| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 84th | Best |
| Demographics | 23rd | Poor |
| Amenities | 13th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2496 Stony Point Rd, Santa Rosa, CA, 95407, US |
| Region / Metro | Santa Rosa |
| Year of Construction | 1999 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2496 Stony Point Rd Santa Rosa Multifamily Investment
This 66-unit property built in 1999 benefits from strong neighborhood occupancy rates at 98.3%, ranking in the top quartile among Santa Rosa-Petaluma metro neighborhoods according to CRE market data from WDSuite.
Located in Santa Rosa's Urban Core, this neighborhood demonstrates solid fundamentals for multifamily investors despite mixed amenity density. The area ranks in the top quartile nationally for occupancy rates at 98.3%, significantly outperforming most markets and indicating strong tenant retention dynamics. With 51.1% of housing units renter-occupied, the neighborhood maintains a substantial rental base that supports consistent demand.
Built in 1999, this property aligns with the neighborhood's average construction year of 1982, positioning it as newer vintage that may require less immediate capital expenditure compared to older stock. Median contract rents of $1,715 reflect competitive pricing within the Santa Rosa market, though rent growth has been modest at 49% over five years.
Demographics within a 3-mile radius show a stable population of approximately 84,800 residents with balanced age distribution and median household income of $82,041. Forecasted household growth of 37.5% through 2028 suggests expanding renter pools, while projected median income increases to $113,469 could support rent advancement over time. However, the neighborhood's limited amenity infrastructure—ranking in the bottom percentiles nationally for cafes, restaurants, and parks—may impact tenant appeal and retention strategies.
Safety metrics present a mixed profile for this Santa Rosa neighborhood. Property crime rates of 439.7 per 100,000 residents place the area in the 40th percentile nationally, indicating moderate property crime levels compared to neighborhoods across the country. More positively, violent crime rates are notably low at 11.0 per 100,000 residents, ranking in the 68th percentile nationally.
Recent trends show improvement, with violent crime declining 77.3% year-over-year, ranking 6th among 138 metro neighborhoods for crime reduction. Property crime also decreased 5.4% annually. While absolute crime levels remain moderate, the improving trajectory suggests enhanced neighborhood stability that could support tenant retention and property values over time.
The local employment base includes corporate operations that provide workforce housing demand for area multifamily properties.
- FedEx — logistics and shipping services (7.6 miles) — HQ
This 66-unit Santa Rosa property offers investors exposure to a market with exceptionally strong occupancy fundamentals and improving safety trends. The neighborhood's 98.3% occupancy rate ranks in the top quartile nationally, suggesting minimal vacancy risk and stable cash flows. Built in 1999, the property represents newer vintage within the local stock, potentially reducing near-term capital expenditure needs while maintaining competitive positioning.
Demographic projections within the 3-mile radius support long-term rental demand, with household growth of 37.5% forecast through 2028 and median incomes expected to rise 38% to $113,469. According to multifamily property research from WDSuite, these fundamentals occur alongside declining crime rates and a substantial 51.1% renter-occupied housing base that reinforces the tenant pool depth.
- Top quartile occupancy rates at 98.3% indicate strong tenant retention
- Newer 1999 construction reduces immediate capital expenditure requirements
- Projected 37.5% household growth expands potential tenant base through 2028
- Limited amenity density may require enhanced tenant retention strategies