Duplex with Attached
New
For Sale
$2,100,000
2278 Olivet Ln, Santa Rosa, CA 95401
Owned solar, a detached garage, and a barn with stalls support a range of residential uses.
Property Size3,284 SF
Lot Size2.87 Acres
Price / SF$639.46
Days on Market4
Property Features for 2278 Olivet Ln
General Information
Standard status
Active
Size
3,284 SF
Total Parking Spaces
2
Lot size
2.87 Acres
Property subtype
Duplex
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/3BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
owned solar
expansive deck
mature fruit trees
barn
Building Details
Year Built
1983
Listing Agency:
W Real Estate
Listed By:
Julianna Labra
(707) 479-9559
Source:
Sonomacountycahomes
Added: Oct 30
Last Checked: Oct 30 at 3:19PM
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 W Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 2278 Olivet Lane in Santa Rosa, this duplex property combines a remodeled main residence with an attached, separately addressed ADU. The main home offers three bedrooms, three full bathrooms, and a dedicated office; the ADU has one bedroom and one bathroom. Together, the property contains approximately 3,284 square feet of remodeled living space. Owned solar, a detached two-bay garage, and a barn with stalls, power, and water add to the improvements.
The property spans approximately 2.87 usable acres adjacent to a vineyard in the Russian River Valley AVA. A water storage tank and mature lemon, pomegranate, and persimmon trees are also on site. Zoning allows vacation rental use, subject to Permit Sonoma requirements and approvals. The property was built in 1983 and is not in a high fire hazard severity zone.
The property spans approximately 2.87 usable acres adjacent to a vineyard in the Russian River Valley AVA. A water storage tank and mature lemon, pomegranate, and persimmon trees are also on site. Zoning allows vacation rental use, subject to Permit Sonoma requirements and approvals. The property was built in 1983 and is not in a high fire hazard severity zone.
Key Highlights
- Two residential units: a three‑bedroom, three‑bathroom main home and attached one‑bedroom, one‑bathroom ADU
- Approximately 3,284 square feet of remodeled living space
- Approximately 2.87 usable acres adjacent to a vineyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,868
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,360
$1.3M
Cap Rate 7%
$912,400
$912.4K
Cap Rate 9%
$709,644
$709.6K
Market Conditions
NOI Build-Up for 3,284 SF
Gross rent
$96.5K $29.40/SF
− Vacancy
−$5.3K −$1.62/SF
EGI
$91.2K $27.78/SF
− OpEx
−$27.4K −$8.33/SF
NOI
$63.9K $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 Rate 5%
$1,277,360
Cap Rate 7%
$912,400
Cap Rate 9%
$709,644
Alternative Uses
Best Use
Multifamily LT 5
$912.4K
$798.4K – $1.06M
NOI $63,868 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$819.5K
$717.0K – $956.1K
NOI $57,363 @ 7.0% cap · market cap 2.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
37
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
Frequently Asked Questions
What type of property is this?
Duplex - Owned solar, a detached garage, and a barn with stalls support a range of residential uses.
Where is this duplex located?
The property is located at 2278 Olivet Ln Santa Rosa, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Two residential units: a three‑bedroom, three‑bathroom main home and attached one‑bedroom, one‑bathroom ADU; Approximately 3,284 square feet of remodeled living space; Approximately 2.87 usable acres adjacent to a vineyard
