Duplex With Two Detached
For Sale
$719,900
227 Hewett Street, Santa Rosa, CA 95401
Two separate residences share a fenced corner lot near DeMeo Park, Railroad Square, and the Smart Train station.
Property Size1,650 SF
Price / SF$436.30
Days on Market134
Property Features for 227 Hewett Street
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Multi-Family
Additional Details
Asking Price
$719,900
Public Transit
Yes
Multifamily Units
2
Amenities
Central Air, Ceiling Fan(s)
3
Laminate, Carpet
Range/Oven Free Standing, Range Hood, Microwave, Dryer, Washer
Awning
Rear, Front
Front Porch
Outbuildings. Corner Lot. Fenced Yard.
Park
Freestanding, Street Lights, Shed. Corner, Flag Lot, 2 Houses / 1 Lot.
Building Details
Year Built
1904
Buildings
2
Listing Agency:
Century 21 Epic
(707) 360-8274
Listed By:
Mari Giblin · License #01465954
(707) 360-8274
Source:
Xome
Added: Apr 20
Changed: Aug 30
Last Checked: Aug 30 at 8:23PM
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 Century 21 Epic
Investment Insights
Based on property information with market context.
This duplex property consists of two detached residences arranged on one lot, with a combined property size of 1,650 and original construction dating to 1904. Each home includes a living room, an eat-in kitchen with appliances, a separate laundry area with washer and dryer, and a bathroom with a shower-over-tub configuration. Central air, ceiling fans, laminate and carpet flooring, awnings, porches, and fenced yard areas are among the reported improvements. One residence includes one bedroom plus an additional room used as a bedroom without a closet.
Located at 227 Hewett Street in Santa Rosa’s Historical Railroad Square area, the property is positioned near DeMeo Park and the businesses, restaurants, bakeries, and shops of Railroad Square. The Smart Train station is also nearby. Exterior features include a corner lot, front and rear areas, a shed, outbuildings, street lighting, and a flag-lot configuration.
Located at 227 Hewett Street in Santa Rosa’s Historical Railroad Square area, the property is positioned near DeMeo Park and the businesses, restaurants, bakeries, and shops of Railroad Square. The Smart Train station is also nearby. Exterior features include a corner lot, front and rear areas, a shed, outbuildings, street lighting, and a flag-lot configuration.
Key Highlights
- Two detached homes configured on one lot
- Combined property size of 1650; constructed in 1904
- Each residence has a living room, eat‑in kitchen, appliances, laundry area, and shower‑over‑tub bath
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
$32,089
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
4.46%
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%
$641,780
$641.8K
Cap Rate 7%
$458,414
$458.4K
Cap Rate 9%
$356,544
$356.5K
Market Conditions
NOI Build-Up for 1,650 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
$48.5K $29.40/SF
− Vacancy
−$2.7K −$1.62/SF
EGI
$45.8K $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%
$641,780
Cap Rate 7%
$458,414
Cap Rate 9%
$356,544
Alternative Uses
Best Use
Multifamily LT 5
$458.4K
$401.1K – $534.8K
NOI $32,089 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$411.7K
$360.3K – $480.4K
NOI $28,821 @ 7.0% cap · market cap 4.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,713
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 separate residences share a fenced corner lot near DeMeo Park, Railroad Square, and the Smart Train station.
Where is this duplex located?
The property is located at 227 Hewett Street Santa Rosa, CA.
What is the asking price?
The asking price for this property is $719,900.
What are key features of this property?
This property features: Two detached homes configured on one lot; Combined property size of 1650; constructed in 1904; Each residence has a living room, eat‑in kitchen, appliances, laundry area, and shower‑over‑tub bath
