 | $159,308 | $448,894 |
| 2021 | $6,715 | $596,852 | $156,185 | $440,667 |
| 2020 | $6,767 | $590,307 | $154,584 | $435,723 |
| 2019 | $6,686 | $578,827 | $151,553 | $427,274 |
| 2018 | $6,662 | $567,573 | $148,582 | $418,991 |
| 2017 | $6,530 | $557,019 | $145,669 | $411,350 |
| 2016 | $6,374 | $545,721 | $142,813 | $402,908 |
| 2015 | $6,287 | $537,597 | $140,668 | $396,929 |
| 2014 | $6,258 | $527,161 | $137,913 | $389,248 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/30/2026 06/30/26 | For Sale | $5,390,000 | -- | $576 / Sq Ft |
Source: San Francisco Association of REALTORS®
MLS Number: 326056629
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