3226 W Street, Sacramento, CA 95817, Sacramento, 95817 - 5 bed, 4 bath
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Sacramento, CA 95817
This High-Yield Residential Income Asset is listed at $945,000, representing a stable acquisition for cash-flow-focused portfolios. While the list price is positioned above the $808,389 Fair Market Value, the property generates a superior 8.42% Cap Rate and a 11.88 GRM with a total annual income of $79,548. Featuring four detached cottages in a Good Condition Rating, the property boasts new roofs, fresh paint, and proximity to the UC Davis Medical Center. This turnkey portfolio is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-cash-flow "house hack."
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3226 W Street Subject | $899,000* List Price | 5 | 4 | 1,925 | $428 | - |
A 3043 Marshall Way Active | $740,000 List Price | 4 | 2 | 2,200 | $336 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1939 build date, the property is well-maintained with recent capital improvements including new roofs and fresh paint. Interior photos show high-quality original hardwood floors and at least one unit with a modern kitchen renovation (shaker cabinets, stone counters, new flooring) completed within the last 5 years. While some systems like wall heaters are dated, the property is functional and move-in ready.
The property offers an impressive 8.42% Cap Rate and a GRM of 11.88, representing a high-yield investment opportunity with a total annual income of nearly $80,000.
The layout of four detached cottages provides tenants with superior privacy compared to traditional apartment blocks, featuring individual laundry hook-ups and a shared 3-car garage for additional revenue.
Centrally located near the UC Davis Medical Center and downtown Sacramento, the property is positioned in a high-demand rental market with excellent proximity to major employers and transit.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1925, other record living area = 2564.
Originally built in 1939, the property may require more intensive long-term maintenance of underlying systems compared to newer builds, despite recent cosmetic and roof updates.
With three units currently occupied and unavailable for initial viewing, buyers face a degree of uncertainty regarding the interior condition and tenant housekeeping of the majority of the asset.
Excellent turn-key investment. Fresh paint & new roofs! A great opportunity to own 4 darling & desirable detached cottages on one lot, centrally located on a quiet street near shopping, restaurants & downtown. 3226, 3228 & 3230 W Street are all cute 1 bedroom, 1 full bath cottages with lots of character and charm. Each property features a comfortable living room, spacious kitchen, and inside laundry hook-ups. 3226 is located over the 3-car garage and features 2 bedrooms & 1 full bath & W/D hook-ups. Garage spaces are offered to the tenants to rent for additional income. Tenants pay gas & electricity. Close to everything; UC Davis Medical Center, downtown, award winning schools, shopping, parks & freeway access. One unit, 3230 W Street, has been updated and is vacant and available to be shown. PLEASE DO NOT DISTURB THE TENANTs of the other units. Tenants are on Month-to-Month leases. Tenants pay separately metered gas & electricity. Rents are $1,500, $1,495, $1,502, and $1,895 per month. In addition to rents, tenants also pay a total of $237, combined per month, towards sewer/water/garbage & garage rent. Total monthly income is $6,629. Total annual income is $79,548. GRM is 11.3 and 8.85% Cap Rate based on gross rents. A fantastic investment opportunity with lots of potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 80% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 1,925 | 1,600 | 60% |
| Lot Size | 6,534 | 6,098 | 80% |
| Price | $899.0K | $465.0K | 80% |
| Price per sq ft | $467 | $284 | 80% |
| Built year | 1939 | 1939 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 142 | 20% |
May 12, 2026
$899,000
$945,000
-5% Price Drop
Initial Listing
Apr 26, 2026
$945,000
Initial Listing
Dec 22, 2015
$369,000
Public Record