Walkham Townhomes — Sale in Santa Rosa, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Santa Rosa, CA 95407

Investment Figures

Cap rate
5.90%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Walkham Townhomes is a pride of ownership apartment community located in the heart of Santa Rosa, California. The property consists entirely of highly desirable three bedroom, two and one-half bath townhouse style floor plans with an attached garage, large patio, and full-size washer/dryer hookups. The property had extensive renovation in 2018. In 2024, much of the exterior siding was replaced and the entire complex was repainted. At the same time, improvements were made to the landscaping and fence. The unique, desirable floor plans and quiet location have produced a long history of high occupancy. Tenants enjoy the central location just minutes from downtown with easy access to both Highways 101 and 12. Investment Highlights: • • Excellent Assumable Financing At Below Current Rates: Interest-Only Payments at 3.93%; Down Payment of $3,410,000 (34%); Cash on Cash Return 9.80%. Principal Balance Not Due Until December 1, 2029. • All Highly Desirable Three Bedroom/Two and One-Half Bath Townhouse Units With Full Size Washer /Dryer Hookups in Each Unit, Attached Garage And Large Patio. • Extensively Renovated in 2018: Completely New Kitchens With Stainless Steel Appliances; New Wood-Like Flooring Throughout; Granite Counter-Tops and Cabinets In Kitchen/ Baths; Full Size Washer/Dryer • Units are Individually Metered for Water. Tenants Pay Water/Sewer Bill Directly to City. • Potential Conversion To PUD (Planned Unit Development) Presents Additional Exit Strategy Of Selling The Individual Units To Enhance Profits At Resale.

Market Context

This multifamily in Santa Rosa, CA is listed for sale. It is offered at an approximate 5.9% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 99 days. Compare it against other multifamily listings for sale in Santa Rosa, CA — view the full market.

As of Q1 2026, the San Francisco North Bay multifamily market showed a 7.0% vacancy rate, average asking rents near $1200.00/unit/mo, rents up 3.0% year over year, and cap rates around 5.6%. Source: Cushman & Wakefield Q1 2026 market report.

Its 5.9% asking cap rate is above the San Francisco North Bay multifamily market average of about 5.6%, implying a higher yield (and typically more risk or upside) than comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in San Francisco North Bay?
About 5.6% as of Q1 2026, per Cushman & Wakefield.
Is the San Francisco North Bay multifamily market tightening or softening?
Vacancy is around 7.0%, with asking rents rising year over year (Q1 2026).

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