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506-508 Spring St, Sausalito, CA 94965

$2,375,000
•
4
bed
4
bath
3,152
Sqft ($753/Sqft)

Multi-family for sale 4 days

Movoto is helping 6 homebuyers near you

About 506-508 Spring St

Property type Multi-family

Neighborhood

Year built 1955

HOA fee $0/month

Lot size 6,000 Sqft

Movoto estimate

Property description

Investment Opportunity in the Heart of Sausalito! Discover a legacy building offering four well-maintained 1BR/1BA units, each with a deck. Every unit has been upgraded over the years with newer kitchens and baths, fresh paint within the last three years, and floors that have been refinished or newly installed. Residents enjoy four covered parking spaces plus four additional tandem, uncovered spots, along with private in-unit laundry and dedicated storage for each home. The large shared backyard is perfect for relaxing or hosting a weekend BBQ. Ideal for owner-occupants and investors alike, all four units are currently rentedthree on flexible month-to-month terms. There's also exciting upside potential with possible ADU and/or condo conversion (buyer to verify). Unbeatable location: one block to the bus, a 15-minute stroll to the ferry, and quick access to San Francisco via Highways 101 and 580. Surrounded by Sausalito's beloved restaurants and shopsand some of the best views in all of Marin.

Listed by

Listing Agent - Katie Wigington

Listing Office - Compass

Source: BAREIS

MLS#326051446 • last updated 4 days ago

Movoto checked BAREIS for data 40 minutes ago

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Overview
Cooling/AC	None
Heating	Wall Furnace
Levels/Style	0, Mid-Century
SqFt	3152
SubType	Quadruplex
Type	Residential Income
Year Built	1955
MLS #	326051446
Status	Active
On Market Date	2026-06-12
Lot Size (Acres)	0.1377
Lot Size (SqFt)	6000
Condition	Varies By Unit

Interior
Laundry	Laundry Closet
Flooring	Varies By Unit
Appliances	Disposal, Free Standing Electric Range, Free Standing Refrigerator, Gas Water Heater, Varies By Unit, See Remarks

Exterior
# Tandem Parking Spaces	4
# Covered Spaces	4
# Parking Spaces	8
Parking	Covered, Uncovered
# Carport Spaces	4
# Open Parking Spaces	4
Exterior Features	Fenced Yard, Yard Space
Lot Desc	Shape Regular

Amenities / Utilities
Water Source	Water District
Green Features: Energy Efficient	Roof
Sewer/ Septic	Public Sewer
Security Features	Carbon Mon Detector, Fire Extinguisher, Smoke Detector

Location
Area	Sausalito
County	Marin
APN	064-135-02

Multifamily Details
# of 1-BR Occupied	4
Unit 2: # Bedrooms	1
1-BR: Rent Range	2900-3225
Unit 4: # of Rooms	2
Unit 4: # Bedrooms	1
Unit 2: # Full Bathrooms	1
Unit 3	Tenant Occupied: 788 Sf 1B/1BA, Kitchen Living /dining - Leased Thru December 14th 2025
Unit 4: # Full Bathrooms	1
1-BR: % Occupied	100
Unit 2: # of Rooms	2
Unit 1	506A Tenant Occupied 788 Sf 1B/1BA, Lease Expires: August 14th 2025
Unit 1: # Full Bathrooms	1
Unit 3: # Bedrooms	1
Unit 4	Tenant Lease 788 Sf 1B/1BA, Kitchen Living /dining - Currently Month To Month
Unit 2	Tenant Occupied M/M 788 Sf 1B/1BA, Kitchen Living /dining - Currently Month To Month
Unit 3: # Full Bathrooms	1
Unit 3: # of Rooms	2
Unit 1: # Bedrooms	1
Unit 1: # of Rooms	2
# of Units	4
# of 1-Bedroom Units	4
Total # of Buildings	1
Separate Meters	Electricity, Gas, Water
Tenant Pays	Cable TV, Electricity, Gas, Trash Collection, Water
Gross Scheduled Income $	143700
Cap Rate	4.17