4015 Hoen 4015 Hoen Ave 10 Unit Apartment Building $2,995,000 ($299,500/Unit) 5.40% Cap Rate Santa Rosa, CA 95405

4015 Hoen Avenue presents a rare opportunity to acquire a well-maintained 10-unit multifamily asset in Santa Rosa’s highly desirable Bennett Valley neighborhood. The property consists of four separate residential buildings thoughtfully arranged around a landscaped central courtyard, creating an attractive community environment for residents while providing efficient management and long-term tenant appeal.
Constructed in 1969, the complex has benefited from exceptional ownership and ongoing maintenance, reflecting a strong pride of ownership throughout the property. The desirable unit mix of five (5) 2-bedroom, 1-bath units and five (5) 1-bedroom, 1-bath units is complemented by in demand tenant amenities, including six garages, six covered parking spots, an on-site laundry facility and dual-pane windows throughout. Two units feature forced-air heating, while the remaining units are equipped with wall furnaces, and all units offer through-wall air conditioning.
The location is among the property’s strongest attributes. Residents enjoy convenient access to Bennett Valley’s abundant recreational amenities, including Howarth Park and Spring Lake Regional Park, both offering extensive trails, open space, and outdoor activities. Daily shopping needs are easily met within walking distance at Mayette Village Shopping Center, anchored by Whole Foods Market and complemented by a variety of neighborhood-serving retailers and restaurants.
Strategically positioned with excellent access to Highway 101 and major employment corridors, 4015 Hoen Avenue offers a compelling combination of neighborhood charm, tenant convenience, and commuter accessibility. The property’s desirable location, strong physical condition, and proven ownership stewardship make it an attractive investment opportunity in one of Santa Rosa’s most sought-after residential submarkets.