
Santa Rosa, CA 95404
This Value-Add Triplex Asset is listed at $700,000, representing a strategic opportunity in a historic downtown neighborhood. Currently exhibiting a Condition Score of 5, the property requires extensive rehabilitation to address deferred maintenance and align with its $541,838 Fair Market Value. The versatile layout, featuring a main duplex and a detached cottage, provides significant rental upside near Montgomery High School and Luther Burbank Elementary. This project is a high-potential acquisition for Buy-and-Hold Investors or Contractors seeking to capitalize on Santa Rosa’s rental demand through forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 705 Tupper Street Subject | $700,000* List Price | 5 | 3 | 2,436 | $222 | - |
A 743 Beaver Street Sold | $895,000 | 7 | 6 | 2,948 | $304 | 0.7 mi |
B 909 917 Hendley Street Active | $795,000 List Price | 6 | 3 | 2,300 | $346 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1920, this triplex exhibits significant deferred maintenance and requires extensive rehabilitation to meet modern standards. The interior features heavily worn carpets, dated linoleum flooring, and original cabinetry with visible wear. Exterior images show peeling paint, aged roofing, and substantial cracking in the concrete driveway. The listing description confirms the need for significant updates and identifies the property as a value-add opportunity requiring substantial capital improvement.
The triplex configuration, featuring a main building with two units and a detached cottage, provides versatile options for rental income, multi-generational living, or owner-occupancy.
With current rents below market value and a need for updates, investors have a clear path to force appreciation and maximize long-term returns through strategic renovations.
Situated in a desirable historic downtown neighborhood, the property offers convenient access to Santa Rosa’s vibrant dining, shopping, and entertainment hubs.
The property requires significant updates to reach its full market potential, which will necessitate substantial upfront capital and construction management.
Built in 1920, the property may present hidden costs and maintenance challenges associated with aging systems typical of homes from this era.
This 1920s triplex offers a rare opportunity just minutes from downtown Santa Rosa. The property consists of two units within the main building, plus a cute detached cottage, providing flexible living and income options. The detached cottage has been owner-occupied for many years, offering privacy and charm, and may be ideal for extended family, guests, or additional rental income. The property would benefit from extensive updates to achieve full market rents, presenting a clear value-add opportunity. With below-market rents, this triplex is well suited for investors or owner-occupants seeking long-term upside. Its location near downtown Santa Rosa provides convenient access to restaurants, shopping, and entertainment. A versatile income property with character, flexibility, and significant potential in one of Santa Rosa's historic downtown neighborhoods.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.9 mi
Grades 7-8 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 5.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,436 | 2,484 | 44% |
| Lot Size | 6,251 | 7,501 | 33% |
| Price | $700.0K | $905.0K | 33% |
| Price per sq ft | $287 | $306 | 11% |
| Built year | 1920 | 1959 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 542 | 180 | 0% |
Oct 27, 2024
$700,000
Initial Listing
Jul 3, 2001
$379,000
Public Record