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40 Elizabeth Way, 
San Rafael, CA 94901

$2,150,000


5

Beds


3

Baths


2,632

Sq Ft


Multi-Family

Active

Listed by

Eric Morgan

Last updated:

November 7, 2026, 05:46 AM

MLS#

326089899

Source:

CABAREIS

Company Logo

About This Home

40 Elizabeth Way

Three residences, existing rental income, and a place to call your own: 40-44 Elizabeth Way offers all three in San Rafael's desirable Forbes/Fair Hills Manor area. The triplex includes two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Offering flexibility for owner-occupants and investors alike, the property provides the opportunity to live in one residence while collecting rent from the other two to help offset ownership costs, or rent all three as an investment. Each residence offers wood floors, its own in-unit laundry, ample storage, and a private patio, providing everyday conveniences that appeal to homeowners and tenants alike. One move-in ready residence features a bright living and dining area and a fireplace. The kitchen includes white cabinetry, spacious countertops, a dishwasher, and an electric range. Large windows bring natural light into the living spaces, while a sliding glass door opens to the patio. Ideally situated to enjoy both downtown San Rafael and downtown San Anselmo, the property puts a variety of restaurants, cafs, boutiques, and everyday amenities within easy reach. Explore Fourth Street's local shops and arts scene, or head to San Anselmo for dining, shopping, and its charming downtown atmosphere. Each residence has a garage, and a large driveway provides plenty of parking, adding convenience to this versatile Marin triplex.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Price Summary

2,150,000

$816 per Sq. Ft.

MLS #:

326089899

Last Updated:

November 7, 2026, 05:46 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,632 Sq. Ft.


Structure

Structure

Building Area:

2,632 Sq. Ft.


Lot

Lot Size (Sq. Ft):

18,604


Finances & Disclosures

Finances

Price:

$2,150,000

Price per Sq. Ft:

$816 per Sq. Ft.

Source:CABAREIS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.