Connie Drive
Sacramento, CA 95815
4,326Sqft(Lot)
Acres (Lot)
--Prime 8-Unit Multifamily Investment Opportunity - Now priced at $1,015,000 with an estimated cap rate of 6.4%-7.1%, depending on buyer's ownership costs. Current expenses remain low due to legacy ownership, creating room for buyers to optimize returns with modern management. Located near I-80 on a 0.24-acre lot, this 4,326 SF property features two buildings: a front structure with a 3-bed/1-bath unit and a studio, plus a rear two-story building with six 1-bed/1-bath units (three up, three down). Unit 2 is now vacant and receiving updates, offering immediate rental upside. Gross scheduled income is $9,825/month with below-market rents throughout. Amenities include onsite parking, storage sheds, and a small laundry room. Recent improvements include a new water heater installed in May 2025 o
Property Details
Map
Map
Features
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Flooring Information
Carpet, Linoleum -
Roofing Information
Composition, Tar/Gravel, Flat -
Interior Features
Roof: Composition, Tar/Gravel, Flat Laundry Features: Coin Operated, Washer/Dryer Leased, In Common Area, Washer/Dryer Owned -
Heating & Cooling
Heating: Central Cooling: Central, Window Unit(s) WaterSource: Water District
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Building Information
Year Built: 1953 Stories: 2 Construction Materials: Stucco Roof: Composition,Tar/Gravel,Flat Foundation Details: Raised -
Exterior Features
Foundation Details: RaisedPorch: Balcony/Deck -
Laundry Features
Coin Operated, Washer/Dryer Leased, In Common Area, Washer/Dryer OwnedPatio And Porch
Balcony/Deck
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Lot Information
Lot Description: None Lot Square Feet: 10,454 Stories: 2 Main Square Feet: 4,326Property Information
Property Type: ResidentialIncome Sub Type: 5 or More Units SQ ft (Living Area): 4,326 Construction Materials: Stucco Property Age: 73 Cross Street: El Camino Ave Source Neighborhood: 10815 Area: Sacramento S: 95815 Zoning: R-1 Structure Type: ApartmentsFarm Info
Irrigation Source: Public District
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Listing Price Information
Listing Id: 225025366 List Price: $1,015,000 List Price Tot SqFt: $235
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Tax Information
Parcel Number: 266-0332-007-0000
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Parking Information
Parking Total: 7 Uncovered
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Elementary School District: Twin Rivers UnifiedJunior High School District: Twin Rivers UnifiedSenior High School District: Twin Rivers Unified
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Utility Information
Sewer In & Connected, Other -
Location Information
Direction: El Camino Ave to Connie Dr
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| Selma Street, Sacramento, CA, 95815 | $180,000 | -- | -- | -- | 14,374.80 Sqft(Lot) |
| Diamond Avenue, Sacramento, CA, 95815 | $195,000 | -- | -- | -- | 94,089.60 Sqft(Lot) |
| Arcade Boulevard, Sacramento, CA, 95815 | $55,000 | -- | -- | -- | 4,225.32 Sqft(Lot) |
| Selma Street, Sacramento, CA, 95815 | $199,999 | -- | -- | -- | 14,374.80 Sqft(Lot) |
| Rio Linda Boulevard, Sacramento, CA, 95815 | $165,000 | -- | -- | -- | Acres (Lot)-- |
| Del Paso Boulevard, Sacramento, CA, 95815 | $295,000 | -- | -- | -- | 33,375.67 Sqft(Lot) |
| Connie Drive, Sacramento, CA, 95815 | $1,199,000 | -- | -- | 4,296 | 14,374.80 Sqft(Lot) |
| El Monte Avenue, Sacramento, CA, 95815 | $1,175,000 | -- | -- | 4,680 | 10,018.80 Sqft(Lot) |
| Marconi Circle, Sacramento, CA, 95815 | $550,000 | -- | -- | -- | Acres (Lot)-- |
| El Monte Avenue, Sacramento, CA, 95815 | $150,000 | -- | -- | -- | Acres (Lot)-- |
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ByOwner last updated this listing 06/22/2026 @ 01:11
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