| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 81st | Good |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1747 Lincoln Ave, San Rafael, CA, 94901, US |
| Region / Metro | San Rafael |
| Year of Construction | 1973 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1747 Lincoln Ave San Rafael Multifamily Investment
This 35-unit property built in 1973 operates in a neighborhood with 96.3% occupancy and strong rental demand fundamentals. Commercial real estate analysis from WDSuite indicates median contract rents of $2,155 with 34% growth over five years.
The property sits in an inner suburb neighborhood ranked 19th among 58 San Rafael metro neighborhoods, earning a B+ rating. With 96.3% occupancy and a 48.4% rental share ranking in the 87th percentile nationally, the area demonstrates solid rental housing demand. Median contract rents of $2,155 have grown 34% over five years, while the rent-to-income ratio of 0.22 suggests manageable affordability pressure for tenant retention.
Built in 1973, this property aligns with the neighborhood's average construction year of 1956, indicating potential value-add opportunities through renovations and unit improvements. Demographics within a 3-mile radius show a median household income of $133,492, with 47% of housing units occupied by renters. The area benefits from strong amenity access, ranking in the 88th percentile nationally for cafe density and 94th percentile for childcare availability, supporting tenant appeal.
Home values averaging $1.45 million with a 21% five-year increase reinforce rental demand, as elevated ownership costs keep households in the rental market. Population forecasts through 2028 project modest growth with household formation increasing 30.8%, expanding the potential renter pool and supporting occupancy stability for multifamily properties.
Crime data for this specific neighborhood was not available in the current dataset. Investors should conduct independent due diligence on local safety conditions and trends as part of their underwriting process, including consultation with local law enforcement and review of recent incident reports in the immediate vicinity.
The San Francisco Bay Area employment base provides workforce housing demand, anchored by major corporate headquarters and offices within commuting distance of the property.
- Wells Fargo — financial services (14.9 miles) — HQ
- Ameriprise Financial — financial services (14.9 miles)
- Salesforce.com — technology (15.1 miles) — HQ
- McKesson — healthcare services (15.2 miles) — HQ
- PG&E Corp. — utilities (15.2 miles) — HQ
This 1973-vintage property offers value-add potential through unit renovations and capital improvements in a market with demonstrated rental demand strength. Neighborhood-level occupancy of 96.3% ranks in the top quartile regionally, while rent growth of 34% over five years indicates pricing power. According to CRE market data from WDSuite, the area's high rental share and strong amenity access support tenant retention and lease-up velocity.
Demographics within a 3-mile radius show household income growth of 33.8% over five years, with forecasted population and household increases through 2028 expanding the renter pool. The property's proximity to major Bay Area employment centers provides workforce housing appeal, though investors should monitor potential competition from new supply and evaluate capital expenditure requirements given the building's age.
- Strong neighborhood occupancy at 96.3% with top-quartile regional performance
- 34% rent growth over five years demonstrates pricing power
- Value-add opportunity through renovations of 1973-vintage units
- Proximity to major Bay Area employers supports workforce housing demand
- Risk: Property age requires evaluation of capital expenditure needs