
Sacramento, CA 95825
This High-Potential Investment Opportunity is a stabilized quadruplex listed at $825,000, positioned above the $784,335 Fair Market Value. While the list price reflects a premium, the property features an Excellent Condition Rating due to comprehensive interior renovations, including modern LVP flooring and updated kitchens. With a gross monthly income of $7,150 and long-term tenants in place, this asset offers immediate cash flow and reduced capital expenditure risk. This is an ideal acquisition for Buy-and-Hold Investors or Passive Income Seekers prioritizing a turnkey, stabilized multi-family asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 821 Carro Drive Subject | $825,000* List Price | 8 | 5 | 3,050 | $257 | - |
A 916 Dornajo Way Sold | $900,000 | 8 | 0 | 3,512 | $256 | 0.1 mi |
B 905 Carro Drive Sold | $800,000 | 8 | 0 | 3,513 | $228 | 0.1 mi |
C 2489 American River Dr Sold | $649,950 | 0 | 0 | 2,638 | $246 | 0.8 mi |
D 805 Carro Drive Active | $795,000 List Price | 8 | 5 | 3,050 | $261 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1964 build date, the property is classified as Excellent due to a comprehensive recent remodel of all four units. Interior photos show modern luxury vinyl plank (LVP) flooring, updated kitchens with stone and clean tile countertops, and refreshed bathrooms. The exterior and systems appear well-maintained, and the listing confirms the asset is fully stabilized with significantly reduced near-term capital expenditure risk.
All four units have been fully renovated by the current owner, significantly reducing near-term capital expenditure risk and providing a modern, stabilized asset for the buyer.
The property generates a robust gross rent of $7,150 per month with units already performing above market rates, ensuring immediate and reliable cash flow.
The configuration of 1, 2, and 3-bedroom units provides natural rent diversification and broadens the tenant appeal across different demographic segments.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3050, other record living area = 3561.
Originally constructed in 1964, the property may have aging underlying systems such as plumbing or electrical that could require attention despite the cosmetic interior remodels.
The 2-bedroom units feature only one bathroom and the 3-bedroom unit has 1.5, which may be less competitive compared to modern multi-family standards that favor two full baths for larger units.
Exceptional investment opportunity in Sacramento's desirable Northrop Estates neighborhood. This McKeon-built fourplex sits on one of the larger lots on Carro Drive and delivers a fully remodeled, stabilized asset with income already performing above market. The unit mix two 2BD/1BA townhomes, one 1BD/1BA townhome, and one spacious 3BD/1.5BA upstairs unit provides natural rent diversification and broad tenant appeal. All four units have been fully remodeled by the current owner, significantly reducing near-term capital expenditure risk for the new owner. Three of the four units are currently leased above market, reflecting the quality of the renovations and the caliber of the tenant base. Current gross rent is $7,150/month with all units occupied by reliable, long-term tenants. Additional features include covered garage parking for all four units, a generous lot with ample space in the rear, and a fireplace in the ground-floor unit a sought-after feature in this product type that tenants love. The property is professionally managed with four active leases in place. The location speaks for itself. Situated minutes from Sacramento State University, the American River Parkway trail system, Campus Commons Golf Course, and the vibrant mix of restaurants and shops along the corridor in between this is the kind of address that attracts quality tenants and holds value through any market cycle. A true turnkey 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 | 8,560 | - |
| Price | $825.0K | $694.2K |
| Price per sq ft | $270 | $325 |
| Built year | 1964 | 0 |
| HOA | $0 | $0 |
| Days on market | 7 | 69 |
Jul 15, 2026
$825,000
Initial Listing
Nov 15, 2019
$640,000
Public Record
Mar 29, 2002
$228,000
Public Record