5618 Madison Avenue 3, Sacramento, CA 95841, Sacramento, 95841 - 2 bed, 1 bath
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Sacramento, CA 95841
This 2-bedroom condo presents a High-Potential Investment Opportunity, listed at $225,000—positioned above the $202,173 Fair Market Value. While the price reflects a premium, the property features a newer HVAC system and a Condition Rating of 4, offering a stable foundation for cosmetic updates. Its strategic location near major freeways and shopping, combined with on-site pool access, ensures consistent rental demand. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to enter the Sacramento market with a manageable, well-located property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5618 Madison Avenue 3 Subject | $215,000* List Price | 2 | 1 | 840 | $257 | - |
A 5630 Madison Avenue 1 Sold | $235,000 | 2 | 1 | 795 | $296 | 0.0 mi |
B 5122 Rhode Island Drive 3 Sold | $222,000 | 2 | 1 | 840 | $264 | 0.1 mi |
C 5636 Madison Avenue 2 Pending | $179,000 List Price | 2 | 1 | 840 | $213 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1969, the property shows some maintenance with newer laminate flooring and a 'newer HVAC' system mentioned in the description. However, the kitchen cabinetry and appliances appear dated, and the presence of popcorn ceilings and older fixtures throughout indicates the unit has not had a comprehensive renovation in over 20 years, requiring cosmetic updates.
Priced at $225,000, this property offers an accessible entry point into the Sacramento market, making it an excellent opportunity for first-time homebuyers or investors seeking a high-potential rental.
The inclusion of a newer HVAC system is a significant value-add, providing improved energy efficiency and saving the buyer from a major near-term capital expenditure.
The property boasts excellent proximity to major freeways, public transportation, and shopping centers, offering high convenience for commuters and enhancing its desirability for tenants.
The lack of in-unit laundry hookups and reliance on shared on-site facilities may be a drawback for modern buyers and could limit the property's competitive edge in the rental market.
Built in 1969, the property may require more frequent maintenance compared to newer builds, and the $330 monthly association fee adds a recurring cost that must be factored into the overall budget.
Comfortable 2-bedroom, 1-bath condo featuring a spacious layout, bright living areas, and a convenient Sacramento location. Close to shopping, dining, public transportation, parks, and easy freeway access. Includes covered parking, newer HVAC system, on-site shared laundry and pool access. A great place to call home. Makes a great rental too! Property is VACANT now!
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-6 • 1.8 mi
Grades 6-8 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 840 | - |
| Lot Size | 1,821 | - |
| Price | $215.0K | $323.6K |
| Price per sq ft | $256 | $284 |
| Built year | 1969 | 0 |
| HOA | $330 | $0 |
| Days on market | 33 | 56 |
Jul 15, 2026
$215,000
$225,000
-4% Price Drop
Initial Listing
Jun 19, 2026
$225,000
Initial Listing
Sep 22, 2008
$63,500
Public Record
Aug 19, 2005
$175,000
Public Record
Feb 3, 1995
$50,000
Public Record