| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Fair |
| Demographics | 69th | Good |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 167 Edith St, Petaluma, CA, 94952, US |
| Region / Metro | Petaluma |
| Year of Construction | 2001 |
| Units | 25 |
| Transaction Date | 1998-06-05 |
| Transaction Price | $285,000 |
| Buyer | EDITH STREET APARTMENTS INC |
| Seller | PETALUMA ECUMENICAL PROJECTS |
167 Edith St Petaluma Multifamily Investment
This 25-unit property in a top-quartile Petaluma neighborhood offers exposure to elevated home values that sustain rental demand, with neighborhood-level occupancy at 92.3% according to WDSuite's CRE market data.
Located in an A+ rated inner suburb neighborhood that ranks 4th among 138 Santa Rosa-Petaluma metro neighborhoods, this Petaluma location demonstrates strong fundamentals for multifamily investors. The neighborhood sits in the 90th national percentile for amenities, with high-density access to grocers, restaurants, and childcare facilities that support tenant retention and leasing velocity.
Neighborhood-level occupancy trends show 92.3% occupancy, positioning above national medians despite modest recent softening. The area maintains a 37.4% concentration of renter-occupied units, indicating a substantial tenant base within the 3-mile radius demographics of approximately 55,800 residents. Home values averaging $782,000 represent the 95th national percentile, creating affordability constraints that reinforce rental demand and limit ownership competition for prospective tenants.
Built in 2001, this property represents newer construction compared to the neighborhood's 1951 average vintage, potentially reducing near-term capital expenditure needs and offering competitive positioning. Demographic projections within the 3-mile radius indicate modest population growth of 1.2% through 2028, with household formation increasing 47.5% and median income rising 20.3% to $138,617, supporting rent growth potential and tenant quality over the investment horizon.
The neighborhood's safety profile reflects moderate positioning within the Santa Rosa-Petaluma metro area, ranking 114th of 138 neighborhoods and placing in the 44th national percentile for overall crime metrics. Property offense rates show an estimated 630 incidents per 100,000 residents annually, with recent trends indicating an 11.6% increase over the prior year.
Violent crime rates remain relatively contained at approximately 42 incidents per 100,000 residents, with a favorable 14.5% decline year-over-year. While crime metrics suggest room for improvement compared to premium suburban markets, the neighborhood's strong amenity density and high home values typically correlate with ongoing community investment and stability factors relevant to long-term tenant retention.
The property benefits from proximity to major corporate employers concentrated in the San Francisco Bay Area, providing diverse employment opportunities that support regional rental demand and commuter housing needs.
- FedEx — logistics and shipping (20.9 miles)
- Wells Fargo — financial services (33.4 miles) — HQ
- Ameriprise Financial — financial services (33.4 miles)
- Salesforce.com — technology (33.5 miles) — HQ
- PG&E Corp. — utilities (33.6 miles) — HQ
This 25-unit Petaluma property combines newer 2001 construction with location fundamentals in a top-quartile neighborhood, offering reduced capital expenditure risk and competitive positioning relative to the area's 1951 average building vintage. The 95th percentile home values of $782,000 create substantial ownership barriers that sustain rental demand, while neighborhood-level occupancy of 92.3% demonstrates market absorption despite regional softening trends.
Demographic trends within the 3-mile radius support long-term rental demand, with projected household formation increasing 47.5% through 2028 and median income growth of 20.3% to $138,617. According to multifamily property research from WDSuite, the neighborhood's 37.4% renter concentration and strong amenity density provide a stable tenant base, though investors should monitor rent-to-income ratios that currently pressure affordability at neighborhood levels.
- Top-quartile neighborhood ranking with 90th percentile amenity access supporting tenant retention
- 2001 construction vintage offers competitive advantage over 1951 neighborhood average
- Elevated home values reinforce rental demand and limit ownership competition
- Projected household growth and income increases support rent growth potential
- Risk: Current rent-to-income ratios may limit pricing power and require careful lease management