694 Eleanor Avenue, Sacramento, CA 95815, Sacramento, 95815 - 4 bed, 2 bath
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Sacramento, CA 95815
This Value-Add Residential Income Duplex is listed at $399,900, positioned well below the $403,959 Fair Market Value by 1%. This valuation gap offers $4,059 in Instant Equity for an asset currently holding a Condition Rating of 4. Featuring recent updates like new kitchen cabinets and laminate flooring, the property provides significant rental upside due to current below-market rates and essential in-unit laundry hookups. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-potential income property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 694 Eleanor Avenue Subject | $399,900* List Price | 4 | 2 | 1,820 | $222 | - |
A 417 Eleanor Avenue Active | $408,888 List Price | 4 | 0 | 1,800 | $227 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, this duplex has received some recent updates including new kitchen cabinets and flooring in one unit, along with a permitted water heater. However, the exterior shows signs of age and deferred maintenance, including patchy landscaping and window-mounted AC units. While functional and partially updated, the property remains largely outdated and requires minor repairs and further modernization.
The property currently generates rents below market potential, offering a significant opportunity for investors to increase cash flow and ROI through lease adjustments.
Several updates have been completed within the last three years, including new kitchen cabinets, laminate flooring, and a permitted water heater, reducing immediate maintenance requirements.
Each unit features its own dedicated laundry room and hookups, a high-demand amenity that enhances tenant convenience and increases the property's competitive edge in the rental market.
Built in 1950, the property may possess aging plumbing or electrical systems common to mid-century builds that could require future modernization or repairs.
With only one bathroom per unit, the property may face challenges competing with more modern duplexes that offer additional bathrooms or master suites.
This is a great investment property located at 694-698 Eleanor Ave. At 1,820 sq ft., this duplex has 2 bedrooms and 1 bath 910sf with laundry room/hookups on each side. The property has seen several updates over the last three years. Unit 694 includes kitchen cabinets, laminate flooring in the bedrooms, and a refrigerator. Additionally, a water heater has been installed, complete with a permit and inspection. Unit 698 includes carpet in the bedrooms. Current rents are below market potential for upside!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 44% |
| Square foot | 1,820 | 1,820 | 50% |
| Lot Size | 5,663 | 7,405.2 | 33% |
| Price | $399.9K | $399.9K | 50% |
| Price per sq ft | $220 | $336 | 44% |
| Built year | 1950 | 1956 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 174 | 11% |
Apr 13, 2026
$399,900
Initial Listing
Sep 21, 2017
$238,500
Public Record
Jun 24, 2013
$145,000
Public Record
Dec 27, 2012
$32,500
Public Record
Dec 27, 2012
$25,500
Public Record
Jun 16, 2010
$51,000
Public Record
Aug 1, 2005
$317,500
Public Record
Oct 29, 2003
$190,000
Public Record