| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 47th | Poor |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2355 Meadow Way, Santa Rosa, CA, 95404, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1990 |
| Units | 100 |
| Transaction Date | 1998-06-23 |
| Transaction Price | $7,345,000 |
| Buyer | PENNINGTON BRAD W |
| Seller | HOLDORF MILAN MILTON |
2355 Meadow Way Santa Rosa Multifamily Investment
This 100-unit property benefits from neighborhood-level occupancy of 98.5% and strong rental fundamentals in Santa Rosa's inner suburban market, according to CRE market data from WDSuite.
Located in Santa Rosa's inner suburban market, this neighborhood ranks 16th among 138 metro neighborhoods with an A-grade rating. The area demonstrates strong fundamentals for multifamily investment, with neighborhood-level occupancy at 98.5% ranking in the top quartile among metro neighborhoods. Renter-occupied units comprise 64.7% of housing stock, ranking 7th regionally and indicating robust rental demand depth.
Built in 1990, this property aligns with the neighborhood's average construction year of 1995, positioning it competitively within the local building stock without immediate capital expenditure pressures. The area's median contract rent of $1,830 ranks in the top quartile nationally, while the rent-to-income ratio suggests affordability considerations that warrant attention in lease management and renewal strategies.
Demographics within a 3-mile radius show a population of 82,634 with household income growth of 34.7% over five years. Forecasted data indicates continued population growth of 7.9% through 2028, supporting expansion of the renter pool. The neighborhood benefits from exceptional amenity density, ranking 2nd regionally for grocery stores and 7th for restaurants, enhancing tenant appeal and retention potential.
Housing fundamentals remain strong with the neighborhood ranking 5th among metro areas for overall housing metrics. Average NOI per unit of $12,605 ranks 11th regionally, indicating solid income-generating potential relative to comparable properties in the Santa Rosa market.
Safety metrics show mixed trends requiring investor attention. The neighborhood ranks 122nd of 138 metro neighborhoods for overall crime, placing it in the lower half regionally with a 39th national percentile. Property offense rates are elevated at 2,448 per 100,000 residents, ranking 134th regionally and 8th percentile nationally.
However, violent crime trends show improvement with rates declining 38.1% year-over-year, ranking 37th regionally and 80th percentile nationally for this positive trend. Investors should factor safety considerations into tenant screening, property management protocols, and security infrastructure planning while monitoring ongoing crime trend developments in lease renewal and marketing strategies.
The employment base includes corporate office presence supporting workforce housing demand in the broader Santa Rosa market.
- FedEx — corporate offices (8.3 miles)
This 100-unit Santa Rosa property presents solid fundamentals anchored by exceptional neighborhood occupancy of 98.5% and strong rental market positioning. The 1990 construction year aligns with area norms while the property benefits from robust amenity density and rental demand depth, with nearly two-thirds of housing units occupied by renters. Demographic projections show continued population and household growth through 2028, supporting tenant base expansion.
According to multifamily property research from WDSuite, the neighborhood's A-grade rating reflects strong housing metrics and above-average NOI performance regionally. However, investors should account for elevated property crime rates and affordability pressures indicated by rent-to-income ratios when evaluating lease management and renewal strategies.
- Neighborhood occupancy of 98.5% ranks in top quartile among metro areas
- Strong rental demand with 64.7% renter-occupied housing units
- Population growth of 7.9% forecasted through 2028 supports tenant base expansion
- Exceptional amenity density with top-tier grocery and restaurant access
- Risk considerations include elevated property crime rates and affordability pressures requiring active management