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 $1,975, 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.
Multi-familyProperty Type
1927Year Built
4,038 sq ftLot Size
$379Price/Sq.Ft.
2 spacesParking
Listed by Rhonda Alderman•DRE #01292529• Keller Williams Realty
•707-328-7653 (agent)
•Rhonda@RhondaAlderman.net (agent)
Listed by Christine Adams•DRE #02016680• Keller Williams Realty
Downtown Santa Rosa, located between Railroad Square and Juilliard Park, is a historic and civic Santa Rosa neighborhood with a walkable street grid and a plaza-centered core. The neighborhood’s character concentrates around Fourth Street and B Street, where sidewalk patios, indie boutiques, galleries, and late-night bites cluster under marquee lights. Railroad Square’s brick warehouses and depot-era storefronts set an industrial-heritage tone beside newer infill apartments. The Luther Burbank Center for the Arts, the Charles M. Schulz Museum, and the Railroad Square Historic District anchor the cultural calendar. Courthouse Square frames concerts and markets, while tree-lined blocks lead to trails and lawns at Juilliard Park. Architecture shifts from early-1900s commercial facades to midcentury civic buildings and contemporary mixed-use.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Laminate, tile, and wood flooring
Two stories
Bedrooms
Three one-bedroom units (each unit is on upper or lower levels)
Bathrooms
Each unit has one full bathroom
Kitchen
Kitchens included in each unit
Laundry & utility
Laundry in each unit
Flooring
Laminate flooring
Tile flooring
Wood flooring
Heating & cooling
Baseboard heating
Central heating
Wall furnace
No cooling
Exterior features
Regular-shaped lot
Home design
Residential income property (triplex)
Parking
Two parking spaces
Construction
Composition roof
Utilities
Public sewer
HOA & community
No homeowners association
Financial info
Three total units
Electricity and solar
View estimated energy costs and solar savings for this home
The NMU zoning district is applied to areas within downtown Santa Rosa to allow for multi-family residential development in all residential or mixed-use buildings and a variety of uses that primarily serve local residents such as professional office, retail, entertainment, service, and other neighborhood-scale supporting uses. Housing development will include low- and mid-rise apartments and condominiums, as well as small-lot single-family attached dwellings e.g. duplexes, triplexes, townhomes; Live-work spaces and maker-oriented uses are permitted subject to performance standards. The NMU zoning district implements and is consistent with the Neighborhood Mixed Use land use classification of the General Plan
Permitted uses
Include but are not limited to:
Agriculture-Other
Restaurant
Healthcare-Other
Housing-Multiple units
Housing-Other
Infrastructure-Other
Library
Museum / gallery
Neighborhood center
Park & open space
Jun 28, 2015 • Final
Residential addition-alteration
Repair the front balcony and railings. Repair the stairs and railings at the back of the building. Relocate and replace the gas water heater in the garage.
Plumbing
Remodel
Jun 28, 2015 • Final
Residential addition-alteration
Demolish an illegal room within a garage to restore it to its original use. Install a new wall furnace and water heater for a single-family home, install new electrical receptacles in the garage, replace siding, and install a new garage door.
Demolition
Electrical
Gas
Plumbing
Remodel
Water heater
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
8/10 Air Factor
15 unhealthy days expected this year, 17 days in 30 years
Provided by First Street
Historical weather
Santa Rosa, CA • 95404
Average low and high temperatures (°F)
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79
54
86
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83
55
79
51
65
46
60
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Sun exposure
86/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Santa Rosa. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 870 3rd St
$838,288
$12K under list price of $850K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $550K to $905K.