Duplex with Side-by-Side
For Sale
$749,000
Pending
1644 Jennings Avenue, Santa Rosa, CA 95401
Two residential units include ceiling fans, wall furnaces, and kitchens equipped with freestanding ranges and refrigerators.
Property Size1,652 SF
Days on Market37
Property Features for 1644 Jennings Avenue
General Information
Standard status
Pending
Size
1,652 SF
Total Parking Spaces
6
Property subtype
Residential Income
Amenities
Ceiling Fan(s)
Wall Furnace, Natural Gas
Disposal, Free-Standing Electric Range, Free-Standing Refrigerator, Gas Water Heater
Attached, Carport, Side By Side
Traditional
Building Details
Year Built
1962
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Bryan C. Murphy · License #01966424
(707) 230-9623
Source:
Evrealestate
Added: Aug 21
Changed: Sep 26
Last Checked: Sep 26 at 3:04PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 1962, this duplex contains 1,652 square feet and has a traditional exterior. Interior features include ceiling fans and natural-gas wall furnaces. Kitchen equipment includes a disposal, freestanding electric range, freestanding refrigerator, and gas water heater.
The property has an attached carport with side-by-side parking. It is located at 1644 Jennings Avenue in Santa Rosa, Sonoma County. Directions are via College Avenue, N Dutton Avenue, and Jennings Avenue.
The property has an attached carport with side-by-side parking. It is located at 1644 Jennings Avenue in Santa Rosa, Sonoma County. Directions are via College Avenue, N Dutton Avenue, and Jennings Avenue.
Key Highlights
- 1,652‑square‑foot duplex built in 1962
- Attached side‑by‑side carport
- Ceiling fans and natural‑gas wall furnaces
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
$32,128
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
4.29%
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%
$642,560
$642.6K
Cap Rate 7%
$458,971
$459.0K
Cap Rate 9%
$356,978
$357.0K
Market Conditions
NOI Build-Up for 1,652 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
$48.6K $29.40/SF
− Vacancy
−$2.7K −$1.62/SF
EGI
$45.9K $27.78/SF
− OpEx
−$13.8K −$8.33/SF
NOI
$32.1K $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%
$642,560
Cap Rate 7%
$458,971
Cap Rate 9%
$356,978
Alternative Uses
Best Use
Multifamily LT 5
$459.0K
$401.6K – $535.5K
NOI $32,128 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$412.2K
$360.7K – $480.9K
NOI $28,856 @ 7.0% cap · market cap 3.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,242
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?
Duplex - Two residential units include ceiling fans, wall furnaces, and kitchens equipped with freestanding ranges and refrigerators.
Where is this duplex located?
The property is located at 1644 Jennings Avenue Santa Rosa, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 1,652‑square‑foot duplex built in 1962; Attached side‑by‑side carport; Ceiling fans and natural‑gas wall furnaces
