2941 Norcade Circle, Sacramento, CA 95826, Sacramento, 95826 - 0 bed, 0 bath
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Sacramento, CA 95826
This Income-Generating Quadruplex represents a strategic asset with a List Price of $880,000. While positioned above the $757,606 Fair Market Value, the property offers immediate operational stability with a Condition Rating of 4 and 100% occupancy. Each unit features a highly marketable 2-bedroom, 1-bathroom layout, ensuring consistent rental demand and low vacancy rates. Located within a mile of Albert Einstein Middle School and Rosemont High School, the asset benefits from a well-established community setting. This is a prime acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey multi-family portfolio addition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2941 Norcade Circle Subject | $880,000* List Price | 0 | 0 | 3,612 | $210 | - |
A 2856 Norcade Circle Sold | $735,000 | 8 | 4 | 3,612 | $203 | 0.1 mi |
B 2840 Norcade Cir Pending | $750,000 List Price | 0 | 0 | 3,738 | $201 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1969, the property is over 50 years old but appears well-maintained. The interior is functional but significantly dated, featuring popcorn ceilings, older cabinetry with simple paint refreshes, and basic tile/laminate surfaces in the kitchen and baths. While move-in ready for tenants, it requires cosmetic updates and modernization to systems to move beyond a fair rating.
The property features four fully occupied units with reliable tenants, offering an investor stable and immediate rental income from the date of acquisition.
Each unit consists of a 2-bedroom, 1-bathroom layout, which is a highly sought-after configuration that ensures consistent demand and low vacancy rates in the Sacramento rental market.
Situated in the established Cypress Meadow community, this quadruplex is noted for being well-maintained, reducing the immediate need for significant capital expenditures for a new owner.
The $650 monthly association fee represents a substantial recurring operating expense that directly impacts the property's net operating income and overall investment yield.
Originally constructed in 1969, the building may require more frequent maintenance or future modernization of major systems compared to newer residential income properties.
Golden investment, an opportunity to build your portfolio with this fourplex (quadruplex) in a well established community of Cypress Meadow and located in the heart of town which seldom comes on the market. Each unit is 2 bedroom,1 bath are occupied with reliable tenants providing immediate stable cash flow income. The property is well maintained. Come and take advantage of this opportunity of the desirable investment.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 7-8 • 1.0 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 3.0 | 33% |
| Square foot | 3,612 | 3,612 | 50% |
| Lot Size | 8,342 | 7,950 | 67% |
| Price | $880.0K | $735.0K | 67% |
| Price per sq ft | $244 | $244 | 50% |
| Built year | 1969 | 1969 | 50% |
| HOA | $650 | $530 | 67% |
| Days on market | 43 | 141 | 33% |
Apr 24, 2026
$880,000
Initial Listing
Mar 12, 2019
$480,000
Public Record
Jul 2, 2018
$500,000
Public Record
Feb 18, 2005
$550,000
Public Record