About this home

A rare investment opportunity in desirable West Petaluma, 724 Liberty Road offers multiple residences situated on approximately 2.75 level, usable acres. The property features a diverse mix of rental units, multiple barns, expansive paved parking, and open acreage, creating a unique combination of established income and future potential. Several residences are currently tenant occupied, while additional vacant space provides flexibility for an owner, investor, or future tenant. Current rents offer meaningful upside, with projected market rents providing an attractive opportunity to increase income over time. The generous acreage and versatile improvements lend themselves to a variety of possibilities including long-term investment, multigenerational living, agricultural pursuits, hobby farming, or an owner-user configuration. Conveniently located near Liberty Elementary and just minutes from Historic Downtown Petaluma, Highway 101, shopping, dining, and Sonoma County wine country. An increasingly difficult-to-find combination of income, acreage, and versatility in Petaluma. Adjacent 720 Liberty Road is also available separately, creating an opportunity to acquire both parcels for a truly exceptional compound.

Facts and features

Schools

• Liberty Elementary School

  elementary · 1-6 · 0.9 mi

  9

• Petaluma Junior High School

  middle · 7-8 · 3.4 mi

  4

• Petaluma High School

  high · 9-12 · 4.0 mi

  8

• Family Life Center/Larry M. Simmons High

  middle · 7-12 · 0.9 mi

• Heartwood Charter

  elementary · K-12 · 0.9 mi

  7

• Liberty Primary School

  elementary · K-1 · 0.9 mi

Price history

• Oct 1, 2026 · Listed$1,499,000

Tax history

• 2025$5,447 tax · $457,699 assessed
• 2024$5,223 tax · $448,725 assessed
• 2023$5,162 tax · $431,303 assessed
• 2022$5,085 tax · $422,847 assessed
• 2021$4,970 tax · $414,556 assessed
• 2020$4,996 tax · $410,306 assessed
• 2019$4,899 tax · $402,262 assessed
• 2018$4,646 tax · $394,376 assessed

Home value

$1,406,500

• Cotality$1,406,500
• Quantarium$1,431,862
• Collateral Analytics$1,298,000

Where it is