
Sacramento, CA 95816
This turnkey fourplex represents a Strong Value Opportunity, listed at a List Price of $999,000—positioned well below the $1,064,493 Fair Market Value by 6%. This valuation gap provides $65,493 in Instant Equity. With a Fair Condition Rating, the property features recent HVAC upgrades and two remodeled units, offering immediate cash flow with upside potential through further modernization. This Residential Income Asset is ideal for Buy-and-Hold Investors or Value-Add Investors seeking a stable, income-producing property in a high-demand rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1717 26th Subject | $999,000* List Price | 4 | 4 | 3,400 | $313 | - |
A 1515 24th Street Sold | $750,000 | 4 | 4 | 3,358 | $223 | 0.2 mi |
B 910 35th Street Sold | $795,000 | 4 | 4 | 2,268 | $351 | 0.9 mi |
C 1717 26th Active | $949,000 List Price | 4 | 4 | 3,400 | $279 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Although two units and HVAC systems were recently updated, the 1910 structure contains other units that remain dated with original worn hardwood floors, older bathroom fixtures, and visible wall-mounted utilities, placing the overall property in the 'Fair' category due to the need for further modernization.
The property features recently replaced HVAC systems in all four units and two fully remodeled units with new kitchens and bathrooms, significantly reducing near-term capital expenditure.
With an estimated 6.5% cap rate and stable long-term tenants, this turnkey fourplex offers immediate and reliable cash flow in a high-demand rental market.
All units include rare in-unit laundry hookups, a highly desirable feature for one-bedroom apartments that increases tenant retention and supports higher rental rates.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3049, other record lot size in square feet = 6000. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3400, other record living area = 3600.
Built in 1910, the property may have underlying aging infrastructure typical of century-old buildings that could require specialized maintenance or future upgrades.
The building occupies nearly the entire 3,049 sqft lot, leaving minimal outdoor space for tenants and likely offering limited or no off-street parking options.
Turnkey fourplex featuring four 1-bedroom, 1-bath units, each offering rare in-unit laundry hookups. All 4 units are occupied by long-term tenants, offering stable cash flow with an estimated cap rate of around 6.5%. Two of the four units were remodeled last year with new kitchens, appliances, and bathrooms. HVAC systems have been recently replaced in all 4 units. Well-maintained property with strong tenant demand and upside potential. Ideal for investors seeking an income-producing asset
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades K-6 • 1.1 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.6 |
| Baths | 4.0 | 3.6 |
| Square foot | 3,400 | 1,911.465 |
| Lot Size | 3,049 | 6,677.419 |
| Price | $999.0K | $673.8K |
| Price per sq ft | $294 | $336 |
| Built year | 1910 | 1956 |
| HOA | $0 | $304 |
| Days on market | 15 | 55 |
Aug 25, 2026
$999,000
Initial Listing
Aug 19, 2024
$910,000
Public Record