Sold for $1,050,000
$1,050,000
1893 Lincoln Avenue, San Rafael, CA 94901
6beds
--sqft
Multi Family
Built in 1959
-- sqft lot
$1,190,900 Zestimate®
$--/sqft
$3,795 Estimated rent
Home value
$1,190,900
$1.13M - $1.25M
$3,795/mo
Zestimate® history
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Owner options
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What's special
Reduced $100,000!! For investors seeking a stabilized asset with proven income and additional upside through renovations and rent growth. 1893 Lincoln Ave is a prime opportunity in one of the Bay Area's most resilient rental markets. This building presents a rare investment opportunity in the heart of Central San Rafael. This well-maintained 6-unit multifamily property is comprised entirely of 1-bedroom, 1-bathroom units, offering consistency in layout and strong renter demand. Each unit is currently occupied, providing immediate cash flow for the next owner. Two of the units have been thoughtfully updated and are achieving rents near market value, showcasing the income potential available with further improvements. The property is priced attractively at $1,395,000 ($232,500 per unit) with an in-place 4.4% CAP rate, making it an attractive multifamily offering in Marin County. San Rafael continues to be one of the most desirable rental markets in the North Bay due to its central location, strong job base, and excellent transit access. The property sits just off Highway 101, offering quick connectivity to the rest of Marin, Sonoma, and San Francisco. Also minutes from SMART Train, downtown San Rafael, shopping, and local dining, further enhancing tenant appeal.
Zillow last checked: 8 hours ago
Listing updated: January 02, 2026 at 01:08am
Listed by:
Nick Saribalis DRE #01948067 415-302-0923,
Golden Gate Sotheby's Internat 415-456-1200
Bought with:
Nick Saribalis, DRE #01948067
Golden Gate Sotheby's Internat
Source: BAREIS,MLS#: 325082131
Originating MLS: Marin County
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 4
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: Coin Operated
Features
- Unit 1 - Beds: 6, Baths: 6, Square Footage: 3150 | Unit 2 - Beds: 0, Baths: 0, Square Footage: 0 | 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: 6
- Parking features: Carport, Covered
- Carport spaces: 5
Features
- Levels: Two
Lot
- Size: 7,553 sqft
- Features: None
Details
- Parcel number: 01102303
- Special conditions: Offer As Is,Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Water District
Community & neighborhood
Location
- Region: San Rafael
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 12/30/2025 | Sold | $1,050,000-18.9% |
Source: | ||
| 11/29/2025 | Pending sale | $1,295,000 |
Source: | ||
| 10/22/2025 | Price change | $1,295,000-7.2% |
Source: | ||
| 9/15/2025 | Listed for sale | $1,395,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $31,866 +2.8% | $1,909,037 +2% |
| 2024 | $31,003 +114.5% | $1,871,652 +242.4% |
| 2023 | $14,455 +3.3% | $546,653 +2% |
Find assessor info on the county website
Neighborhood: Lincoln/San Rafael Hill
Nearby schools
GreatSchools rating
- 7/10Coleman Elementary SchoolGrades: K-5Distance: 0.9 mi
- 6/10James B. Davidson Middle SchoolGrades: 6-8Distance: 1.6 mi
- 6/10San Rafael High SchoolGrades: 9-12Distance: 1.5 mi
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