Remodeled Duplex with
For Sale
$750,000
1501 Eastern Ave, Sacramento, CA 95864
Corner-lot duplex with one occupied residence, one fully updated vacancy, and private outdoor areas serving both units.
Property Size1,650 SF
Price / SF$454.55
Days on Market87
Property Features for 1501 Eastern Ave
General Information
Standard status
Active
Size
1,650 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
50%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1954
Buildings
1
Listing Agency:
House Real Estate
Listed By:
Kristina P. Suter
Source:
Thecentralvalleyhomesearch
Added: Jun 6
Changed: Aug 31
Last Checked: Aug 30 at 6:07PM
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 House Real Estate
Investment Insights
Based on property information with market context.
This 1,650-square-foot duplex, built in 1954, contains two separate residences with matching two-bedroom, one-bath layouts. Each unit includes a private backyard with a patio and grassy area, while the property also benefits from a substantial front yard on its corner lot. Both sides have a one-car garage with dedicated laundry space. One residence is occupied and generating rental income; the other is vacant following a full remodel with modern updates throughout.
The property is located at 1501 Eastern Ave in Sacramento, near shopping, dining, and parks. Its two-unit configuration, separate outdoor areas, garage parking, and combination of current occupancy and renovated vacancy create a practical residential income property profile.
The property is located at 1501 Eastern Ave in Sacramento, near shopping, dining, and parks. Its two-unit configuration, separate outdoor areas, garage parking, and combination of current occupancy and renovated vacancy create a practical residential income property profile.
Key Highlights
- Two separate 2 bedroom, 1 bath units
- 1,650 square feet on a spacious corner lot
- Each unit has a private backyard with patio and grassy area
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
$28,160
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
3.75%
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%
$563,200
$563.2K
Cap Rate 7%
$402,286
$402.3K
Cap Rate 9%
$312,889
$312.9K
Market Conditions
NOI Build-Up for 1,650 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
$42.6K $25.80/SF
− Vacancy
−$2.3K −$1.42/SF
EGI
$40.2K $24.38/SF
− OpEx
−$12.1K −$7.31/SF
NOI
$28.2K $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%
$563,200
Cap Rate 7%
$402,286
Cap Rate 9%
$312,889
Alternative Uses
Best Use
Multifamily LT 5
$402.3K
$352.0K – $469.3K
NOI $28,160 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$370.3K
$324.0K – $432.0K
NOI $25,918 @ 7.0% cap · market cap 3.46%
Theoretical Best
Specialty Retail
$443.4K
$388.0K – $517.3K
NOI $31,037 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 95864, CA
24,249
Population
10,286
Households
2.4
Avg Household Size
44
Median Age
58%
College-Educated
95%
High-School Grad
6.3 sq mi
ZIP Area
3,849
Density / Sq Mi
$129,083
Median Household Income
$63,220
Median Earnings
$1,863
Median Rent
$770,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot duplex with one occupied residence, one fully updated vacancy, and private outdoor areas serving both units.
Where is this duplex located?
The property is located at 1501 Eastern Ave Sacramento, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two separate 2 bedroom, 1 bath units; 1,650 square feet on a spacious corner lot; Each unit has a private backyard with patio and grassy area
