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.