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1855 Petaluma Hill Road, Santa Rosa, CA 95404

Local realty services provided by:CENTURY 21 Kobetz Realty
1855 Petaluma Hill Road,Santa Rosa, CA 95404
$6,250,000
  • - Beds
  • - Baths
  • 16,429 sq. ft.
  • Multi-family
  • Active
Listed by: steven level
Office: berkshire hathaway
MLS#:326007111
Source:CABAREIS

Price summary

  • Price:$6,250,000
  • Price per sq. ft.:$380.42

About this home

Excellent opportunity to acquire a 39-unit apartment complex on over two acres in Santa Rosa, offering immediate cash flow with significant value-add potential. Colgan Creek Cottages features a diverse unit mix comprised of one (1) 3-bedroom, 2-bath single-family home, one (1) 3-bedroom cottage, four (4) 2-bedroom units, thirteen (13) 1-bedroom units, and twenty (20) studios, spread across multiple parcels. Unlike traditional apartment buildings, most residences are individual cottages with no shared wallsan appealing layout that enhances privacy and drives tenant demand. Amenities include an on-site laundry room with attached workshop and office, three storage buildings, ample on-site parking, and a utility structure that allows for substantial cost recovery through tenant bill-backs. Situated in one of the fastest-growing submarkets of Santa Rosa, the complex enjoys historically strong occupancy with minimal turnover. Significant upside exists through unit renovations and upgrades,

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Home facts

  • Year built:1939
  • Listing ID #:326007111
  • Updated:January 29, 2026 at 07:44 PM

Rooms and interior

  • Living area:16,429 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1939
  • Building area:16,429 sq. ft.
  • Lot area:2.35 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$6,250,000
  • Price per sq. ft.:$380.42
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