3640 3rd Avenue, Sacramento, CA 95817, Sacramento, 95817 - 2 bed, 3 bath
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Sacramento, CA 95817
This High-Potential Investment Opportunity is a Triplex listed at $899,000, positioned slightly above the $889,420 Fair Market Value. Despite the premium, the property offers a proven $64,800 annual gross income and a Condition Rating of 3, featuring modern renovations like mini-split HVAC and updated kitchens. Its proximity to the UC Davis Medical Center ensures consistent rental demand. With a 6,098 sqft lot and a private patio, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3640 3rd Avenue Subject | $899,000* List Price | 2 | 3 | 1,300 | $684 | - |
A 3849 3rd Avenue Active | $725,000 List Price | 4 | 2 | 1,087 | $667 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1957, the property has undergone significant renovations likely within the last 5-15 years. Interior photos show modernized bathrooms with contemporary tile work, an updated kitchen with stone countertops and white cabinetry, and the installation of modern mini-split HVAC systems. The property appears well-maintained and move-in ready, consistent with its current use as a high-performing furnished rental.
The property is a turnkey investment currently generating a substantial annual gross income of $64,800 from three furnished rental units, providing immediate cash flow for the buyer.
Located within walking distance to UC Davis Medical Center and Shriners Hospital, the property is ideally situated to capture high demand from medical professionals and traveling nurses.
The unique layout featuring a duplex plus a detached studio offers versatile options for investors or owner-occupants looking to house-hack and offset their mortgage with rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1300, other record living area = 1362. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
With a list price of $899,000 for only 1,300 square feet of living space, the property commands a premium price point that may be difficult to justify based on traditional square footage valuations.
The property is served by schools with lower academic ratings, specifically a high school rated 2/10, which may deter long-term family tenants and limit the pool of future owner-occupant buyers.
Excellent opportunity for an investor or homeowner looking for additional income! This unique property features a duplex in front plus a detached studio in the back. Currently operated as three individual furnished rentals, the property generates an annual gross income of $64,800. Excellent location within walking distance to local restaurants, bars, and shops, just minutes from UC Davis Medical Center and Shriners Hospital, and biking distance to downtown. One unique property with so many possibilities!
No exterior & parking available.
Grades K-6 • 1.3 mi
Grades 7-8 • 1.6 mi
Grades 7-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,300 | 1,514 | 40% |
| Lot Size | 6,098 | 6,098 | 50% |
| Price | $899.0K | $465.0K | 80% |
| Price per sq ft | $692 | $284 | 80% |
| Built year | 1957 | 1950 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 141 | 20% |
May 28, 2026
$899,000
Initial Listing
Aug 24, 2020
$660,000
Public Record
Jul 12, 2016
$318,500
Public Record
May 26, 2011
$86,000
Public Record
Oct 10, 2003
$241,000
Public Record