900 Cherry Street, Santa Rosa, CA 95404, Santa Rosa, 95404 - 3 bed, 3 bath
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Santa Rosa, CA 95404
This Mid-Century Modern Historic Triplex is a stable income asset located in the premier Cherry Street Historic District. Listed at $995,000, the property is positioned near its $931,655 Fair Market Value, supported by a consistent $68,000 Gross Annual Income and a 5% Cap Rate. Holding a Condition Rating of 4, the building is well-maintained with long-term tenants secured through April 2026. Its prime location offers exceptional walkability to downtown Santa Rosa’s shops and dining. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a character-rich, turnkey rental.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 900 Cherry Street Subject | $995,000* List Price | 3 | 3 | 2,104 | $443 | - |
A 418 Humboldt Street Active | $1,198,000 List Price | 4 | 4 | 2,802 | $428 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, this triplex is functional and well-maintained for its age but lacks modern renovations. The kitchens and bathrooms feature dated cabinetry, older tile countertops with wide grout lines, and aging white appliances. While the hardwood flooring and overall structure appear sound, the interior aesthetics and fixtures are significantly outdated and would require modernization to meet current market standards for a higher condition rating.
Situated in the desirable Cherry Street Historic District, this property offers exceptional walkability to downtown Santa Rosa's premier shopping, dining, and entertainment.
The triplex generates a consistent gross income of $68,000 per year with a 5% cap rate and long-term tenants already secured through April 2026.
The 1950 Mid-Century Modern design in a historic neighborhood provides unique aesthetic appeal that attracts high-quality, long-term tenants.
With one unit measuring only 450 square feet, the small footprint may limit the tenant pool and future rental upside compared to larger multi-family offerings.
The property only provides two laundry hook-ups for three separate units, which can create logistical inconveniences and potential friction between residents.
This downtown mid-century modern Historic Cherry Street Triplex is located in the 'Cherry Street Historic District' which is walking distance to downtown Santa Rosa with its mall, restaurants, and shops. This is a 1950 Mid-Century Modern building in good condition and with consistent income currently $5,700 per month total. That equates to $68,000 in Gross income per year with a Net Operating Income of $45,600, representing a scheduled Capitalization Rate of roughly 5% projected for a new owner. Each unit has 1 bedroom, 1 bath, a living room, bedroom, and full kitchen. There are 2 laundry hook-ups, use varies between units. 900 Cherry is roughly 750 sq ft. 516 'A' is roughly 700 sq ft. 516 'B' is roughly 450 sq ft. Each unit is occupied with long-term tenants that would like to remain. The leases are all recently extended to April 2026 and go month-to-month thereafter. The tenants would like to remain longer term. This is a desirable neighborhood sought after by all that enjoy having such close proximity to downtown Santa Rosa and all it has to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 5.0 | 33% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,104 | 2,484 | 44% |
| Lot Size | 3,402 | 7,501 | 22% |
| Price | $995.0K | $950.0K | 56% |
| Price per sq ft | $473 | $423 | 67% |
| Built year | 1950 | 1959 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 64 | 180 | 11% |
Mar 20, 2026
$995,000
$1,050,000
-5% Price Drop
Initial Listing
Feb 17, 2026
$1,050,000
Initial Listing