Remodeled Duplex with
For Sale
$1,325,000
1524 Fair Oaks Court, Santa Rosa, CA 95404
Residential Income, Santa Rosa, CA
Property Size2,552 SF
Lot Size0.43 Acres
Price / SF$519.20
Days on Market69
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
Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 4, Bathroom 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
updated bathrooms
energy-efficient windows
indoor laundry facilities
detached two-car garage
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: Sep 18
Last Checked: Sep 22 at 6:06PM
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.
This Craftsman-style duplex property includes an approximately 1,800 sq. ft. main residence with 3 bedrooms and 2 bathrooms, along with a permitted approximately 700 sq. ft. ADU offering 1 bedroom and 1 bathroom. An additional approximately 450 sq. ft. studio/flex area expands the property’s usable configuration. Interior updates include stainless steel appliances, luxury vinyl plank flooring, updated bathrooms, energy-efficient windows, central heating and air conditioning, and indoor laundry in both the main residence and ADU.
Set beside a creek on 0.4327 acres, the property includes a detached two-car garage, workshop area, and storage. It is located near Memorial Hospital and within minutes of Downtown Santa Rosa and Montgomery Village, with shopping, dining, medical facilities, and everyday services nearby. Public water and public sewer serve the property.
Set beside a creek on 0.4327 acres, the property includes a detached two-car garage, workshop area, and storage. It is located near Memorial Hospital and within minutes of Downtown Santa Rosa and Montgomery Village, with shopping, dining, medical facilities, and everyday services nearby. Public water and public sewer serve the property.
Key Highlights
- Approximately 1,800 sq. ft. main residence with 3 bedrooms and 2 bathrooms
- Permitted approximately 700 sq. ft. ADU with 1 bedroom and 1 bathroom
- Additional approximately 450 sq. ft. studio/flex space
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
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Current Use
Lease Details
2
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences plus flexible studio space offer adaptable living, workspace, and guest accommodation options.
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: Approximately 1,800 sq. ft. main residence with 3 bedrooms and 2 bathrooms; Permitted approximately 700 sq. ft. ADU with 1 bedroom and 1 bathroom; Additional approximately 450 sq. ft. studio/flex space
