Remodeled Legal
New
For Sale
$950,000
817 Brigham Avenue, Santa Rosa, CA 95404
Three separate residences offer full kitchens and laundry hookups, with a two-bedroom home at the front and a rear duplex.
Property Size1,852 SF
Price / SF$512.96
Days on Market4
Property Features for 817 Brigham Avenue
General Information
Standard status
Active
Size
1,852 SF
Property subtype
Land
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Amenities
laundry hookups
Building Details
Year Built
1950
Listing Agency:
Melissa Kinsel, Nexthome In The Valley
Listed By:
The Jamison Team
(408) 465-4899
Source:
Tuscanaproperties
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 1 at 11:21AM
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 Melissa Kinsel, Nexthome In The Valley
Investment Insights
Based on property information with market context.
This 1,852-square-foot triplex was built in 1950 and has been remodeled. The front residence contains two bedrooms and one bathroom; a duplex at the rear adds two one-bedroom, one-bath units. Each of the three residences has a full kitchen and laundry hookups.
The property is at 817 Brigham Avenue in Santa Rosa, close to downtown and Montgomery Village. Its backyard has room for gardening or other outdoor use.
The property is at 817 Brigham Avenue in Santa Rosa, close to downtown and Montgomery Village. Its backyard has room for gardening or other outdoor use.
Key Highlights
- Legal triplex with a remodeled 1,852‑square‑foot property
- Front home has 2 bedrooms and 1 bathroom
- Rear duplex contains two 1‑bedroom, 1‑bath units
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
$36,018
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
3.79%
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%
$720,360
$720.4K
Cap Rate 7%
$514,543
$514.5K
Cap Rate 9%
$400,200
$400.2K
Market Conditions
NOI Build-Up for 1,852 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
$54.4K $29.40/SF
− Vacancy
−$3.0K −$1.62/SF
EGI
$51.5K $27.78/SF
− OpEx
−$15.4K −$8.33/SF
NOI
$36.0K $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%
$720,360
Cap Rate 7%
$514,543
Cap Rate 9%
$400,200
Alternative Uses
Best Use
Multifamily LT 5
$514.5K
$450.2K – $600.3K
NOI $36,018 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$462.1K
$404.4K – $539.2K
NOI $32,349 @ 7.0% cap · market cap 3.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,546
Businesses Nearby
Explore this area
Business Placement
Demographics for 95404, CA
38,034
Population
16,850
Households
2.3
Avg Household Size
43
Median Age
45%
College-Educated
90%
High-School Grad
75.4 sq mi
ZIP Area
504
Density / Sq Mi
$102,802
Median Household Income
$57,388
Median Earnings
$1,890
Median Rent
$865,900
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences offer full kitchens and laundry hookups, with a two-bedroom home at the front and a rear duplex.
Where is this triplex located?
The property is located at 817 Brigham Avenue Santa Rosa, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Legal triplex with a remodeled 1,852‑square‑foot property; Front home has 2 bedrooms and 1 bathroom; Rear duplex contains two 1‑bedroom, 1‑bath units
