1685 Glenrose Avenue, Sacramento, CA 95815, Sacramento, 95815 - 6 bed, 3 bath
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Sacramento, CA 95815
This Sacramento Value-Add Triplex Asset is listed at $699,000, offering a strategic entry into the multi-family market. While the $630,606 Fair Market Value reflects the stability of the local submarket, the delivery of two vacant units provides an immediate opportunity to reset rents and maximize ROI. The property holds a Fair Condition Rating and includes high-demand features like individual laundry hookups and dedicated off-street parking on a large corner lot. This functional investment is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to capitalize on immediate rental upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1685 Glenrose Avenue Subject | $699,000* List Price | 6 | 3 | 2,400 | $263 | - |
A 3135 Academy Way Active | $699,000 List Price | 6 | 0 | 2,782 | $251 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1959, this triplex is in fair condition, appearing well-maintained but largely unrenovated. While the interior shows some updates like newer tile and carpet in certain rooms, the overall aesthetic remains dated with older closet doors, window AC units, and weathered exterior wood. It is functional and move-in ready for tenants but lacks the comprehensive modernization required for a higher rating.
The property is delivered with two vacant units, providing the buyer the immediate opportunity to select their own tenants and set market-rate rents to maximize cash flow.
Each of the three 2-bedroom units includes individual laundry hookups, a highly desirable feature for tenants that significantly enhances the property's competitive edge in the rental market.
Situated on a large corner lot with dedicated off-street parking, the property offers superior accessibility and a sense of space that is often lacking in multi-family investments.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2400, other record living area = 2052.
The current income is noted as being below market value, which may impact initial debt coverage ratios and require a stabilization period to reach full profit potential.
Built in 1959, the property may require significant capital expenditures for system upgrades or modernization to maintain its appeal and meet modern building standards.
3 large 2 Bedroom, 1 Bath Units (triplex) with laundry hookups in each unit. Below Market Rent. Off-street parking. Large Corner Lot. Delivered with 2 vacant units so Buyer can select new tenants. Close to everything. Make offer subject to inspection. Seller will look at all offers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 6.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,400 | 2,025 | 78% |
| Lot Size | 7,405 | 7,405.2 | 44% |
| Price | $699.0K | $400.0K | 56% |
| Price per sq ft | $291 | $336 | 44% |
| Built year | 1959 | 1959 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 71 | 174 | 11% |
Mar 28, 2026
$699,000
$769,000
-9% Price Drop
Initial Listing
Feb 10, 2026
$769,000
Initial Listing
Jan 20, 2015
$228,000
Public Record
Jun 29, 1999
$92,500
Public Record