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For sale
  • $5,250,000

    8 Circle Road, San Rafael, CA 94903

    6beds
    1sqft
    : 
    Multi Family
    Built in 1999
    -- sqft lot
    $5,352,900 Zestimate®
    $5,250,000/sqft
    $-- HOA

    What's special

    Low-maintenance structure
    This exclusive Marin County single-tenant offering delivers secure, predictable cash flow backed by a long-term lease and minimal management requirements. At an asking price of $5,250,000, the investment produces a strong 6.04 cap rate based on actual NOI, positioning it as a compelling value opportunity in one of the Bay Area's most supply-constrained markets. Single-family residence with a long-term commercial tenant in place (10-year lease). The tenant recently renewed through 2035, demonstrating stability and commitment to the site. Annual rent increases provide built-in, inflation-protected income growth. With a Modified NNN lease, the tenant covers nearly all operating expenses, leaving the landlord responsible only for property taxes and structural items. This low-maintenance structure, combined with a current NOI of $317,015, makes the asset ideal for 1031 exchange buyers, private investors, and those seeking stable long-term cash flow with minimal oversight. Offering a rare blend of location, yield, and long-term stability, this Marin County asset stands out as one of the few opportunities delivering both quality and cash flow in today's market.
    11 days
    |
    419
    |
    4
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    Zillow last checked: 8 hours ago

    Listing updated: December 08, 2025 at 01:38am

    Listed by:

    Paul Cingolani DRE #01219494 415-726-9630,

    Berkshire Hathaway 415-329-6790

    Source: BAREIS,MLS#: 325100681MLS LogoOriginating MLS: Marin County

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 5
    • Full bathrooms: 4
    • Partial bathrooms: 1
    Heating
    • Central
    Cooling
    • MultiZone
    Appliances
    • Laundry: Other
    Features
    • Unit 1 - Beds: 0, Baths: 0, Square Footage: 8192 | Unit 2 - Beds: 0, Baths: 0, Square Footage: 8192 | Unit 3 - Beds: 0, Baths: 0, Square Footage: 8192 | Unit 4 - Beds: 0, Baths: 0, Square Footage: 8192
    Interior area
    • Total structure area: 1
    • Total interior livable area: 1 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Attached, Garage
    • Attached garage spaces: 1
    Features
    • Levels: One
    Lot
    • Size: 1.15 Acres
    • Features: Shape Regular
    Details
    • Parcel number: 17919105
    • Special conditions: Other

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1999

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: San Rafael

    Financial & listing details

    • Price per square foot: $5,250,000/sqft
    • Tax assessed value: $2,464,203
    • Date on market: 11/29/2025
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    Estimated market value

    $5,352,900

    $5.09M - $5.62M

    $7,161/mo

    Price history

    Price history
    DateEventPrice
    11/17/2025Listed for sale$5,250,000+61.5%$5,250,000/sqft
    Source: BAREIS #325098886 Report a problem
    12/4/2019Listing removed$3,250,000$3,250,000/sqft
    Source: BHHS Drysdale Properties #21913065 Report a problem
    12/3/2019Price change$3,250,000+8.4%$3,250,000/sqft
    Source: BHHS Drysdale Properties #21913065 Report a problem
    11/5/2019Price change$2,999,000-4%$2,999,000/sqft
    Source: Berkshire Hathaway Home Services Drysdale Properties #21913065 Report a problem
    10/1/2019Price change$3,125,000-3.8%$3,125,000/sqft
    Source: BHHS Drysdale Properties #21913065 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025-- $2,464,203 +2%
    2024$30,393 -1.1%$2,415,901 +2%
    2023$30,728 +4%$2,368,536 +2%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $32,768/mo
    Principal & interest
    $25986
    Property taxes
    $4944
    Home insurance
    $1838

      Climate risks

      Neighborhood: Rafael Meadows/Los Ranchitos

      Nearby schools

      GreatSchools rating
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