Eight-Unit Apartment
New
For Sale
$1,799,999
2643 Furmint Way, Rancho Cordova, CA 95670
Commercial Sale, Rancho Cordova, CA
Property Size7,408 SF
Lot Size0.28 Acres
Price / SF$242.98
Days on Market2
Property Features for 2643 Furmint Way
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Corner Lot
Directions
Google maps..
Subdivision
Listing
Standard status
Active
APN
0570223023000
Size
7,408 SF
Lot size
0.28 Acres
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
on-site parking
Building Details
Year built
1965
Number of units
8
Flooring type
Laminate, Vinyl, Concrete, Hardwood, Carpet, Tile
Building materials
Stucco, Vinyl Siding
Listing Agency:
Real Brokerage Technologies
(855) 450-0442
Listed By:
Jameel Batshon · License #01444446
(510) 714-0453
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 20 at 7:06PM
MLS# 41145566
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7,408-square-foot apartment building contains eight residences, each configured with two bedrooms and one bathroom. Units average approximately 926 square feet and include individual laundry facilities, while parking is provided in an on-site lot. The property was built in 1965 and has stucco and vinyl siding, with vinyl, tile, carpet, hardwood, concrete, and laminate flooring represented throughout. Heating is provided by forced air, cooling by central air, and water is supplied publicly.
Recent improvements include replacement of all eight electrical panels, and most residences have been renovated. The property occupies 0.28 acres in Rancho Cordova, with access to Highway 50 and nearby retail, dining, grocery, and everyday service destinations. Zinfandel light-rail station is within walking distance, providing a public transportation connection.
Recent improvements include replacement of all eight electrical panels, and most residences have been renovated. The property occupies 0.28 acres in Rancho Cordova, with access to Highway 50 and nearby retail, dining, grocery, and everyday service destinations. Zinfandel light-rail station is within walking distance, providing a public transportation connection.
Key Highlights
- Eight two‑bedroom, one‑bath apartments averaging approximately 926 square feet
- 7,408 square feet of building area on a 0.28‑acre site
- In‑unit laundry in every residence with on‑site parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$98,883
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,977,660
$2.0M
Cap Rate 7%
$1,412,614
$1.4M
Cap Rate 9%
$1,098,700
$1.1M
Market Conditions
NOI Build-Up for 7,408 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$192.9K $26.04/SF
− Vacancy
−$13.1K −$1.77/SF
EGI
$179.8K $24.27/SF
− OpEx
−$80.9K −$10.92/SF
NOI
$98.9K $13.35/SF
Area
Sacramento County, CA
Vacancy
6.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,977,660
Cap Rate 7%
$1,412,614
Cap Rate 9%
$1,098,700
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.24M – $1.65M
NOI $98,883 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,147 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
Explore this area
Business Placement
Demographics for 95670, CA
57,988
Population
22,779
Households
2.5
Avg Household Size
38
Median Age
32%
College-Educated
89%
High-School Grad
12.9 sq mi
ZIP Area
4,495
Density / Sq Mi
$90,414
Median Household Income
$47,271
Median Earnings
$1,693
Median Rent
$463,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom residences offer in-unit laundry, on-site parking, and central air conditioning.
Where is this apartment building located?
The property is located at 2643 Furmint Way Rancho Cordova, CA.
What is the asking price?
The asking price for this property is $1,799,999.
What are key features of this property?
This property features: Eight two‑bedroom, one‑bath apartments averaging approximately 926 square feet; 7,408 square feet of building area on a 0.28‑acre site; In‑unit laundry in every residence with on‑site parking lot
