
Sacramento, CA 95825
This High-Potential Investment Opportunity is a Residential Income Quadruplex listed at $795,000, positioned above the $759,347 Fair Market Value. Despite the premium, the property offers a stable, turnkey Asset with a Condition Rating of 3, featuring three recently remodeled units and low-maintenance paved exteriors. With a diversified unit mix and reliable long-term tenants generating $6,539/month, this property provides immediate cash flow. It is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking a managed, income-producing asset in Northrop Estates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 805 Carro Drive Subject | $795,000* List Price | 8 | 5 | 3,050 | $249 | - |
A 916 Dornajo Way Sold | $900,000 | 8 | 0 | 3,512 | $256 | 0.2 mi |
B 922 Carro Drive Sold | $740,950 | 8 | 4 | 3,200 | $232 | 0.2 mi |
C 905 Carro Drive Sold | $800,000 | 8 | 0 | 3,513 | $228 | 0.1 mi |
D 2489 American River Dr Sold | $649,950 | 0 | 0 | 2,638 | $246 | 0.7 mi |
E 821 Carro Drive Active | $825,000 List Price | 8 | 5 | 3,050 | $270 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1964, the property is well-maintained with 3 of 4 units recently remodeled featuring modern granite countertops, stainless steel appliances, and updated flooring/baths. It is move-in ready and functional, with only one unit remaining in a dated state for future value-add.
The property features a versatile mix of 1, 2, and 3-bedroom units, providing natural rent diversification and broad tenant appeal within the sought-after Northrop Estates.
Three of the four units have been fully remodeled by the current owner, offering a turnkey investment with reduced immediate maintenance needs and strong existing cash flow.
The largely paved exterior significantly reduces ongoing landscaping and maintenance costs, enhancing the property's overall net operating income for the investor.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3050, other record living area = 3612.
One unit remains unrenovated, necessitating future capital expenditure and tenant turnover management to achieve the property's full market rent potential.
Built in 1964, the property may require ongoing monitoring or updates to aging systems such as plumbing and electrical that are common in mid-century multi-family structures.
Strong investment opportunity in one of Sacramento's most desirable income property neighborhoods. This classic McKeon-built fourplex sits on a quiet stretch of Carro Drive in Northrop Estates and offers an ideal unit mix two 2BD/1BA townhomes, one 1BD/1BA townhome, and one spacious 3BD/1.5BA upstairs unit providing natural rent diversification and broad tenant appeal. Three of four units have been fully remodeled by the current owner. The one remaining 1BD/1BA unit represents a straightforward value-add opportunity: renovate at turnover and bring it in line with updated market rents in the $1,300-$1,400 range. The largely paved exterior keeps landscaping and maintenance costs low and the property looking clean year-round a practical advantage that carries through every season. Additional features include covered garage parking for all four units and a cozy fireplace in the ground-floor unit. The location is a genuine asset. The property sits minutes from Sacramento State University, the American River Parkway trail system, Campus Commons Golf Course, and the restaurants and shops along the corridor in between a combination that draws quality tenants and keeps vacancy low. The property is professionally managed and currently 100% occupied with reliable, long-term tenants generating $6,539/month in gross rent. An ideal value-add or stabilized hold for the discerning investor.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 0.0 |
| Baths | 5.0 | 0.0 |
| Square foot | 3,050 | - |
| Lot Size | 8,263 | - |
| Price | $795.0K | $694.2K |
| Price per sq ft | $261 | $325 |
| Built year | 1964 | 0 |
| HOA | $0 | $0 |
| Days on market | 7 | 69 |
Jul 15, 2026
$795,000
Initial Listing
Nov 15, 2019
$650,000
Public Record
Sep 30, 2003
$428,500
Public Record