86 Merrydale Road

Listed By CompassNew
Listed By CompassNew
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$1,350,000
4 beds1,918 sqft$704/sqft
86 Merrydale Rd, San Rafael, CA 94903
Est: $6,862/moGet pre-approved

Description

Exceptional Income-Producing Triplex with Significant Multifamily Development Potential Rare opportunity to acquire an income-producing asset with substantial upside on a 14,000+ square-foot lot offering outstanding multifamily development potential and convenient freeway access. This property presents an exceptional combination of immediate cash flow and long-term value creation. The current owner has completed several important pre-development milestones, including a architects feasibilty study,...Exceptional Income-Producing Triplex with Significant Multifamily Development Potential Rare opportunity to acquire an income-producing asset with substantial upside on a 14,000+ square-foot lot offering outstanding multifamily development potential and convenient freeway access. This property presents an exceptional combination of immediate cash flow and long-term value creation. The current owner has completed several important pre-development milestones, including a architects feasibilty study, soils report, boundary survey, and professionally designed architectural site plans featuring two alternative structural concepts for an eight-unit residential development, allowing a future owner to accelerate the development process. The existing property consists of three residential units: Detached two-bedroom, one-bath home, with a basement. Two attached one-bedroom, one-bath units, one of which includes a valuable additional room. Current gross rental income is $6,772.50 per month, with a recent appraisal indicating an estimated market rent of $7,535 per month. The property's unique ability to generate stable rental income during the planning, entitlement, and development process distinguishes it from vacant development sites. Beyond its investment appeal, the property has successfully served as a multigenerational family compound and offers flexibility for buyers seeking extended-family living, value-add income opportunities, or phased redevelopment. Properties offering this combination of current income, development readiness, and long-term appreciation potential are difficult to find. An exceptional opportunity for investors, developers, and 1031 exchange buyers seeking both immediate returns and future growth.
LISTING UPDATED: 08/18/2026 01:15 PM

Listing Agents

  1. David O'Brien

    David O'Brien

    Listing Agent

    Compass

    DRE #01832087

    P: (415) 342-1968

    M: (415) 948-3197

    CallText
  2. Deirdre O'Brien

    Deirdre O'Brien

    Alternative Listing Agent

    Compass

    DRE #01990538

    P: (415) 948-3197

    M: (415) 948-3197

    CallText

Property Details for 86 Merrydale Road

Status
Active
MLS #
326070549
Days on Compass
Listed Today
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Residential Income / Triplex
Year Built
1925
Lot Size
0.34 AC / 14,814 SF
County
Marin County
Architectural Style
Ranch
Cross Street
North San Pedro Rd
Total Parking Spaces
7

Location

Listing Courtesy of Compass, David O'Brien, DRE #01832087; Compass, Deirdre O'Brien, DRE #01990538
Add your commute

Building Information for 86 Merrydale Road

Stories-Residences-Year Built1925Building Size-Lot Size0.34 AC / 14,814 SF

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$6,862 per month

30 year fixed, 6.55% Interest

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Property Taxes

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HOA Dues

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Property Information for 86 Merrydale Road

Summary
Location and General Information
  • Area/District: San Rafael
  • Area Short Display: A2300
  • Directions to Property: 101 to North San Pedro Road to South on Merrydale
  • Area Long Display: San Rafael
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 179-143-01
School Information
  • School District (County): Marin
  • Elementary School District: San Rafael City Schools
  • Middle or Junior School District: San Rafael City Schools
  • Senior High School District: San Rafael City Schools
Parking
  • Parking Features: Covered
  • Carport Spaces: 2
  • Garage Spaces: 0
  • Open Parking Spaces: 5
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 1918.0
  • Square Footage Source: Assessor Auto-Fill
  • Year Built Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 14815.0
  • Lot Features: Corner
Property and Assessments
  • Picture Count: 20
  • Property Disclaimer: All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
  • Construction Materials: Block, Stucco, Wood
  • Actual or Scheduled: Actual
  • Gross Rent Multiplier: 0.0
Utilities
  • Sewer: Sewer Public
  • Water Source: Water District
  • Separate Meters: Electricity, Gas
  • Utilities: Electric, Natural Gas Connected, Sewer Connected
Interior and Exterior Features
Exterior Features
  • Foundation: Concrete Perimeter, Slab
  • Levels: One
  • Roof: Composition
  • # of Floors: 0
Interior Features
  • Heating: Central, Wall Furnace
  • Cooling: None
  • Flooring: Carpet, Tile, Wood
  • Laundry Features: Laundry Closet, Varies by Unit
  • # of Guest Space(s): 0
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 2
  • 1 Bedroom Rent Range: 1550-2625
  • 1 Bedroom Annual Occupancy: 100.00%
  • # of 1 Bedrooms Occupied: 2
2 Bedroom Unit
  • # of 2 Bedroom Units: 1
  • 2 Bedroom Rent Range: 3360
  • 2 Bedroom Annual Occupancy: 100.00%
  • # of 2 Bedrooms Occupied: 1
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Rent Range: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Rent Range: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $81,264.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 2
  • # Of Units Total: 3
  • # of Studio Units: 0
  • # Studios Occupied: 0
Unit 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Description: Front house. Two bedrooms plus a basement
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 1
  • Unit 1 # of Rooms: 5
  • Unit 1 Approx SqFt: 795
Unit 2
  • Unit 2 Bedrooms: 1
  • Unit 2 Description: Nearest the driveway. Maybe on cement slab.
  • Unit 2 Full Baths: 1
  • Unit 2 # of Rooms: 3
  • Unit 2 Approx SqFt: 438
Unit 3
  • Unit 3 Bedrooms: 1
  • Unit 3 Description: One bedroom plus another room with access to the exterior.
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 0
  • Unit 3 # of Rooms: 4
  • Unit 3 Approx SqFt: 725
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 0
  • Unit 4 Approx SqFt: 0

Property History for 86 Merrydale Road

DateEvent & SourcePriceAppreciation
Aug 18, 2026

Listed (Active)

REBAREIS #326070549

$1,350,000—
DateEvent & SourcePrice
08/18/2026

Listed (Active)

REBAREIS #326070549

$1,350,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 86 Merrydale Road

This home is within San Rafael City Elementary School District.
Rating
School
Type
Grades
Distance
Venetia Valley Elementary School
Public - K to 8
James B. Davidson Middle School
Public - 6 to 8
San Rafael High School
Public - 9 to 12
Terra Linda High School
Public - 9 to 12
Rating
School
Distance
Venetia Valley Elementary School
PublicK to 8

James B. Davidson Middle School
Public6 to 8

San Rafael High School
Public9 to 12

Terra Linda High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 86 Merrydale Road, San Rafael, CA 94903

86 Merrydale Road is a multi-family home for sale in San Rafael, CA 94903. This listing's school districts are San Rafael City High School District, San Rafael City Elementary School District. Nearby schools include Venetia Valley Elementary School, James B. Davidson Middle School and San Rafael High School. 86 Merrydale Road is a 4-bed, 4-bath, 1,918 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, David O'Brien, DRE #01832087; Compass, Deirdre O'Brien, DRE #01990538

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.