732 Petaluma Boulevard

3 units on .27 acre in West Petaluma! A classic Petaluma 2-story Victorian duplex on the boulevard (both rented mo-to-mo), a sweet remodeled vintage 2br/1ba home tucked away from the street (potential rental, weekend getaway or primary residence!), and a large area of undeveloped level land surrounded by mature trees. Behind the new redwood gate and fence, find a huge (approx 5000sf) private open space: room to develop your epic garden, park your airstream or even build another home for multi-gen living. The Victorian duplex at the front of the property includes 1br/1ba upstairs ($2000/mo) and 2br/1ba downstairs ($2540/mo), and retains many historic details and materials, high ceilings, and much original millwork. The upstairs unit captures views to the east of the Sonoma mountains and oak trees to the west, with lovely coved ceilings in the living room and bedroom. Between the 2 buildings, find a 600sf garage/storage building (one spot rented for $310/month), and plenty of room for off street driveway parking. The cottage-style home features wood paneled walls and ceilings, hardwood floors, and a cozy gas fireplace in the living room, with views of heritage oak trees from the kitchen and back bedroom. Newly remodeled kitchen and bath with subway tile, quartz counters, full sized W/D and car charger make this a comfortable and stylish place to land (market rent potential approx $3000/mo). Potential annual total rental income of $94,000 with room to garden, play, expand cottage, or explore building additional units. Flexible M2 zoning would accommodate future business use with valuable street frontage/signage opportunity (buyer to verify intended use). Restaurant? Retail? Wine tasting? The quickly evolving PBS corridor is home to popular shops and restaurants including Table Culture Provisions, Metro Hotel, Mystic Theater, Walnut Park Farmer's Market, Theater Square, and the upcoming proposed EKN Hotel Project. Just blocks from historic downtown, Petaluma's riverfront businesses, and multiple parks, the location lends itself to a walkable, bikeable lifestyle in the heart of Petaluma's historic west side.

Days on Market

13 days

Current Status

Active

Original Price

List Price

$1,599,000

On Market Date

Sep 8, 2026

Property Type

2 Houses on Lot

Area

Petaluma West

Zip Code

94952

MLS ID

326076495

APN

008281047000

Year Built

1926

Stories in Building

2

Possession

Close Of Escrow, See Remarks

Data Source

BAREIS

Origin MLS System

Bed

5

Bath

3

Parking

5

Detached, Electric Vehicle Charging Station(s), Garage Faces Side, Uncovered Parking Space, Uncovered Parking Spaces 2+, See Remarks

SQ FT

2,656

SQ FT Source

Assessor Agent-Fill

Lot SQ FT

11,761.0

Lot Acres

0.27 Acres

Cooling

Window Unit(s)

Disclosures

Standard

Flooring

Carpet, Tile, Wood, See Remarks

Fire Place

Free Standing, Gas Piped, Gas Starter, Living Room

Heating

Fireplace(s), Floor Furnace, Gas, Wall Furnace, See Remarks

Laundry

Dryer Included, Washer Included, Other, See Remarks

Upper Level

Bedroom(s), Full Bath(s), Kitchen, Living Room

Main Level

Bedroom(s), Full Bath(s), Kitchen, Living Room

Views

Garden/Greenbelt, Hills

Possession

Close Of Escrow, See Remarks

Basement

None

Architectural Style

Bungalow, Cottage, Edwardian, Victorian, Vintage

Fee

$0

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

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