1927 Triplex with Updated
870 3rd Street Santa Rosa, CA 95404
New
For Sale
$850,000
MULTI_FAMILY - Other - Santa Rosa, CA
Property Size2,242 SF
Lot Size0.09 Acres
Price / SF$379.13
Days on Market7
Property Features for 870 3rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
- Parking
- 2
- Parking features
- Covered
- Standard status
- Active
- APN
- 009062016000
- Size
- 2,242 SF
- Lot size
- 0.09 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Wall Furnace, Baseboard
- Water source
- Public
Building Details
- Year built
- 1927
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Wood, Tile, Laminate
- Roof type
- Composition
- Architectural style
- Other
Listing Agency:
Keller Williams Realty
(707) 708-8157
Listed By:
Rhonda L Alderman · License #01292529
(707) 328-7653
Added: Jul 19
Last Checked: Jul 25 at 4:06AM
MLS# 326057838
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1927, this triplex offers three 1-bedroom, 1-bath units. Each unit includes a living room, interior laundry, and original hardwood floors. The property also features updated kitchens and bathrooms across the units.
Two units are located on a single-story layout, and Unit 3 is situated at the rear of the property. Unit 3 includes an additional finished room, providing extra flexible space. The property includes accessible features in Unit 3.
Shared amenities include a gravel driveway and a small shared backyard area, along with convenient street parking available through the City’s monthly residential permit program (confirm with the City). Recent improvements include replacement of the Unit 3 roof in 2020.
Two units are located on a single-story layout, and Unit 3 is situated at the rear of the property. Unit 3 includes an additional finished room, providing extra flexible space. The property includes accessible features in Unit 3.
Shared amenities include a gravel driveway and a small shared backyard area, along with convenient street parking available through the City’s monthly residential permit program (confirm with the City). Recent improvements include replacement of the Unit 3 roof in 2020.
Key Highlights
- 1927 vintage triplex with three 1‑bedroom, 1‑bath units
- Monthly rents of $2,150, $2,100, and $1,950 for the three units
- Unit 3 at the rear includes an additional finished room and accessible features
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.9k | $29.40 |
| − Vacancy | −$3.6k | −$1.62 |
| EGI | $62.3k | $27.78 |
| − OpEx | −$18.7k | −$8.33 |
| NOI | $43.6k | $19.45 |
2,242 SF · lease $29.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$622.9K
$545.0K – $726.7K
NOI $43,603 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$559.5K
$489.5K – $652.7K
NOI $39,162 @ 7.0% cap · market cap 4.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sonoma House Buyer
Real Estate Agency
FAQs
What type of property is this?
Triplex - Charming 1927 triplex with three 1-bedroom, 1-bath units, updated kitchens and baths, plus interior laundry in each unit.
Where is this triplex located?
The property is located at 870 3rd Street Santa Rosa, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1927 vintage triplex with three 1‑bedroom, 1‑bath units; Monthly rents of $2,150, $2,100, and $1,950 for the three units; Unit 3 at the rear includes an additional finished room and accessible features
