North Street Apartments is a 32-unit value-add multifamily community in Santa Rosa offered for purchase individually or as a portfolio with Cedarwood Apartments (725 W College Ave, Santa Rosa). Built in 1970 on 1.14 acres, the property features a 2BR-dominated unit mix averaging 988 SF, 97% occupancy, and approximately $250,000 in recent capital improvements (reroofing, exterior paint, asphalt, pool, lighting, landscaping). In-place rents average $2,384, with $94/unit of immediate mark-to-market upside and an additional $91/unit achievable through interior renovations laminate flooring, kitchen/bath finishes, and in-unit W/D installation in the remaining 15 units. A 30% RUBS program is already in place. Pool, on-site parking, and a quiet residential location near Santa Rosa Junior College, Downtown Santa Rosa, and Highway 101.
Montecito Heights, located between Montgomery Village and Spring Lake Park, is a residential and hillside Santa Rosa neighborhood with curving streets and a tree-lined feel. The neighborhood’s character concentrates around the Montgomery Drive and Farmers Lane corridor, where sidewalk cafes, local markets, and small-service storefronts set a steady daytime rhythm. Mid-century ranch homes and updated bungalows sit on sloped lots, with pockets of valley views. Spring Lake’s trails and waterline paths shape an outdoors-forward routine. The nearby Charles M. Schulz Museum adds a distinctly Santa Rosa cultural note. Local staples such as Willi’s Wine Bar and Russian River Brewing Company help define the area’s off-hours scene.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Bedrooms
2 bedrooms in Unit 1
Heating & cooling
Electric heating
Home design
Commercial multi-unit property
Parking
Covered parking
Construction
Built in 1960
Utilities
Public water
Public sewer
Financial info
32 units
6.26% cap rate
Electricity and solar
View estimated energy costs and solar savings for this home
bridgeMLS, Bay East AOR, or Contra Costa AOR #ML82046785
Oct 14, 2026
Relisted
—
Oct 12, 2026
Listing Removed
—
May 12, 2026
Listed
$8,900,000
$282/sq ft
Public Records
Jun 21, 2016
Sold
$6,124,500
$194/sq ft
Public Records
Sep 29, 1989
Sold
$1,825,000
$58/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$83,001 (+1.5%)
$1,479,151 + $5,916,011
$7,395,162
2024
$81,740 (+1.5%)
$1,450,149 + $5,800,011
$7,250,160
2023
$80,569 (+6.6%)
$1,421,715 + $5,686,286
$7,108,001
2022
$75,586 (+1.2%)
$1,393,839 + $5,574,791
$6,968,630
2021
$74,673 (+0.2%)
$1,366,509 + $5,465,482
$6,831,991
2020
$74,506 (+0.5%)
$1,339,715 + $5,358,316
$6,698,031
2019
$74,121 (+0.5%)
$1,325,978 + $5,303,374
$6,629,352
2018
$73,718 (+1.8%)
$1,299,979 + $5,199,387
$6,499,366
2017
$72,399 (+123.8%)
$792,623 + $2,075,895
$2,868,518
2015
$32,356 (+6.4%)
$777,082 + $2,035,192
$2,812,274
2014
$30,400
$750,417 + $1,965,355
$2,715,772
2013
$30,401 (+1.5%)
$750,417 + $1,965,355
$2,715,772
2012
$29,940 (+2.0%)
$747,026 + $1,956,473
$2,703,499
2011
$29,352 (+1.6%)
$732,379 + $1,918,111
$2,650,490
2010
$28,903 (−0.6%)
$718,019 + $1,880,501
$2,598,520
2009
$29,074 (+2.0%)
$712,653 + $1,866,447
$2,579,100
2007
$28,502
$700,340 + $1,834,198
$2,534,538
Public record
Public record
Permits
Beds
63
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
1.14 Acres
Year renovated
1960
Finished Sq. Ft.
32,582
Unfinished Sq. Ft.
—
Total Sq. Ft.
32,582
Year built
1960
Style
Multi-Family (5+ Unit)
County
Sonoma County
APN
180440054000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 24, 2026.
Mar 30, 2026 • Final
Residential addition-alteration
Remodel
Apr 29, 2025 • Final
Residential addition-alteration
Remove and replace windows in the bedrooms with new windows of the same size and style.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
21 unhealthy days expected this year, 21 days in 30 years
Provided by First Street
Historical weather
Santa Rosa, CA • 95404
Average low and high temperatures (°F)
63
41
64
44
72
47
70
47
77
51
80
54
82
55
86
55
82
57
79
51
65
46
60
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
81/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1570 North St
There isn’t enough information to generate an accurate estimate at this time. Learn More