Three-Unit Vintage
For Sale
$850,000
870 3rd Street, Santa Rosa, CA 95404
Residential Income, Santa Rosa, CA
Property Size2,242 SF
Lot Size0.09 Acres
Price / SF$379.13
Days on Market89
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Property Features for 870 3rd Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2
Parking
2
Parking features
Covered
Lot features
Shape Regular
Directions
Brookwood to 3rd St.
Subdivision
Santa Rosa-Northeast
Standard status
Active
APN
009062016000
Size
2,242 SF
Lot size
0.09 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace, Baseboard, Central
Water source
Public
Amenities
interior laundry
shared backyard area
Building Details
Year built
1927
Floors in Building
2
Number of units
3
Flooring type
Laminate, Wood, Tile
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Realty
(707) 708-8157
Listed By:
Rhonda L Alderman · License #01292529
(707) 328-7653
Added: Jul 19
Changed: Sep 12
Last Checked: Oct 15 at 6:06PM
MLS# 326057838
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.
Built in 1927, this 2,242-square-foot triplex contains three one-bedroom, one-bath units. Each apartment includes a living room, interior laundry, original hardwood floors, and updated kitchens and bathrooms. Two units are single-story, while the rear third unit adds a finished room and accessible features. Recent work includes replacement of the Unit 3 roof in 2020.
The property occupies a 0.0927-acre lot with a shared gravel driveway, a small shared backyard, covered parking, and street parking available through the City’s monthly residential permit program, subject to confirmation with the City. Public water and public sewer serve the property. The location is near Downtown Santa Rosa shopping, restaurants, entertainment, and community events.
The property occupies a 0.0927-acre lot with a shared gravel driveway, a small shared backyard, covered parking, and street parking available through the City’s monthly residential permit program, subject to confirmation with the City. Public water and public sewer serve the property. The location is near Downtown Santa Rosa shopping, restaurants, entertainment, and community events.
Key Highlights
- Three 1‑bedroom, 1‑bath units within a 2,242‑square‑foot triplex
- 1927 construction with original hardwood floors and updated kitchens and bathrooms
- Unit 3 includes an additional finished room and accessible features
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
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 - Three one-bedroom apartments feature updated kitchens, private laundry, and a shared backyard area.
Where is this triplex located?
The property is located at 870 3rd Street 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: Three 1‑bedroom, 1‑bath units within a 2,242‑square‑foot triplex; 1927 construction with original hardwood floors and updated kitchens and bathrooms; Unit 3 includes an additional finished room and accessible features
