Mid-Century Modern
For Sale
$995,000
900 Cherry St, Santa Rosa, CA 95404
Downtown Santa Rosa triplex offers three one-bedroom units, each with a full kitchen and long-term tenants.
Property Size2,104 SF
Price / SF$523.68
Days on Market117
Property Features for 900 Cherry St
General Information
Standard status
Active
Size
2,104 SF
Property subtype
Investment
Occupancy
100%
Site & Location
Neighborhood
Cherry St Historic District
Additional Details
Cap Rate
5%
Multifamily Units
3
Amenities
laundry hook-ups
Building Details
Building Size
2,104 SF
Year Built
1950
Units
3
Construction
Mid-Century Modern
Tenancy
Multi
Listing Agency:
Swanson Real Property, Inc
Listed By:
Douglas A Swanson
(707) 291-4400
Source:
Elliman
Added: Jul 4
Changed: Oct 26
Last Checked: Oct 26 at 6:32PM
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 Swanson Real Property, Inc
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Investment Insights
Based on property information with market context.
This mid-century modern triplex was built in 1950 and is reported in good condition. The property consists of three units, each with one bedroom, one bath, a living area, and a full kitchen. There are two laundry hook-ups with use varying by unit. All three units are currently occupied by long-term tenants, and leases have been extended through April 2026 with month-to-month terms thereafter.
Located in the Cherry Street Historic District, the property is within walking distance to downtown Santa Rosa, including its mall, restaurants, and shops. BikeScore is 69 and WalkScore is 71, with transitScore listed as 33.
Unit sizes are approximately 750 square feet for 900 Cherry, approximately 700 square feet for 516 A, and approximately 450 square feet for 516 B. The property is described as generating consistent total income of $5,700 per month, and a net operating income of $45,600 is provided in the remarks.
Located in the Cherry Street Historic District, the property is within walking distance to downtown Santa Rosa, including its mall, restaurants, and shops. BikeScore is 69 and WalkScore is 71, with transitScore listed as 33.
Unit sizes are approximately 750 square feet for 900 Cherry, approximately 700 square feet for 516 A, and approximately 450 square feet for 516 B. The property is described as generating consistent total income of $5,700 per month, and a net operating income of $45,600 is provided in the remarks.
Key Highlights
- 1950 mid‑century modern triplex in the Cherry Street Historic District
- 3 fully rented 1‑bedroom, 1‑bath units; each unit has a full kitchen and living room
- Current total income $5,700/month; $68,000 gross income per year and $45,600 NOI
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,951
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,020
$739.0K
Cap Rate 7%
$527,871
$527.9K
Cap Rate 9%
$410,567
$410.6K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$55.9K $29.40/SF
− Vacancy
−$3.1K −$1.62/SF
EGI
$52.8K $27.78/SF
− OpEx
−$15.8K −$8.33/SF
NOI
$37.0K $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 Rate 5%
$739,020
Cap Rate 7%
$527,871
Cap Rate 9%
$410,567
Alternative Uses
Best Use
Multifamily LT 5
$527.9K
$461.9K – $615.9K
NOI $36,951 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$474.1K
$414.9K – $553.1K
NOI $33,188 @ 7.0% cap · market cap 3.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,289
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Downtown Santa Rosa triplex offers three one-bedroom units, each with a full kitchen and long-term tenants.
Where is this triplex located?
The property is located at 900 Cherry St Santa Rosa, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 1950 mid‑century modern triplex in the Cherry Street Historic District; 3 fully rented 1‑bedroom, 1‑bath units; each unit has a full kitchen and living room; Current total income $5,700/month; $68,000 gross income per year and $45,600 NOI
