4220 E Nichols Avenue, Sacramento, CA 95820, Sacramento, 95820 - 3 bed, 2 bath
ACTIVE$429,900
4220 E Nichols Avenue, Sacramento, CA 95820
3Beds
2Baths
1,650Sqft
10,019Lot
Year Built
1938
Close
-
List price
$430K
Original List price
-
Price/Sqft
$261
HOA
$0
Days on market
-
Sold On
-
MLS number
225129394
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $429.9K(27th), sqft - 1650(67th), beds - 3(33th), baths - 2(50th).
Come check out this triplex that has room to add more units. Triplex includes two 2 bedrooms and one 1 bedroom. With some improvements potential rents could reach more than $5k a month. Live in back house and collect the rent from the front two units. All tenants on month to month contracts.Best priced triplex in the area.
Nearby schools
6/10
Father Keith B. Kenny
Public,•K-8•0.5mi
2/10
Will C. Wood Middle School
Public,•7-8•2.0mi
4/10
California Middle School
Public,•7-8•2.3mi
2/10
Hiram W. Johnson High School
Public,•9-12•1.9mi
Price History
Date
Event
Price
10/04/25
Price Change
$429,900
06/09/03
Sold
$165,000
Condition Rating
Poor
Built in 1938, this triplex shows significant signs of age and deferred maintenance. The kitchen features very old white cabinets, laminate countertops, and dated appliances. Bathrooms are similarly outdated with old vanities and fixtures. Flooring consists of dated tile throughout. The exterior appears weathered with unkempt landscaping and visible window AC units, suggesting an inefficient cooling system. The listing itself indicates that 'improvements' and 'capital investment' are required to reach potential rental income, aligning with the need for substantial repairs and rehabilitation rather than minor updates.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex, offering multiple income streams and diversified rental revenue, reducing vacancy risk compared to single-unit properties.
Development & Expansion Potential: A generous 10,019 sqft lot and explicit mention of 'room to add more units' provide significant future development or value-add opportunities.
Strong Rental Income Upside: With potential rents exceeding $5,000 per month after improvements, the property offers substantial cash flow growth for investors.
Flexible Tenant Agreements: All tenants are on month-to-month contracts, providing the new owner with immediate flexibility for rent adjustments, renovations, or owner-occupancy.
Competitive Market Value: Positioned as the 'best priced triplex in the area,' indicating a strong value proposition and attractive entry point for investors.
Cons
Required Capital Investment: Achieving the stated rental potential necessitates 'some improvements,' implying additional capital expenditure for renovations or upgrades.
Property Age & Potential Maintenance: Built in 1938, the property is older, suggesting a higher likelihood of deferred maintenance, outdated systems, and ongoing repair costs.
Subpar School Ratings: Several nearby middle and high schools have low ratings (2-4), which may negatively impact desirability for families prioritizing school quality.