Mid-Century Modern
900 Cherry St Santa Rosa, CA 95404
For Sale
$995,000
Downtown Santa Rosa triplex offers three one-bedroom units, each with a full kitchen and long-term tenants.
Property Size1,900 SF
Price / SF$523.68
Days on Market21
Property Features for 900 Cherry St
General Information
- Standard status
- Active
- Size
- 1,900 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1950
Listing Agency:
Swanson Real Property, Inc
(707) 291-4400
Listed By:
Douglas A Swanson
(707) 291-4400
Source:
Elliman
Added: Jul 4
Changed: Jul 22
Last Checked: Jul 24 at 9:36AM
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
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.9k | $29.40 |
| − Vacancy | −$3.1k | −$1.62 |
| EGI | $52.8k | $27.78 |
| − OpEx | −$15.8k | −$8.33 |
| NOI | $37.0k | $19.45 |
1,900 SF · lease $29.40/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
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
