9620 Gage Street, Elk Grove, CA 95624, Elk Grove, 95624 - 5 bed, 4 bath
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Elk Grove, CA 95624
This historic triplex represents a High-Potential Investment Opportunity, listed at $799,000—positioned slightly above the $789,484 Fair Market Value. While the property requires modernization, its Condition Rating of 4 and unique triplex configuration—featuring a main house, secondary residence, and studio—provide significant rental yield potential. Situated on an expansive .27-acre corner lot in Old Elk Grove, the asset offers rare versatility for income generation. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage multi-unit income to offset mortgage costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9620 Gage Street Subject | $769,000* List Price | 5 | 4 | 1,390 | $553 | - |
A 9566 Emerald Park Drive Pending | $660,000 List Price | 4 | 4 | 1,100 | $600 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1932, this historic triplex shows significant age with a mix of dated and budget-friendly updates. While the kitchen is described as updated, the bathrooms and flooring appear dated (15-30y style), and the exterior porch and roof-mounted HVAC system show signs of wear. The property is functional and move-in ready for tenants but requires modernization and minor repairs to the exterior and systems.
This unique triplex configuration, featuring a main house, a secondary two-story residence, and a studio, offers exceptional flexibility for high rental yield or multi-generational living.
Situated in the heart of Old Elk Grove, the property is within walking distance to boutique shops, dining, and parks, ensuring high tenant demand and long-term desirability.
The .27-acre corner lot provides significant outdoor space, mature landscaping, and a sense of privacy and scale rarely found in multi-family residential income properties.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1390, other record living area = 2479. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1932, the property likely requires ongoing capital expenditures for aging infrastructure and structural upkeep typical of homes from this era.
There is a notable conflict between the listed 1,390 total square footage and the described unit sizes totaling over 2,700 sq. ft., which may complicate financing or indicate unpermitted space.
Own a Piece of Elk Grove History! Rare investment opportunity in the heart of charming Old Elk Grove. Situated on an expansive .27-acre corner lot, this unique triplex offers character, versatility, and excellent income potential. The main residence features 1,434 sq. ft. with 3 bedrooms and 2 bathrooms, highlighted by an updated kitchen, spacious living areas, and timeless architectural charm. The second residence is a two-story, approximately 1,100 sq. ft. home offering 2 bedrooms and 1.5 baths, ideal for rental income, multigenerational living, or extended guests. Completing the property is a approximately 240 sq. ft. studio, perfect as an additional rental, home office, or creative space. Mature trees, and a prime location just steps from Old Elk Grove's shops, restaurants, parks, and community events make this an exceptional opportunity. Whether you're an investor, owner-occupant, or someone looking for a truly special property with multiple living spaces, this historic gem offers endless possibilities in one of Elk Grove's most desirable locations.
No exterior & parking available.
No sensitive facilities data found.
Jul 15, 2026
$769,000
$799,000
-4% Price Drop
Initial Listing
Jul 11, 2026
$799,000
Initial Listing