Victorian Fourplex with Detached
For Sale
$1,100,000
152 W 8th St, Santa Rosa, CA 95401
Historic property offers varied unit layouts, individual electric metering, and separate laundry arrangements.
Property Size2,579 SF
Days on Market115
Property Features for 152 W 8th St
General Information
Standard status
Active
Size
2,579 SF
Property subtype
Investment
Units
Unit Mix
1 x 2BR/1BA, 3 x 1BR/1BA
Multifamily Units
4
Amenities
shared laundry
private laundry
separate electric meters
fenced communal garden area
Building Details
Building Size
2,579 SF
Year Built
1892
Buildings
2
Stories
2
Units
4
Listing Agency:
Berkshire Hathaway
(415) 747-2150
Listed By:
Steven Level · License #01184232
(415) 747-2150
Source:
Elliman
Added: May 9
Changed: Aug 29
Last Checked: Aug 30 at 6:29PM
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
Investment Insights
Based on property information with market context.
Built in 1892, this fourplex combines a Victorian-era front building with a separate cottage at the rear. The main structure contains one two-bedroom, one-bath residence and two one-bedroom, one-bath residences, with shared laundry serving the triplex. The detached cottage adds another one-bedroom, one-bath unit with its own laundry facilities and has been used as a short-term rental.
The property is at 152 W 8th St in Santa Rosa’s West End, within blocks of Downtown Santa Rosa. Separate electric meters serve the units, and the grounds include a fenced communal garden area. Walk Score is 99, BikeScore is 80, and Transit Score is 50, providing documented pedestrian, bicycle, and transit access characteristics.
The property is at 152 W 8th St in Santa Rosa’s West End, within blocks of Downtown Santa Rosa. Separate electric meters serve the units, and the grounds include a fenced communal garden area. Walk Score is 99, BikeScore is 80, and Transit Score is 50, providing documented pedestrian, bicycle, and transit access characteristics.
Key Highlights
- Four total units: one 2‑bedroom, 1‑bath residence and three 1‑bedroom, 1‑bath residences
- Front Victorian triplex paired with a detached rear cottage
- Detached cottage has private laundry and has been used as a short‑term rental
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Historic property offers varied unit layouts, individual electric metering, and separate laundry arrangements.
Where is this quadplex located?
The property is located at 152 W 8th St 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: Four total units: one 2‑bedroom, 1‑bath residence and three 1‑bedroom, 1‑bath residences; Front Victorian triplex paired with a detached rear cottage; Detached cottage has private laundry and has been used as a short‑term rental
