
Sacramento, CA 95838
This turnkey duplex represents a Strong Value Opportunity, listed at $675,000, which aligns closely with the $665,968 Fair Market Value. Featuring a Mint Condition Rating following a comprehensive 2024-2025 renovation, this asset includes new roofs, furnaces, and quartz kitchens, ensuring zero deferred maintenance. With $5,200 in monthly gross rent backed by stable subsidy programs, the property offers immediate, low-maintenance cash flow. This is an ideal acquisition for Buy-and-Hold Investors or Passive Income Seekers prioritizing stable, government-supported returns in the Sacramento market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3515-3517 Altos ave Subject 0 bd · 0 ba · 1,960 sqft · $340 | $675,000* List Price | 0 | 0 | 1,960 | $340 | - |
A 3334 Rio Linda Blvd Sold 4 bd · 0 ba · 2,181 sqft · $277 · 0.2 mi | $605,000 | 4 | 0 | 2,181 | $277 | 0.2 mi |
B 804 Nogales Street Sold 5 bd · 3 ba · 1,591 sqft · $390 · 0.1 mi | $620,000 | 5 | 3 | 1,591 | $390 | 0.1 mi |
C 3250 Bozeman Street Active 7 bd · 5 ba · 2,037 sqft · $405 · 0.6 mi | $825,000 List Price | 7 | 5 | 2,037 | $405 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive renovation between late 2024 and 2025, featuring brand-new kitchens with quartz countertops and shaker cabinetry, updated bathrooms with new tile work, and new vinyl flooring throughout. Additionally, major systems including the roofs and furnaces were replaced, qualifying it as a mint-condition asset with no deferred maintenance.
The property underwent a comprehensive 2024-2025 renovation including new roofs, furnaces, kitchens with quartz countertops, and updated bathrooms, eliminating immediate deferred maintenance.
Generating $5,200 in monthly gross rent backed by government and agency subsidies (Section 8 and Shelter, Inc.), the asset provides highly dependable and secure income.
Tenants are responsible for all utilities, which, combined with the brand-new major systems, ensures strong net income and minimal landlord expense obligations.
The majority of assigned public schools in the immediate area have low ratings (ranging from 1 to 4), which may impact long-term resale value to owner-occupants.
The $675,000 asking price is a substantial increase from the $350,000 sale price in June 2024, which may lead to appraisal challenges despite the extensive improvements.
Turnkey duplex investment at 3515-3517 Altos Ave in Sacramento, fully renovated and already producing strong income. Both units were completely updated between late 2024 and 2025, so a new owner can step in with no repairs to plan for and no deferred maintenance to worry about. Each unit features a brand-new kitchen with new cabinetry and quartz countertops, new vinyl flooring throughout, and updated bathrooms with new tiled showers and new shower valves. Major systems have also been replaced, including new roofs and new furnaces, which means the costly big-ticket items are already taken care of. Income is in place from day one. Each unit rents for $2,600 per month, for a combined $5,200 per month, or $62,400 per year in gross rent. Both tenancies are subsidy-backed, with one supported through the Section 8 program and the other through Shelter, Inc., providing dependable, government- and agency-supported rent payments. Tenants pay all utilities, which keeps the owner's operating costs low and the net income strong. This is an ideal opportunity for investors seeking a low-maintenance, cash-flowing asset in a growing Sacramento rental market. Located in the 95838 area with convenient access to major freeways and downtown Sacramento, this renovated, fully occupied property is priced to perform and ready for a buyer who wants stable returns without the work of a rehab. Tenants are in place. Please do not disturb the occupants. Showings by appointment only with proper notice.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.8 mi
Grades 3-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 3.5 |
| Square foot | 1,960 | 1,951.727 |
| Lot Size | 6,970 | 6,558.2 |
| Price | $675.0K | $658.0K |
| Price per sq ft | $344 | $327 |
| Built year | 1991 | 1957 |
| HOA | $0 | $304 |
| Days on market | 5 | 52 |
Oct 19, 2026
$675,000
Initial Listing
Jun 21, 2024
$350,000
Public Record
Apr 30, 2001
$130,000
Public Record