Triplex with Approved Unit
1231 Arcade Blvd, Sacramento, CA 95815
For Sale
$449,999
Three-unit residential property with an unfinished unit and city-approved permits for completion.
Property Size2,351 SF
Lot Size0.37 Acres
Price / SF$191.41
Days on Market50
Property Features for 1231 Arcade Blvd
General Information
Standard status
Size
Lot size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Holly Bennett, Sotheby's International Realty
Listed By:
The Jamison Team
(408) 465-4899
Source:
Tuscanaproperties
Added: Sep 21
Changed: Oct 31
Last Checked: Oct 28 at 7:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Holly Bennett, Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 1950 triplex contains 2,351 square feet across three residential units: two three-bedroom, one-bath layouts and one two-bedroom, one-bath layout. The third unit requires completion, while approved city permits are in place for the remaining work. The roof was replaced three years ago, and income is currently being generated from the property.
The property occupies a 16,000+ square foot lot in Sacramento, providing substantial outdoor area and possible future ADU consideration as identified in the property information. Its unit mix offers an owner-occupant or investor a combination of existing residential use and a permitted improvement project.
The property occupies a 16,000+ square foot lot in Sacramento, providing substantial outdoor area and possible future ADU consideration as identified in the property information. Its unit mix offers an owner-occupant or investor a combination of existing residential use and a permitted improvement project.
Key Highlights
- Three‑unit property with two 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit
- 2,351 square feet of building area
- 16,000+ square foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,124
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,480
$802.5K
Cap Rate 7%
$573,200
$573.2K
Cap Rate 9%
$445,822
$445.8K
Market Conditions
NOI Build-Up for 2,351 SF
Gross rent
$60.7K $25.80/SF
− Vacancy
−$3.3K −$1.42/SF
EGI
$57.3K $24.38/SF
− OpEx
−$17.2K −$7.31/SF
NOI
$40.1K $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 Rate 5%
$802,480
Cap Rate 7%
$573,200
Cap Rate 9%
$445,822
Alternative Uses
Best Use
Multifamily LT 5
$573.2K
$501.6K – $668.7K
NOI $40,124 @ 7.0% cap · market cap 8.92%
Second Best
Apartment 5plus
$527.6K
$461.6K – $615.5K
NOI $36,930 @ 7.0% cap · market cap 8.21%
Theoretical Best
Specialty Retail
$631.7K
$552.8K – $737.0K
NOI $44,222 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with an unfinished unit and city-approved permits for completion.
Where is this triplex located?
The property is located at 1231 Arcade Blvd Sacramento, CA.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: Three‑unit property with two 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit; 2,351 square feet of building area; 16,000+ square foot lot
