Triplex With Separate
For Sale
$629,888
Pending
3135 Academy Way, Sacramento, CA 95815
Residential Income, Sacramento, CA
Property Size2,782 SF
Lot Size0.17 Acres
Days on Market572
Property Features for 3135 Academy Way
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 1, Bedroom 4, Bathroom 6, Bathroom 1, Bedroom 5, Bathroom 4, Bathroom 7, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 6, Bathroom 5
Parking features
Off Street, Parking Lot
Window features
Window Coverings
Interior features
Tub w/Shower Over
Exterior features
Front Yard
Appliances
Dishwasher, Disposal, Dryer, Washer, Gas Water Heater
Subdivision
Natomas Area
Lot features
Level, Secluded, Front Yard, Paved, Security Gate
Directions
1/80, Marysville, Arcade, Kenwood, Academy..
Standard status
Pending
APN
2650383003000
Size
2,782 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
in-unit washer/dryer
patio
Building Details
Year built
2006
Number of units
3
Flooring type
Tile, Laminate, Carpet
Building materials
Stucco
Roof type
Tile
Listing Agency:
Legacy Real Estate & Assoc. · ERA Real Estate
(925) 447-8100
Listed By:
Michael Godfrey · License #01092781
(510) 407-3535
Added: Feb 2, 2025
Changed: Aug 24
Last Checked: Aug 28 at 3:06AM
MLS# 41084491
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 2006 triplex contains 2,782 square feet across three residential units, with a combined six bedrooms and three bathrooms. Each unit has its own kitchen and laundry facilities, including washers and dryers. Interior finishes include laminate, tile, and carpet flooring, while central air, forced-air heating, dishwashers, disposals, and gas water heaters serve the property. Downstairs units include patios adjoining the main bedrooms.
The 0.17-acre parcel in Sacramento is enclosed with iron fencing, a driveway gate, and a pedestrian gate. Additional property features include off-street parking, a parking lot, a tile roof, stucco construction, public water, and public sewer. The property is located in the 95815 postal area.
The 0.17-acre parcel in Sacramento is enclosed with iron fencing, a driveway gate, and a pedestrian gate. Additional property features include off-street parking, a parking lot, a tile roof, stucco construction, public water, and public sewer. The property is located in the 95815 postal area.
Key Highlights
- Triplex with 2,782 square feet and six bedrooms
- Three units, each with a kitchen and separate laundry facilities
- Each unit includes a washer and dryer
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
$47,480
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
7.54%
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%
$949,600
$949.6K
Cap Rate 7%
$678,286
$678.3K
Cap Rate 9%
$527,556
$527.6K
Market Conditions
NOI Build-Up for 2,782 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
$71.8K $25.80/SF
− Vacancy
−$3.9K −$1.42/SF
EGI
$67.8K $24.38/SF
− OpEx
−$20.3K −$7.31/SF
NOI
$47.5K $17.07/SF
Area
Sacramento, CA
Vacancy
5.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
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%
$949,600
Cap Rate 7%
$678,286
Cap Rate 9%
$527,556
Alternative Uses
Best Use
Multifamily LT 5
$678.3K
$593.5K – $791.3K
NOI $47,480 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$624.3K
$546.3K – $728.3K
NOI $43,700 @ 7.0% cap · market cap 6.94%
Theoretical Best
Specialty Retail
$747.6K
$654.1K – $872.2K
NOI $52,329 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Explore this area
Business Placement
Demographics for 95815, CA
27,838
Population
10,527
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
79%
High-School Grad
7.7 sq mi
ZIP Area
3,615
Density / Sq Mi
$58,590
Median Household Income
$37,199
Median Earnings
$1,448
Median Rent
$298,400
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?
Triplex - Three residential units offer individual kitchens, laundry facilities, patios, and fenced access.
Where is this triplex located?
The property is located at 3135 Academy Way Sacramento, CA.
What is the asking price?
The asking price for this property is $629,888.
What are key features of this property?
This property features: Triplex with 2,782 square feet and six bedrooms; Three units, each with a kitchen and separate laundry facilities; Each unit includes a washer and dryer
