5618 Madison Ave #3, Sacramento, CA 95841, Sacramento, 95841 - 2 bed, 1 bath
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5618 Madison Ave #3
Sacramento, CA 95841
ACTIVE
CONDITION: FAIR
2Beds
1Baths
840Sq Ft
1,821Lot Size
Property Price
LIST PRICE$195,000
EST. MARKET VALUE
$190,779
SUMMARY
This condo represents a High-Potential Investment Opportunity, listed at $195,000—positioned slightly above the $190,779 Fair Market Value. While the price reflects current market stability, the property features a Condition Rating of 4, benefiting from a newer HVAC system and luxury vinyl flooring. The unit offers a strategic location near American River College, driving consistent rental demand. With its low entry price and functional layout, this is a Buy-and-Hold Investor asset or an ideal choice for first-time buyers seeking a manageable, well-located residence.
Estimated Market Value
$190,779
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 |
|---|---|---|---|---|---|---|
★ 5618 Madison Ave #3 Subject 2 bd · 1 ba · 840 sqft · $227 | $195,000* List Price | 2 | 1 | 840 | $227 | - |
A 5630 Madison Avenue 1 Sold 2 bd · 1 ba · 795 sqft · $296 · 0.0 mi | $235,000 | 2 | 1 | 795 | $296 | 0.0 mi |
B 5181 Connecticut Drive 4 Sold 2 bd · 1 ba · 924 sqft · $222 · 0.1 mi | $205,000 | 2 | 1 | 924 | $222 | 0.1 mi |
C 5160 Connecticut Drive 4 Sold 2 bd · 1 ba · 924 sqft · $249 · 0.1 mi | $230,000 | 2 | 1 | 924 | $249 | 0.1 mi |
D 5122 Rhode Island Drive 3 Sold 2 bd · 1 ba · 840 sqft · $264 · 0.1 mi | $222,000 | 2 | 1 | 840 | $264 | 0.1 mi |
E 5820 Shadow Creek Drive 3 Sold 2 bd · 2 ba · 880 sqft · $256 · 0.3 mi | $225,000 | 2 | 2 | 880 | $256 | 0.3 mi |
F 5636 Madison Avenue 2 Pending 2 bd · 1 ba · 840 sqft · $213 · 0.0 mi | $179,000 List Price | 2 | 1 | 840 | $213 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The condo features positive updates including newer luxury vinyl plank flooring, newer carpet, and a newer HVAC system. However, the kitchen remains dated with older painted cabinetry, tiled countertops, and popcorn ceilings throughout, reflecting its 1969 age and requiring cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Interior Upgrades
The unit features newer luxury vinyl plank flooring, fresh carpeting, and a recently updated HVAC system, offering immediate comfort and reducing near-term maintenance costs for the buyer.
- Prime Location & Accessibility
Ideally situated near American River College, Arcade Creek Park, and major freeway access, this property offers high convenience for students, commuters, and renters alike.
- Competitive Price Point
Listed at $195,000, this condo represents an excellent entry-level opportunity for first-time homeowners or investors seeking a turnkey rental property in the Sacramento market.
CONSRISKS & DEFICIENCIES
- Shared Laundry Facilities
The lack of an in-unit washer and dryer requires residents to use a shared laundry room, which may be seen as a convenience drawback compared to more modern developments.
- Building Age & Infrastructure
Constructed in 1969, the property may face long-term infrastructure aging concerns common in older complexes, and the $330 monthly HOA fee adds to the recurring carrying costs.
About 5618 Madison Ave #3
Bright and inviting, this downstairs 2-bedroom, 1-bath condo in Madison Villa Estates offers a spacious layout with newer luxury vinyl plank flooring and carpet throughout. A newer HVAC system adds everyday comfort. Enjoy pool access, covered parking, private storage, and a shared laundry room serving just four units. Conveniently located near shopping, restaurants, American River College, Arcade Creek Park, public transportation, and freeway access. Whether you're looking for a place to call home or an investment property, this condo is worth a look!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1969
- Lot Size
- 1,821 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $330 / Month
Neighborhood Insights
Sacramento Unified Schools
Cameron Ranch Elementary School
Grades K-5 • 1.2 mi
2/10
Harry Dewey Fundamental Elementary School
Grades K-6 • 1.8 mi
7/10
Winston Churchill Middle School
Grades 6-8 • 2.4 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 1.8 |
| Square foot | 840 | 1,038.082 |
| Lot Size | 1,821 | 1,678.212 |
| Price | $195.0K | $276.4K |
| Price per sq ft | $232 | $270 |
| Built year | 1969 | 1984 |
| HOA | $330 | $420 |
| Days on market | 51 | 62 |
Pricing History
Listed for Sale
Sep 3, 2026
$195,000
Initial Listing
Sold
Sep 22, 2008
$63,500
Public Record
Sold
Aug 19, 2005
$175,000
Public Record
Sold
Feb 3, 1995
$50,000
Public Record