Craftsman Duplex with ADU and
For Sale
$1,325,000
1524 Fair Oaks Court, Santa Rosa, CA 95404
MULTI_FAMILY - Craftsman - Santa Rosa, CA
Property Size2,552 SF
Lot Size0.43 Acres
Price / SF$519.20
Days on Market23
Property Features for 1524 Fair Oaks Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 2
Parking
6
Parking features
Garage
Appliances
Dishwasher, Free-Standing Gas Range
Lot features
Court
Directions
4th Street to Talbot Avenue to Fair Oaks Court
Subdivision
Santa Rosa-Northeast
Standard status
Active
APN
009121024000
Size
2,552 SF
Lot size
0.43 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
stainless steel appliances
luxury vinyl plank flooring
energy-efficient windows
indoor laundry facilities
workshop area
ample storage
Building Details
Year built
1896
Number of units
2
Flooring type
Tile
Building materials
Wood Siding
Roof type
Composition
Architectural style
Craftsman
Listing Agency:
W Real Estate
(707) 591-0570
Listed By:
Pedersen Realty Group · License #01364524
(707) 756-2540
Added: Jul 16
Changed: Aug 4
Last Checked: Aug 7 at 1:06AM
MLS# 326055077
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.
Craftsman duplex property with two permitted living areas plus additional studio/flex space. The main residence is approximately 1,800 sq. ft. with 3 bedrooms and 2 bathrooms. A permitted approximately 700 sq. ft. ADU provides 1 bedroom and 1 bathroom, and there is an additional approximately 450 sq. ft. studio/flex space. All living spaces have been remodeled with modern updates while maintaining a country-charm feel, including energy-efficient windows, indoor laundry in both the main home and the ADU, and stainless steel appliances such as a dishwasher and a free-standing gas range. The home is serviced by central heating and central air.
The property backs to a creek and sits on a 0.4327-acre lot in Santa Rosa, Sonoma County. A detached two-car garage includes a workshop area and ample storage.
Built in 1896 with wood siding and a composition roof, the duplex connects to public water and public sewer.
The property backs to a creek and sits on a 0.4327-acre lot in Santa Rosa, Sonoma County. A detached two-car garage includes a workshop area and ample storage.
Built in 1896 with wood siding and a composition roof, the duplex connects to public water and public sewer.
Key Highlights
- Main residence approx 1,800 sq. ft with 3 bedrooms and 2 bathrooms
- Permitted ADU approx 700 sq. ft with 1 bedroom and 1 bathroom
- Additional studio/flex space approx 450 sq. ft
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
$49,632
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
3.75%
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%
$992,640
$992.6K
Cap Rate 7%
$709,029
$709.0K
Cap Rate 9%
$551,467
$551.5K
Market Conditions
NOI Build-Up for 2,552 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
$75.0K $29.40/SF
− Vacancy
−$4.1K −$1.62/SF
EGI
$70.9K $27.78/SF
− OpEx
−$21.3K −$8.33/SF
NOI
$49.6K $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%
$992,640
Cap Rate 7%
$709,029
Cap Rate 9%
$551,467
Alternative Uses
Best Use
Multifamily LT 5
$709.0K
$620.4K – $827.2K
NOI $49,632 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$636.8K
$557.2K – $743.0K
NOI $44,577 @ 7.0% cap · market cap 3.36%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 95404, CA
38,034
Population
16,850
Households
2.3
Avg Household Size
43
Median Age
45%
College-Educated
90%
High-School Grad
75.4 sq mi
ZIP Area
504
Density / Sq Mi
$102,802
Median Household Income
$57,388
Median Earnings
$1,890
Median Rent
$865,900
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?
Duplex - Craftsman duplex with remodeled main home plus a permitted ADU and added studio/flex space.
Where is this duplex located?
The property is located at 1524 Fair Oaks Court Santa Rosa, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Main residence approx 1,800 sq. ft with 3 bedrooms and 2 bathrooms; Permitted ADU approx 700 sq. ft with 1 bedroom and 1 bathroom; Additional studio/flex space approx 450 sq. ft
