Ranch-Style Duplex with Detached
For Sale
$925,000
4941 Hansen Drive, Santa Rosa, CA 95409
Residential Income, Santa Rosa, CA
Property Size2,246 SF
Lot Size0.41 Acres
Price / SF$411.84
Days on Market43
Property Features for 4941 Hansen Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3
Parking
8
Parking features
Covered, Garage, RV
Appliances
Dishwasher, Free-Standing Electric Range, Free-Standing Refrigerator
Lot features
Shape Regular
Elementary school district
Sonoma
Middle school district
Sonoma
High school district
Sonoma
Directions
From Sonoma Hwy take Middle Rincon or Jack London north to Hansen Dr.
Subdivision
Santa Rosa-Northeast
Standard status
Active
APN
183260018000
Size
2,246 SF
Lot size
0.41 Acres
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central
Cooling system
Heat Pump, Central Air
Water source
Well
Amenities
detached garage
workshop
private well
UV filtration system
city sewer
sub-meter for electricity
on-demand hot water heater
dual pane windows
walk-in tub
central air-conditioning
mini-split system
mature landscaping
Building Details
Year built
1957
Floors in Building
1
Number of units
2
Flooring type
Carpet
Building materials
Vinyl Siding, Wood, Wood Siding
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Corcoran Icon Properties
(415) 266-3100
Listed By:
Trish McLean · License #1164841
(707) 529-1122
Added: Jul 18
Changed: Aug 22
Last Checked: Aug 29 at 3:06AM
MLS# 326057856
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This ranch-style duplex property includes a primary residence of approximately 1,466 square feet with three bedrooms and two full bathrooms, plus a detached secondary dwelling of approximately 650 square feet with two compact bedrooms. The main home retains 1950s character and has received a new roof, carpet, interior paint, dual-pane windows, an on-demand water heater, a walk-in tub, and central air-conditioning. The rear unit includes a newer mini-split heating and cooling system and a separate electric sub-meter.
Both homes are officially zoned as a duplex and use a private well with UV filtration while connecting to the public sewer system. The 0.4063-acre parcel provides covered garage parking, RV parking, additional areas for work vehicles or recreational equipment, and a detached workshop. Mature landscaping surrounds the homes, and the property is situated in Santa Rosa's Rincon Valley area near schools, parks, shopping, and dining.
Both homes are officially zoned as a duplex and use a private well with UV filtration while connecting to the public sewer system. The 0.4063-acre parcel provides covered garage parking, RV parking, additional areas for work vehicles or recreational equipment, and a detached workshop. Mature landscaping surrounds the homes, and the property is situated in Santa Rosa's Rincon Valley area near schools, parks, shopping, and dining.
Key Highlights
- Two dwellings on a 0.4063‑acre lot: approximately 1,466 sq. ft. main home and approximately 650 sq. ft. detached unit
- Officially zoned as a Duplex
- Primary residence offers 3 bedrooms and 2 full bathrooms; rear dwelling includes 2 bedrooms
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
$43,680
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
4.72%
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%
$873,600
$873.6K
Cap Rate 7%
$624,000
$624.0K
Cap Rate 9%
$485,333
$485.3K
Market Conditions
NOI Build-Up for 2,246 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
$66.0K $29.40/SF
− Vacancy
−$3.6K −$1.62/SF
EGI
$62.4K $27.78/SF
− OpEx
−$18.7K −$8.33/SF
NOI
$43.7K $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%
$873,600
Cap Rate 7%
$624,000
Cap Rate 9%
$485,333
Alternative Uses
Best Use
Multifamily LT 5
$624.0K
$546.0K – $728.0K
NOI $43,680 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$560.5K
$490.4K – $653.9K
NOI $39,232 @ 7.0% cap · market cap 4.24%
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
370
Businesses Nearby
Explore this area
Business Placement
Demographics for 95409, CA
27,741
Population
12,499
Households
2.2
Avg Household Size
53
Median Age
50%
College-Educated
95%
High-School Grad
35.0 sq mi
ZIP Area
793
Density / Sq Mi
$105,736
Median Household Income
$59,003
Median Earnings
$2,346
Median Rent
$807,800
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 dwellings share a spacious parcel with a detached garage, workshop, private well, and public sewer service.
Where is this duplex located?
The property is located at 4941 Hansen Drive Santa Rosa, CA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two dwellings on a 0.4063‑acre lot: approximately 1,466 sq. ft. main home and approximately 650 sq. ft. detached unit; Officially zoned as a Duplex; Primary residence offers 3 bedrooms and 2 full bathrooms; rear dwelling includes 2 bedrooms
