Fourplex Investment
For Sale
Contact for pricing
150-152 W 8th, Santa Rosa, CA 95401
Fourplex with three units in a front Victorian building and a detached rear cottage, each with separate electric meters.
Property Size2,579 SF
Price / SF$426.52
Days on Market110
Property Features for 150-152 W 8th
General Information
Standard status
Active
Size
2,579 SF
Property subtype
Multifamily
Net Operating Income
$63,467
Additional Details
Fenced Yard
Yes
Multifamily Units
4
Amenities
shared laundry
private laundry
fenced communal garden area
Building Details
Year Built
1892
Buildings
2
Units
4
Tenancy
Multi
Construction
Victorian
Listing Agency:
Berkshire Hathaway HomeServices Drysdale Properties San Rafael
Listed By:
Steve Level · License #CA 01184232
Source:
Crexi
Added: May 7
Changed: Aug 8
Last Checked: Aug 23 at 4:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Drysdale Properties San Rafael
Investment Insights
Based on property information with market context.
This fourplex includes a front Victorian triplex and a detached rear cottage, providing four residential units total. The front building features one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units, with shared laundry available for the triplex. At the rear, the detached 1-bedroom, 1-bath cottage has private laundry and has been utilized as a short-term rental unit.
Located in the West End neighborhood, the property sits just blocks from Downtown Santa Rosa. The setup includes separate electric meters and a fenced communal garden area shared on-site.
With distinct unit configurations across the main structure and detached cottage, the property offers a straightforward mix of shared-laundry triplex living at the front and private-laundry flexibility at the rear.
Located in the West End neighborhood, the property sits just blocks from Downtown Santa Rosa. The setup includes separate electric meters and a fenced communal garden area shared on-site.
With distinct unit configurations across the main structure and detached cottage, the property offers a straightforward mix of shared-laundry triplex living at the front and private-laundry flexibility at the rear.
Key Highlights
- Fourplex on a Year Built 1892 property in Santa Rosa’s West End, just blocks from Downtown Santa Rosa
- Front Victorian building has 3 units: one 2‑bedroom, 1‑bath and two 1‑bedroom, 1‑bath units
- Detached rear cottage includes a 1‑bedroom, 1‑bath unit with private laundry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,157
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,003,140
$1.0M
Cap Rate 7%
$716,529
$716.5K
Cap Rate 9%
$557,300
$557.3K
Market Conditions
NOI Build-Up for 2,579 SF
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.
Gross rent
$75.8K $29.40/SF
− Vacancy
−$4.2K −$1.62/SF
EGI
$71.7K $27.78/SF
− OpEx
−$21.5K −$8.33/SF
NOI
$50.2K $19.45/SF
Area
Santa Rosa, CA
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,003,140
Cap Rate 7%
$716,529
Cap Rate 9%
$557,300
Alternative Uses
Best Use
Multifamily LT 5
$716.5K
$627.0K – $836.0K
NOI $50,157 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$643.5K
$563.1K – $750.8K
NOI $45,048 @ 7.0% cap · market cap 4.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,980
Businesses Nearby
Explore this area
Business Placement
Demographics for 95401, CA
37,272
Population
14,281
Households
2.6
Avg Household Size
38
Median Age
28%
College-Educated
80%
High-School Grad
20.9 sq mi
ZIP Area
1,783
Density / Sq Mi
$93,513
Median Household Income
$45,630
Median Earnings
$1,978
Median Rent
$628,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex with three units in a front Victorian building and a detached rear cottage, each with separate electric meters.
Where is this quadplex located?
The property is located at 150-152 W 8th Santa Rosa, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fourplex on a Year Built 1892 property in Santa Rosa’s West End, just blocks from Downtown Santa Rosa; Front Victorian building has 3 units: one 2‑bedroom, 1‑bath and two 1‑bedroom, 1‑bath units; Detached rear cottage includes a 1‑bedroom, 1‑bath unit with private laundry
