4220 E Nichols Ave, Sacramento, CA 95820, Sacramento, 95820 - 0 bed, 0 bath
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4220 E Nichols Ave
Sacramento, CA 95820
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,209Sq Ft
10,019Lot Size
Property Price
LIST PRICE$439,000
EST. MARKET VALUE
$471,730
6% BelowMARKET VALUE
SUMMARY
This triplex presents a Strong Value Opportunity with a List Price of $454,900—positioned well below the $507,582 Fair Market Value by 10%. This valuation gap offers $52,682 in Instant Equity for buyers. Featuring a 10,019 sqft lot and an unfinished basement, the property has a Condition Rating of 4, requiring strategic renovations to maximize rental yields. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to utilize house-hacking strategies to offset mortgage costs.
Estimated Market Value
$471,730+$32,730 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 4220 E Nichols Ave Subject 0 bd · 0 ba · 2,209 sqft · $214 | $439,000* List Price | 0 | 0 | 2,209 | $214 | - |
A 3600 26th Sold 4 bd · 2 ba · 1,580 sqft · $241 · 0.7 mi | $380,000 | 4 | 2 | 1,580 | $241 | 0.7 mi |
B 3878 17th Ave Active 3 bd · 2 ba · 1,657 sqft · $241 · 0.3 mi | $400,000 List Price | 3 | 2 | 1,657 | $241 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1938, this 86-year-old triplex is described as needing work but remaining in rentable condition. While interior photos show some updates like newer tile flooring and paint, the exterior shows significant weathering and the listing explicitly mentions the need for further renovation, particularly in the unfinished basement.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
The triplex configuration is ideal for house hacking, allowing an owner to reside in the 2-bedroom back house while two additional units generate rental income to significantly offset mortgage costs.
- Value-Add Opportunity
The presence of an unfinished basement in the front house offers a clear path to equity growth, providing the potential to add a bedroom or functional storage through renovation.
- Substantial Lot Size
At over 10,000 square feet, the expansive lot is a rare find for a multi-family property, offering ample space for tenant privacy and potential future site improvements.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The property is noted to require additional work, indicating that an incoming investor will need to budget for immediate repairs and modernization to bring the units to peak market condition.
- Low School Ratings
The assigned middle and high schools carry low ratings of 2/10, which may limit the property's appeal to families and impact long-term appreciation compared to higher-rated districts.
About 4220 E Nichols Ave
Come view this hard to find triplex. All units are in good and rentable condition. Perfect place for a family to live in the 2 bedroom back house and collect rent from the other two units(one 2 bed.1bath and one 1 bed.1 bath) Don't miss out!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1938
- Lot Size
- 10,019 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sacramento Unified Schools
Father Keith B. Kenny
Grades K-8 • 0.5 mi
6/10
Will C. Wood Middle School
Grades 7-8 • 2.0 mi
2/10
California Middle School
Grades 7-8 • 2.3 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 3.5 |
| Square foot | 2,209 | 1,951.727 |
| Lot Size | 10,019 | 6,558.2 |
| Price | $439.0K | $658.0K |
| Price per sq ft | $199 | $327 |
| Built year | 1938 | 1957 |
| HOA | $0 | $304 |
| Days on market | 23 | 52 |
Pricing History
Listed for Sale
Oct 17, 2026
$439,000
$454,900
-3% Price Drop
Initial Listing
Price Change
Oct 1, 2026
$454,900
Initial Listing
Sold
Jun 9, 2003
$165,000
Public Record