Two-Unit Duplex with
For Sale
$850,000
Pending
1501 Christopher Way, Sacramento, CA 95819
Each residence includes three bedrooms, two-and-a-half baths, storage, and access to a fenced backyard.
Property Size2,716 SF
Days on Market15
Property Features for 1501 Christopher Way
General Information
Standard status
Pending
Size
2,716 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
fenced backyard
Building Details
Building Size
2,716 SF
Year Built
1979
Buildings
1
Listing Agency:
eXp Realty of California, Inc.
Listed By:
Patrick Smith · License #01946462
(916) 788-8800
Source:
Teamnavigate
Added: Sep 9
Changed: Sep 19
Last Checked: Sep 22 at 9:44PM
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 eXp Realty of California, Inc.
Investment Insights
Based on property information with market context.
Built in 1979, this duplex contains two residences, with each unit offering 1,358 square feet, three bedrooms, and two-and-a-half bathrooms. Both layouts include substantial storage, a one-car garage, and access to a fenced backyard, providing defined outdoor space and practical household functionality. The property also has established rental income, as stated in the listing information.
Located at 1501 Christopher Way in Sacramento, the duplex is within walking distance of shopping, dining, and public transportation. California State University, Sacramento and UC Davis Medical Center are also nearby, adding proximity to major educational and medical destinations.
Located at 1501 Christopher Way in Sacramento, the duplex is within walking distance of shopping, dining, and public transportation. California State University, Sacramento and UC Davis Medical Center are also nearby, adding proximity to major educational and medical destinations.
Key Highlights
- Two‑unit duplex at 1501 Christopher Way, Sacramento, CA 95819
- Each unit offers 1,358 square feet, 3 bedrooms, and 2.5 bathrooms
- One‑car garage and storage included with each unit
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
$46,353
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
5.45%
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%
$927,060
$927.1K
Cap Rate 7%
$662,186
$662.2K
Cap Rate 9%
$515,033
$515.0K
Market Conditions
NOI Build-Up for 2,716 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
$70.1K $25.80/SF
− Vacancy
−$3.9K −$1.42/SF
EGI
$66.2K $24.38/SF
− OpEx
−$19.9K −$7.31/SF
NOI
$46.4K $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%
$927,060
Cap Rate 7%
$662,186
Cap Rate 9%
$515,033
Alternative Uses
Best Use
Multifamily LT 5
$662.2K
$579.4K – $772.6K
NOI $46,353 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$609.5K
$533.3K – $711.1K
NOI $42,663 @ 7.0% cap · market cap 5.02%
Theoretical Best
Specialty Retail
$729.8K
$638.6K – $851.5K
NOI $51,088 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,234
Businesses Nearby
Explore this area
Business Placement
Demographics for 95819, CA
20,812
Population
8,936
Households
2.3
Avg Household Size
36
Median Age
68%
College-Educated
97%
High-School Grad
3.6 sq mi
ZIP Area
5,781
Density / Sq Mi
$127,500
Median Household Income
$69,922
Median Earnings
$2,007
Median Rent
$716,000
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?
Duplex - Each residence includes three bedrooms, two-and-a-half baths, storage, and access to a fenced backyard.
Where is this duplex located?
The property is located at 1501 Christopher Way Sacramento, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑unit duplex at 1501 Christopher Way, Sacramento, CA 95819; Each unit offers 1,358 square feet, 3 bedrooms, and 2.5 bathrooms; One‑car garage and storage included with each unit
