| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 23rd | Poor |
| Amenities | 13th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1220 McMinn Ave, Santa Rosa, CA, 95407, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1978 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1220 McMinn Ave Santa Rosa Multifamily Investment
Neighborhood occupancy trends are strong and renter demand is durable relative to the metro, according to WDSuite’s CRE market data, supporting stable performance for well-operated assets in Santa Rosa.
Located in Santa Rosa’s Urban Core, the property benefits from a renter-heavy housing base and high neighborhood occupancy that ranks in the top quartile nationally and is competitive among the 138 neighborhoods in the Santa Rosa-Petaluma, CA metro. This depth of renter-occupied housing indicates a broad tenant base and supports leasing stability for multifamily assets.
Daily needs are serviceable: grocery access scores well versus both metro peers and national benchmarks, though dining, cafés, parks, and childcare options are thinner in the immediate area. For investors, this mix typically favors workforce housing performance while limiting premium amenity-driven rent uplift.
Within a 3-mile radius, WDSuite data indicates modest population growth in recent years with additional increases projected, alongside growth in households and incomes. These dynamics point to a gradually expanding renter pool, which tends to support occupancy and renewal rates even as new supply competes for tenants.
Ownership costs are elevated relative to national norms, and the neighborhood’s value-to-income metrics trend high. In practice, this high-cost ownership market reinforces reliance on multifamily rentals and can support pricing power, while median rent levels sit well above national medians, warranting attentive lease management and affordability monitoring.
Safety indicators are mixed but improving. Violent offense measures benchmark favorably versus neighborhoods nationwide and have shown notable year-over-year improvement, while property offenses track closer to mid-pack levels. Compared with the 138 neighborhoods across the Santa Rosa-Petaluma, CA metro, the area trends above metro average on violent offense safety and nearer the middle of the pack on property incidents. Investors should underwrite with standard security and lighting enhancements and monitor continued trend improvements over upcoming periods.
Proximity to established logistics operations supports workforce housing demand and commute convenience for hourly and shift-based tenants. Nearby employment is anchored by FedEx in parcel logistics.
- FedEx — parcel logistics (7.1 miles)
This 84-unit, 1978-vintage asset offers exposure to a renter-leaning Urban Core with high neighborhood occupancy and elevated ownership costs that reinforce rental demand. The vintage implies potential value-add and capital planning opportunities—modernizing interiors, common areas, and building systems can sharpen competitiveness against newer stock while supporting rent durability.
According to commercial real estate analysis from WDSuite, the neighborhood’s rent levels trend above national norms while occupancy remains strong relative to metro peers. Within a 3-mile radius, population and household growth point to a larger tenant base over the next five years, supporting leasing stability for well-positioned assets that balance rent growth with affordability.
- High neighborhood occupancy and a sizable renter-occupied housing base support leasing stability
- Elevated ownership costs sustain multifamily demand and retention potential
- 1978 vintage creates value-add and capex angles to enhance NOI
- 3-mile population and household growth expand the tenant pool over time
- Risks: limited nearby lifestyle amenities and mid-pack property crime suggest prudent security and amenity strategy