1855 Petaluma Hill Road | Image 1
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$6,250,000

3 hours ago

0 Bed

0 Bath

16429 sqft

40 Parking

MLS® 326007111

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 16429 sqft
Garage No
Taxes 
Days Active 0
Lot Size 2.35 acres
Approx. Age 1939
Avg. Price Per Sqft $380
MLS® Number 326007111

Property Address: 1855 Petaluma Hill Road, Santa Rosa, CA, 95404

Average square foot calculated using Size range provided by listing agent.

Description

Excellent opportunity to acquire a 39-unit apartment complex on over two acres in Santa Rosa, offering immediate cash flow with significant value-add potential. Colgan Creek Cottages features a diverse unit mix comprised of one (1) 3-bedroom, 2-bath single-family home, one (1) 3-bedroom cottage, four (4) 2-bedroom units, thirteen (13) 1-bedroom units, and twenty (20) studios, spread across multiple parcels. Unlike traditional apartment buildings, most residences are individual cottages with no shared wallsan appealing layout that enhances privacy and drives tenant demand. Amenities include an on-site laundry room with attached workshop and office, three storage buildings, ample on-site parking, and a utility structure that allows for substantial cost recovery through tenant bill-backs. Situated in one of the fastest-growing submarkets of Santa Rosa, the complex enjoys historically strong occupancy with minimal turnover. Significant upside exists through unit renovations and upgrades, while the large lot provides additional development potential through new construction or ADUs. Positioned as an attractive alternative to higher-priced new construction, this investment combines immediate cash flow with multiple pathways for long-term value creation.
MLS® Number326007111
Laundry LevelCoin Operated, In Common Area
Central VacNo
FireplaceNo
Acreage2.35
Exterior
GarageNo
Approx. Age1939
Basement
DrivewayOff Street, Open, Uncovered
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 29, 2026List Date
$6,250,000List Price
  • Commute

Commute

Starting Address
Destination Address
1855 Petaluma Hill Road, Santa Rosa, CA

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