| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Best |
| Demographics | 88th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 216 Marin St, San Rafael, CA, 94901, US |
| Region / Metro | San Rafael |
| Year of Construction | 1975 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
216 Marin St San Rafael Multifamily Investment
This 35-unit property built in 1975 sits in a top-quartile San Rafael neighborhood with 96.8% occupancy rates and strong renter demographics, according to CRE market data from WDSuite.
The property occupies an Urban Core neighborhood ranking 4th among 58 metro neighborhoods, with an A-rating driven by exceptional amenity access and demographic strength. The area demonstrates robust rental fundamentals with neighborhood-level occupancy at 96.8%, ranking in the top quartile regionally and 82nd percentile nationally. Contract rents average $2,137 for one-bedroom units, reflecting the 93rd percentile nationally and supporting strong cash flow potential.
Demographics within a 3-mile radius show household income stability with a median of $141,816, while 46.4% of housing units are renter-occupied, creating consistent tenant demand. The neighborhood's construction vintage averages 1937, indicating this 1975 property offers relatively modern amenities compared to surrounding stock while presenting potential value-add opportunities through strategic renovations and unit improvements.
Amenity density ranks exceptionally well with nearly 30 restaurants per square mile (98th percentile nationally) and strong grocery access at 2.85 stores per square mile (89th percentile nationally). The area's cafe density and childcare availability both rank in the top tier regionally, supporting tenant retention through lifestyle convenience. Projected household growth of 32.8% through 2028 indicates expanding renter pool demand, while median rent forecasts suggest continued pricing power with rents expected to reach $3,241 by 2028.
The neighborhood demonstrates moderate safety metrics with property crime rates at 28.3 incidents per 100,000 residents, ranking 14th among 58 metro neighborhoods and placing in the 80th percentile nationally. Violent crime rates are notably lower at 9.5 incidents per 100,000 residents, ranking 18th regionally and 71st percentile nationally, indicating relatively stable security conditions for residents.
Recent trends show improving violent crime patterns with a 50% year-over-year decrease, ranking 6th best among metro neighborhoods for crime reduction. However, property crime has increased significantly over the past year, which investors should monitor for potential impacts on tenant retention and insurance costs. Overall crime metrics place the area above metro median for safety, supporting stable residential demand.
The San Francisco Bay Area employment base within 15 miles provides diverse corporate anchors supporting workforce housing demand, particularly in financial services and healthcare sectors.
- Wells Fargo — financial services (14.1 miles) — HQ
- Ameriprise Financial — financial services (14.2 miles)
- Salesforce.com — technology (14.3 miles) — HQ
- Pfizer — pharmaceuticals (14.4 miles)
- McKesson — healthcare services (14.4 miles) — HQ
This 35-unit property built in 1975 offers value-add potential in a high-performing San Rafael neighborhood with exceptional occupancy stability and demographic fundamentals. The Urban Core location ranks 4th among 58 metro neighborhoods with 96.8% occupancy rates well above regional averages, while strong amenity density and projected household growth of 32.8% through 2028 support sustained rental demand.
Commercial real estate analysis from WDSuite indicates this vintage property presents renovation upside in a neighborhood where average construction dates to 1937, allowing for competitive positioning through strategic improvements. With median household incomes at $141,816 and 46.4% renter occupancy, the tenant base demonstrates income stability while elevated home values at $1.4 million median reinforce rental market reliance over ownership transitions.
- High neighborhood occupancy at 96.8% indicates strong rental demand and lease retention potential
- Value-add opportunity through renovations in area where property is newer than 1937 neighborhood average
- Projected 32.8% household growth through 2028 supports expanding tenant pool and absorption
- Risk consideration: Recent property crime increases require monitoring for tenant retention impacts