87 Olmstead, Sacramento, CA 95838, Sacramento, 95838 - 0 bed, 0 bath
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87 Olmstead
Sacramento, CA 95838
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,024Sq Ft
7,841Lot Size
Property Price
LIST PRICE$425,000
EST. MARKET VALUE
$425,000
SUMMARY
This duplex represents a Strong Value Opportunity, listed at $425,000, which aligns with the $425,000 Fair Market Value. Featuring a reverse unit layout and vaulted ceilings, this Residential Income asset offers significant versatility for rental revenue or multigenerational living. While the property maintains a Condition Rating of 4, its 1962 build date suggests a need for system inspections. Despite lower-rated local schools, the corner lot and open-concept design provide a solid foundation for Buy-and-Hold Investors and Owner-Occupants seeking a value-add project.
Estimated Market Value
$425,000
Based on Realkey algorithm analyzing recent comparable sales in Sacramento.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1962 (>50 years old), but the presence of vinyl replacement windows and an 'open concept' kitchen mentioned in the description suggests a renovation occurred within the last 15-30 years. While functional and currently active as a rental/income property, the exterior shows signs of age and the interior likely requires cosmetic updates and system inspections to address its 60+ year age.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
As a duplex featuring a reverse unit, this property offers excellent versatility for rental income or multigenerational living, making it a strong choice for investors or owner-occupants.
- Architectural Appeal
The interior boasts vaulted ceilings and an open-concept kitchen, providing a spacious and modern feel that distinguishes it from typical 1960s-era multi-family builds.
- Prime Corner Lot
Situated on a desirable corner lot with a spacious backyard, the property offers enhanced privacy, better curb appeal, and ample outdoor space for tenants or residents.
CONSRISKS & DEFICIENCIES
- Low School Ratings
The local elementary and middle schools have very low performance ratings (2/10 and 1/10), which may deter families and negatively impact long-term property appreciation.
- Property Age
Built in 1962, the property may require significant capital expenditures for updates to major systems like plumbing, electrical, or roofing to meet modern standards.
About 87 Olmstead
This former model duplex, unique in its own right, is now available for new ownership. Situated on a desirable corner lot, the property features vaulted ceilings, convenient first floor living, and an open concept kitchen that overlooks the living room with views of a spacious backyard. The reverse unit offers an excellent opportunity for rental income or multigenerational living, making this property both versatile and inviting.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1962
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sacramento Unified Schools
Fairbanks Elementary School
Grades K-6 • 0.3 mi
2/10
Martin Luther King Jr. Technology Academy
Grades 7-8 • 0.8 mi
1/10
Grant Union High School
Grades 9-12 • 2.0 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.6 |
| Square foot | 2,024 | 1,911.465 |
| Lot Size | 7,841 | 6,677.419 |
| Price | $425.0K | $673.8K |
| Price per sq ft | $210 | $336 |
| Built year | 1962 | 1956 |
| HOA | $0 | $304 |
| Days on market | 125 | 55 |
Pricing History
Listed for Sale
May 7, 2026
$425,000
Initial Listing