Well-Maintained Fourplex with Covered
For Sale
$1,245,000
406 Klute St, Santa Rosa, CA 95401
Four-unit mix with covered parking, private storage, and coin-operated laundry generating stated monthly gross rental income.
Property Size2,912 SF
Days on Market100
Property Features for 406 Klute St
General Information
Standard status
Active
Size
2,912 SF
Total Parking Spaces
7
Property subtype
Investment
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
4
Building Details
Building Size
2,912 SF
Year Built
1964
Units
4
Tenancy
Multi
Listed By:
Isaiah Chass
(707) 508-6390
Source:
Elliman
Added: Jul 11
Changed: Oct 7
Last Checked: Oct 16 at 9:43AM
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 Isaiah Chass
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Investment Insights
Based on property information with market context.
Welcome to 406 Klute St, a well-maintained fourplex offering an established rental unit mix of three 2-bedroom, 1-bathroom residences and one 1-bedroom, 1-bathroom residence. The property includes covered parking for four vehicles, three additional uncovered parking spaces, and private storage for each unit. Residents also have access to an on-site coin-operated laundry facility, adding convenience and an additional income stream.
Recent capital improvements include a new roof, new balconies, and updated staircases, supporting long-term durability and reducing near-term maintenance concerns. Low-maintenance landscaping is also in place to help support manageable operating expenses.
Convenient access to Highway 101 places the property just minutes from shopping and dining, downtown Santa Rosa, Santa Rosa Plaza, Coddingtown Shopping Center, Montgomery Village, Santa Rosa Junior College, and Santa Rosa High School.
Recent capital improvements include a new roof, new balconies, and updated staircases, supporting long-term durability and reducing near-term maintenance concerns. Low-maintenance landscaping is also in place to help support manageable operating expenses.
Convenient access to Highway 101 places the property just minutes from shopping and dining, downtown Santa Rosa, Santa Rosa Plaza, Coddingtown Shopping Center, Montgomery Village, Santa Rosa Junior College, and Santa Rosa High School.
Key Highlights
- Fourplex built in 1964 with a unit mix of three 2BD/1BA and one 1BD/1BA
- Stated gross rental income of $8,450 per month
- Parking includes covered spots for four vehicles, plus three additional uncovered parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,633
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,132,660
$1.1M
Cap Rate 7%
$809,043
$809.0K
Cap Rate 9%
$629,256
$629.3K
Market Conditions
NOI Build-Up for 2,912 SF
Gross rent
$85.6K $29.40/SF
− Vacancy
−$4.7K −$1.62/SF
EGI
$80.9K $27.78/SF
− OpEx
−$24.3K −$8.33/SF
NOI
$56.6K $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 Rate 5%
$1,132,660
Cap Rate 7%
$809,043
Cap Rate 9%
$629,256
Alternative Uses
Best Use
Multifamily LT 5
$809.0K
$707.9K – $943.9K
NOI $56,633 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$726.6K
$635.8K – $847.8K
NOI $50,865 @ 7.0% cap · market cap 4.09%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,725
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit mix with covered parking, private storage, and coin-operated laundry generating stated monthly gross rental income.
Where is this quadplex located?
The property is located at 406 Klute St Santa Rosa, CA.
What is the asking price?
The asking price for this property is $1,245,000.
What are key features of this property?
This property features: Fourplex built in 1964 with a unit mix of three 2BD/1BA and one 1BD/1BA; Stated gross rental income of $8,450 per month; Parking includes covered spots for four vehicles, plus three additional uncovered parking spaces
