870 3rd Street, Santa Rosa, CA 95404, Santa Rosa, 95404 - 0 bed, 0 bath
Loading property details...
Santa Rosa, CA 95404
This Vintage Triplex represents a Strong Value Opportunity, listed at $850,000—positioned well below the $972,438 Fair Market Value by 12%. This valuation gap provides $122,438 in Instant Equity for the buyer. Featuring a Good Condition Rating with updated kitchens, bathrooms, and a 2020 roof, this asset offers stable income with minimal immediate capital expenditure. Its prime downtown location ensures high rental demand, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 870 3rd Street Subject | $850,000* List Price | 0 | 0 | 2,242 | $434 | - |
A 838 Wheeler Street Sold | $1,050,000 | 6 | 0 | 2,484 | $423 | 0.5 mi |
B 900 Cherry Street Active | $995,000 List Price | 3 | 3 | 2,104 | $473 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1927, the property has undergone significant updates that place it in the 'Good' category. The kitchens and bathrooms have been modernized with granite countertops and updated vanities (likely within the 5-15 year range). A new roof was installed on Unit 3 in 2020, and the original hardwood floors are well-maintained. The units appear functional, clean, and move-in ready for tenants.
Situated just minutes from Downtown Santa Rosa, the property offers tenants easy access to premier shopping, dining, and entertainment, ensuring consistently high rental demand.
The triplex beautifully blends 1920s character with modern updates, including original hardwood floors and renovated kitchens and bathrooms, reducing immediate capital expenditure for the buyer.
With a total monthly rent of $6,200 and a history of low vacancies, this property provides a stable and immediate return on investment for multi-family investors.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2242, other record living area = 1752.
The property relies on a shared gravel driveway and city-permitted street parking, which may be a drawback for tenants requiring dedicated or covered parking spaces.
The modest 4,038 sqft lot offers only a small shared backyard, which may limit the appeal for tenants seeking significant private outdoor living or gardening areas.
Charming 1927 Vintage-Triplex offering an exceptional investment opportunity just minutes from Downtown Santa Rosa's shopping, restaurants, entertainment, and community events. This well-maintained property features three 1-bedroom, 1-bath units, each offering a living room, interior laundry, original hardwood floors, and updated kitchens and bathrooms. Two of the units are single-story, while Unit 3 is located at the rear of the property and includes an additional finished room, offering flexible space for a variety of uses. Unit 3 also includes accessible features, providing added flexibility for a variety of tenant needs. Current monthly rents are $2,150, $2,100, and $1,950, providing strong, stable income, with few vacancies and strong demand.Residents enjoy a shared gravel driveway and a small shared backyard area. Convenient street parking is also available through the City's monthly residential permit program (Confirm with the City). Recent improvements include the replacement of the Unit 3 roof in 2020. Blending timeless 1920s character with thoughtful updates and a prime location, this property presents an outstanding opportunity to own a quality income-producing investment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,242 | - |
| Lot Size | 4,038 | - |
| Price | $850.0K | $798.2K |
| Price per sq ft | $379 | $432 |
| Built year | 1927 | 0 |
| HOA | $0 | $0 |
| Days on market | 12 | 74 |
Jul 10, 2026
$850,000
Initial Listing
Aug 16, 2012
$373,000
Public Record