1927 Vintage Triplex
For Sale
$850,000
870 3rd St, Santa Rosa, CA 95404
Well-maintained 1927 triplex with three 1-bedroom units, updated kitchens and baths, and a shared gravel driveway.
Property Size2,242 SF
Days on Market99
Property Features for 870 3rd St
General Information
Standard status
Active
Size
2,242 SF
Property subtype
Investment
Additional Details
Business Included
Yes
Multifamily Units
3
Building Details
Building Size
2,242 SF
Year Built
1927
Stories
2
Units
3
Tenancy
Multi
Listing Agency:
Keller Williams Realty
Listed By:
Rhonda L Alderman · License #01292529
(707) 328-7653
Source:
Elliman
Added: Jul 12
Changed: Oct 15
Last Checked: Oct 16 at 11:00AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Built in 1927, this well-maintained triplex offers three 1-bedroom, 1-bath units. Each unit includes a living room, interior laundry, original hardwood floors, and updated kitchens and bathrooms. Two units are set up as single-story layouts, while Unit 3 is located at the rear of the property and includes an additional finished room for added flexibility, along with accessible features.
Residents share a gravel driveway and a small shared backyard area, with convenient street parking available through the City’s monthly residential permit program (confirm with the City). The Unit 3 roof was replaced in 2020.
For income, current monthly rents are listed as $2,150, $2,100, and $1,950.
Residents share a gravel driveway and a small shared backyard area, with convenient street parking available through the City’s monthly residential permit program (confirm with the City). The Unit 3 roof was replaced in 2020.
For income, current monthly rents are listed as $2,150, $2,100, and $1,950.
Key Highlights
- Built in 1927, this well‑maintained triplex offers three 1‑bedroom, 1‑bath units.
- Each unit includes a living room, interior laundry, original hardwood floors, and updated kitchens and bathrooms.
- Unit mix includes two single‑story units plus Unit 3 at the rear with an additional finished room for flexible use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,603
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,060
$872.1K
Cap Rate 7%
$622,900
$622.9K
Cap Rate 9%
$484,478
$484.5K
Market Conditions
NOI Build-Up for 2,242 SF
Gross rent
$65.9K $29.40/SF
− Vacancy
−$3.6K −$1.62/SF
EGI
$62.3K $27.78/SF
− OpEx
−$18.7K −$8.33/SF
NOI
$43.6K $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%
$872,060
Cap Rate 7%
$622,900
Cap Rate 9%
$484,478
Alternative Uses
Best Use
Multifamily LT 5
$622.9K
$545.0K – $726.7K
NOI $43,603 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$559.5K
$489.5K – $652.7K
NOI $39,162 @ 7.0% cap · market cap 4.61%
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
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5,042
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
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained 1927 triplex with three 1-bedroom units, updated kitchens and baths, and a shared gravel driveway.
Where is this triplex located?
The property is located at 870 3rd St 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: Built in 1927, this well‑maintained triplex offers three 1‑bedroom, 1‑bath units.; Each unit includes a living room, interior laundry, original hardwood floors, and updated kitchens and bathrooms.; Unit mix includes two single‑story units plus Unit 3 at the rear with an additional finished room for flexible use.
