930 Morgan Street #3, Santa Rosa, CA 95401, Santa Rosa, 95401 - 4 bed, 3 bath
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Santa Rosa, CA 95401
This Triplex Residential Income property is a Strong Value Opportunity, listed at $735,000, which aligns with its $735,000 Fair Market Value. Featuring a Good Condition Rating, the property includes significant capital improvements like new roofs, refinished hardwood floors, and a modernized kitchen with granite countertops. The configuration offers exceptional flexibility for an owner-occupant to offset mortgage costs through rental income. With its strategic location near downtown Santa Rosa and Highway 101, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 930 Morgan Street #3 Subject | $699,900* List Price | 4 | 3 | 2,008 | $349 | - |
A 100 102 W 8th Street Sold | $735,000 | 4 | 2 | 1,856 | $396 | 0.4 mi |
B 1580 Herbert Street Sold | $810,000 | 6 | 3 | 2,351 | $345 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a well-maintained triplex that qualifies for a 'good' rating due to several recent capital improvements and its move-in ready state. While originally built in 1954, it features new roofs on both buildings, freshly refinished hardwood floors, and fresh interior paint. The rear unit has been specifically updated with a modern kitchen featuring new cabinetry and granite countertops, as well as a contemporary mini-split HVAC system. These updates, combined with the overall clean presentation and functional systems, outweigh the age of the structure.
This triplex configuration offers exceptional flexibility for owner-occupants to offset their mortgage or for investors to capitalize on below-market rents in a high-demand rental area.
The property boasts significant recent upgrades, including new roofs on both buildings, refinished hardwood floors, fresh interior paint, and a modernized kitchen in the rear unit.
Ideally situated near downtown Santa Rosa with immediate access to Highway 101, the property ensures strong tenant appeal and convenience for commuters.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2008, other record living area = 1288. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Current rental income is below market rates, which may require strategic lease management or unit turnovers to realize the property's full cash-flow potential.
The local elementary and middle schools carry lower performance ratings, which could be a deterrent for family-oriented tenants or buyers.
This well-kept triplex is conveniently located near downtown Santa Rosa with easy access to Highway 101. The property includes a main house with 2 bedrooms, an attached 1 bedroom unit, & a separate house at the back of the lot with 2 loft rooms. Each unit has its own designated parking space. The main house features freshly refinished hardwood floors, large rooms, a spacious kitchen area, fresh interior paint & offers a bit of a classic Victorian-style charm. Attached to the main home is a small but functional 1 bedroom unit with a long-term tenant & a private entrance, providing steady rental income. The back house is a comfortable & inviting space with an updated kitchen that includes new cabinets & granite countertops. It has a cozy living room & 2 loft-style rooms upstairs. A mini-split heat pump system provides both heating & AC on both levels. This unit also comes with a generous yard area & a good-sized storage shed. Additional features include a coin-operated laundry on the back porch of the main house & recent roof replacements on both the main house and the rear unit. With rents currently below market, this property offers a strong opportunity for an owner-occupant or investor to increase cash flow. Live in the main home & let income from the additional units help support your mortgage.
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades 7-8 • 0.6 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 57% |
| Square foot | 2,008 | 1,856 | 57% |
| Lot Size | 5,602 | 6,299 | 43% |
| Price | $699.9K | $735.0K | 43% |
| Price per sq ft | $349 | $396 | 43% |
| Built year | 1954 | 1954 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 144 | 227 | 29% |
May 16, 2026
$699,900
$735,000
-5% Price Drop
Initial Listing
Jan 13, 2026
$735,000
Initial Listing