3216 Palmer St, Sacramento, CA 95815, Sacramento, 95815 - 3 bed, 2 bath
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3216 Palmer St
Sacramento, CA 95815
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,615Sq Ft
15,682Lot Size
Property Price
LIST PRICE$575,000
EST. MARKET VALUE
$521,048
10% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a Hybrid Asset listed at $630,000, positioned slightly above the $595,746 Fair Market Value. Despite the premium, the property offers a turnkey Dual-Income Potential with a combined $4,700 monthly gross income. Featuring a Condition Rating of 3, the main home and Permitted ADU provide immediate cash flow. The expansive 0.36-acre lot offers significant long-term utility. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants utilizing house-hacking to offset mortgage costs.
Estimated Market Value
$521,048
Based on Realkey algorithm analyzing recent comparable sales in Sacramento.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3216 Palmer St Subject 3 bd · 2 ba · 1,615 sqft · $323 | $575,000* List Price | 3 | 2 | 1,615 | $323 | - |
A 1815 Kenwood Street Sold 3 bd · 2 ba · 1,362 sqft · $323 · 0.4 mi | $440,000 | 3 | 2 | 1,362 | $323 | 0.4 mi |
B 1150 Arcade Boulevard Pending 3 bd · 2 ba · 1,827 sqft · $301 · 0.5 mi | $550,000 List Price | 3 | 2 | 1,827 | $301 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1947, the property has undergone significant interior updates including newer LVP flooring, recessed lighting, and a fully permitted ADU with a modern kitchen. The main house kitchen and bathrooms appear functional and well-maintained with some stainless appliances, though some original 1940s built-ins remain. The overall condition is move-in ready and turnkey for investors.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15682, living area = 1700.
- Dual-Income Potential
The property features two permitted units generating a combined $4,700 monthly rent, offering a turnkey investment or a perfect house-hacking opportunity to offset mortgage costs.
- Permitted ADU
Includes a fully permitted, detached 600 sq ft ADU with 2 bedrooms and 1 bathroom, providing legal rental income and added property value without the risks of unpermitted structures.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1700, other record living area = 2126.
- Property Age
Originally built in 1947, the main residence may require ongoing maintenance or updates to aging systems like plumbing and electrical to meet modern standards.
- Occupancy Constraints
With both units currently occupied, owner-occupants must navigate a 60-day notice period for vacancy, which could delay move-in timelines or complicate immediate possession.
About 3216 Palmer St
UNBEATABLE VALUE & CASH FLOW IN SACRAMENTO! Well maintained home. This dual-unit property offers 2,217 sq ft across two independent residences on a massive 0.36-acre cul-de-sac lot. Officially designated as 2 units per title profile, bringing in $4,700/month in gross rental income across both units. The main home features 3 bedrooms, 2 bathrooms (~1,615 sq ft), an oversized 744 sq ft 2-car attached garage (huge workshop potential!), and a rare 270 sq ft basement, currently renting for $2,900/month. The detached, fully permitted ADU features 2 bedrooms, 1 bathroom (~602 sq ft), renting for $1,800/month. Turnkey setup for savvy investors looking for immediate cap rate, or owner-occupants looking to house-hack! Seller can deliver either unit vacant prior to close with an acceptable offer (60-day notice required). Appraiser floor plan attached in MLS documents. Conveniently located near major thoroughfares, shopping, and downtown Sacramento. Don't miss this opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 15,682 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,615 | 1,541.53 |
| Lot Size | 15,682 | 6,320.667 |
| Price | $575.0K | $503.2K |
| Price per sq ft | $356 | $331 |
| Built year | 1947 | 1975 |
| HOA | $0 | $130 |
| Days on market | 33 | 47 |
Pricing History
Listed for Sale
Oct 15, 2026
$575,000
$630,000
-9% Price Drop
Initial Listing
Price Change
Sep 21, 2026
$630,000
Initial Listing
Sold
Jan 20, 2021
$380,000
Public Record
Sold
Jun 10, 2020
$360,000
Public Record
Sold
Jan 19, 2000
$111,500
Public Record