4824 Gastman Way, Fair Oaks, CA 95628, Fair Oaks, 95628 - 8 bed, 4 bath
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Fair Oaks, CA 95628
This High-Potential Investment Opportunity is a Quadruplex listed at $849,000, positioned well below the $1,064,391 Fair Market Value by 20%. This valuation gap provides $215,391 in Instant Equity. With a Condition Rating of 4, the property is functional but dated, offering significant value-add potential through cosmetic updates. The 0.43-acre lot and four occupied units ensure immediate cash flow and long-term expansion possibilities. This asset is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking a prime Fair Oaks location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4824 Gastman Way Subject | $849,000* List Price | 8 | 4 | 2,680 | $397 | - |
A 10236 Fair Oaks Boulevard Sold | $1,000,000 | 7 | 4 | 2,500 | $400 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, the property is functional and occupied but significantly dated. The kitchen features older laminate countertops with wood trim, painted original cabinetry, and basic appliances that appear to be over 20-30 years old. Exterior shots show window AC units, indicating a lack of modern central HVAC systems, and the interior shows popcorn ceilings and older finishes consistent with a property needing cosmetic and system updates.
The property features four fully occupied units, providing a turnkey investment with consistent cash flow from the first day of ownership.
Situated on a rare 0.43-acre lot, the property offers significant space for additional parking and the potential to add a future unit to increase the total yield.
Located in a highly desirable Fair Oaks neighborhood near the American River Parkway and major commuter routes, ensuring strong long-term tenant demand.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2680, other record living area = 2800.
Built in 1961, the property may require more frequent maintenance or capital expenditures for aging systems compared to newer multi-family developments.
The portfolio consists exclusively of 2-bedroom, 1-bathroom units, which lacks the diversification of a mixed-unit layout to attract a broader range of tenant types.
Rare Fair Oaks Investment Opportunity! Situated on a spacious 0.43-acre lot in a desirable location, this unique property features two duplexes for a total of four well-maintained 2-bedroom, 1-bath units. Each unit includes its own carport with private storage and is designed for easy, long-term rental appeal. All four units are currently occupied, providing immediate income from day one. Unlike properties in a typical duplex neighborhood, this one offers a more spacious setting with a convenient location just minutes from the American River Parkway, the American River, shopping, dining, and commuter routes. The oversized lot provides abundant additional parking and may offer future potential for an additional unit. Whether you're looking to expand your investment portfolio or secure a quality income property in a prime Fair Oaks location, this is an opportunity you won't want to miss.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,680 | - |
| Lot Size | 18,731 | - |
| Price | $849.0K | $634.4K |
| Price per sq ft | $317 | $419 |
| Built year | 1961 | 0 |
| HOA | $0 | $0 |
| Days on market | 2 | 47 |
Jul 20, 2026
$849,000
Initial Listing