
Santa Rosa, CA 95404
Rare 16-unit townhouse community in a fantastic Junior College neighborhood location featuring two-story, two-bedroom, 1.5-bath units with private yards and no shared walls above or below. Stable in-place income with upside to an above market cap rate rate once market rent have been achieved and a RUBS program has been implemented. Proven value-add opportunity through a renovation program already completed on five units. Located just 0.7 miles north of downtown on a quiet, tree lined street with no through traffic. Convenient access to Downtown Santa Rosa, Railroad Square, SMART rail, Highway 101, parks, schools, and Sonoma County employment centers.
Property is move-in ready.
Built in 1972, the property is well-maintained with a successful renovation program already completed on 5 of the 16 units. The interior photos show modern LVP flooring, updated kitchens with white shaker cabinets, and fresh paint/carpet, indicating these units are in excellent condition. While the remaining 11 units are likely dated (fair), the overall property is functional, move-in ready, and shows no signs of major structural or safety defects.
The townhouse-style layout featuring two-story units with private yards and no neighbors above or below provides a high-demand residential feel that significantly enhances tenant retention.
Situated in the desirable Junior College neighborhood on a quiet, tree-lined street, the property offers excellent proximity to downtown Santa Rosa, SMART rail, and major employment centers.
With five units already renovated, there is a clear and tested roadmap to increase the cap rate through continued interior upgrades and the implementation of a RUBS program.
With 11 units still in original or unrenovated condition, the buyer will need to secure significant upfront capital to execute the value-add strategy and achieve market rents.
Built in 1972, the asset may face higher long-term maintenance costs or require upgrades to aging building systems typical of properties of this era.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.8 |
| Baths | 0.0 | 3.0 |
| Square foot | 6,696 | 2,666.769 |
| Lot Size | 23,958 | 6,621.077 |
| Price | $3.65M | $880.6K |
| Price per sq ft | $545 | $370 |
| Built year | 1972 | 1973 |
| HOA | $0 | $128 |
| Days on market | 6 | 69 |
Oct 18, 2026
$3,650,000
Initial Listing