Triplex with Approved Unit
New
For Sale
$449,999
1231 Arcade Blvd, Sacramento, CA 95815
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 Market4
Property Features for 1231 Arcade Blvd
General Information
Standard status
Active
Size
2,351 SF
Lot size
0.37 Acres
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
TRHEE BEDROOM ONE BATH THAT NEED TO FINISH
Units
Unit Mix
2 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Building Details
Year Built
1950
Listing Agency:
Coldwell Banker Realty
(916) 972-0212
Listed By:
The Jamison Team
(408) 465-4899
Source:
Tuscanaproperties
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 22 at 4:55PM
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 Coldwell Banker Realty
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 = 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
$40,124
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
8.92%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
409
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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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
