Two-Home Duplex
For Sale
$850,000
476 Sonoma Ave, Santa Rosa, CA 95401
Two residences share one lot with separate utility meters, dedicated parking areas, and private outdoor spaces.
Property Size2,345 SF
Price / SF$362.47
Days on Market9
Property Features for 476 Sonoma Ave
General Information
Standard status
Active
Size
2,345 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
hot tub
laundry rooms
private entry
deck
Building Details
Buildings
2
Listing Agency:
W Real Estate
(707) 636-3800
Listed By:
Cory Cadle
3035938
Source:
Exprealty
Added: Aug 28
Changed: Sep 4
Last Checked: Sep 4 at 2:27PM
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
Investment Insights
Based on property information with market context.
This duplex property includes two residences on a single lot with a combined property size of 2,345 square feet. The front home offers four bedrooms, two bathrooms, a dining room, a bonus room, a landscaped front yard, and a small side deck. The rear home includes two bedrooms, one bathroom, knotty pine paneling, a private gated entry, and a large deck with a hot tub.
Each residence has its own laundry room with a washer and dryer, while separate utility meters support independent operation. Labeled parking areas divide the homes, and the rear residence has an additional lockable gate at its entry. The property is located in the Burbank Gardens area of downtown Santa Rosa at 476 Sonoma Ave.
Each residence has its own laundry room with a washer and dryer, while separate utility meters support independent operation. Labeled parking areas divide the homes, and the rear residence has an additional lockable gate at its entry. The property is located in the Burbank Gardens area of downtown Santa Rosa at 476 Sonoma Ave.
Key Highlights
- Two residences on one lot with a combined property size of 2,345 square feet
- Front home includes 4 bedrooms, 2 bathrooms, dining room, bonus room, and side deck
- Rear home offers 2 bedrooms, 1 bathroom, knotty pine paneling, and a large deck with hot tub
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
$45,606
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
5.37%
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%
$912,120
$912.1K
Cap Rate 7%
$651,514
$651.5K
Cap Rate 9%
$506,733
$506.7K
Market Conditions
NOI Build-Up for 2,345 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
$68.9K $29.40/SF
− Vacancy
−$3.8K −$1.62/SF
EGI
$65.2K $27.78/SF
− OpEx
−$19.5K −$8.33/SF
NOI
$45.6K $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%
$912,120
Cap Rate 7%
$651,514
Cap Rate 9%
$506,733
Alternative Uses
Best Use
Multifamily LT 5
$651.5K
$570.1K – $760.1K
NOI $45,606 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$585.2K
$512.0K – $682.7K
NOI $40,961 @ 7.0% cap · market cap 4.82%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,002
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 residences share one lot with separate utility meters, dedicated parking areas, and private outdoor spaces.
Where is this duplex located?
The property is located at 476 Sonoma Ave Santa Rosa, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two residences on one lot with a combined property size of 2,345 square feet; Front home includes 4 bedrooms, 2 bathrooms, dining room, bonus room, and side deck; Rear home offers 2 bedrooms, 1 bathroom, knotty pine paneling, and a large deck with hot tub
