Pending

3rd Avenue

Sacramento, CA 95817
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Fantastic Investment opportunity in one of Sacramento's fastest growing neighborhoods, Oak Park. ~3,900sqft total in 3 total buildings spread across a 6,098sqft lot. FRONT unit: 4bed, 2bath, ~1,500sqft, detached, laundry in unit, access from 3rd ave, 1 off street parking space. MIDDLE 2 UNITS: 1bed+DEN, 1bath, ~600sqft & 1bed+DEN, 1bath, ~600sqft, two story building, laundry in both units, and large storage closets. BACK UNIT: 3bed, 2.5bath, ~1,200sqft, detached, laundry in unit, access from Alley, 1 off street parking space. All units have undergone extensive renovations and retrofits which should leave the next owner with little future on going maintenance. 1 of 4 units rented, the front house at a total of $2,995 per month for one year; the current owner is prepared to deliver the prope rty with 3 units vacant or can help lease up the entire property. This is an excellent opportunity for an investor looking for a stable asset in Sacramento with a ton of potential upside. This could also make a good investment for someone that wants to live in one unit and rent the other three. The property, with estimated market rents and expenses, could achieve a 8.59CAP, 9.6GRM and is being sold at approximately $294 per sqft.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,150,000

AD Id : 58033115

MLS Id : 224080798

Living Area Size : 3,900

Year Built : 1918

County : Sacramento

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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3851 3rd Avenue, Sacramento, CA, 95817 $725,000 -- -- 2,174 2,174 SqFt
W Street, Sacramento, CA, 95817 $1,019,000 -- -- 1,923 1,923 SqFt
4143 12th Avenue, Sacramento, CA, 95817 $675,000 -- -- 1,980 1,980 SqFt
4th Avenue, Sacramento, CA, 95817 $749,900 -- -- 1,664 1,664 SqFt
V Street, Sacramento, CA, 95817 $699,000 -- -- 1,869 1,869 SqFt
2nd Avenue, Sacramento, CA, 95817 $1,199,999 -- -- 3,156 3,156 SqFt
Y Street, Sacramento, CA, 95817 $1,299,000 -- -- 3,008 3,008 SqFt
V Street, Sacramento, CA, 95817 $1,199,000 -- -- 2,160 2,160 SqFt
Y Street, Sacramento, CA, 95817 $1,069,000 -- -- 3,008 3,008 SqFt
Broadway, Sacramento, CA, 95817 $525,000 -- -- 2,112 2,112 SqFt

ByOwner last updated this listing 06/26/2026 @ 05:51

MLS: 224080798 LISTED BY: Michael Nerby, Intero Real Estate Services SOURCE: MLS Metrolist

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