Two-Unit Duplex with Laundry
New
For Sale
$625,000
1628 Citrus Street, West Sacramento, CA 95605
Two residential units feature family rooms, open kitchens, breakfast nooks, and central heating and air conditioning.
Property Size2,200 SF
Price / SF$284.09
Days on Market4
Property Features for 1628 Citrus Street
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,498
Amenities
laundry room
central HVAC
Building Details
Year Built
1988
Buildings
1
Listing Agency:
Worley Real Estate Inc.
(916) 541-5835
Listed By:
Jacob D. Worley · License #01420287
(916) 541-5835
Source:
Exitrealty
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 9 at 6:52AM
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 Worley Real Estate Inc.
Investment Insights
Based on property information with market context.
This duplex contains two 3-bedroom, 2-bathroom residences, each approximately 1,100 square feet, for a combined PropertySize of 2,200 square feet. Both units include a family room, an open kitchen with newer appliances, a breakfast nook, and central heating and air conditioning. A separate laundry room serves the property, while the large lot provides parking and outdoor area. The building was constructed in 1988.
The property is in West Sacramento, minutes from shopping, dining, and Downtown Sacramento. Major freeways, employment centers, and entertainment destinations are also described as nearby, supporting access across the surrounding area.
The property is in West Sacramento, minutes from shopping, dining, and Downtown Sacramento. Major freeways, employment centers, and entertainment destinations are also described as nearby, supporting access across the surrounding area.
Key Highlights
- Two 3‑bedroom, 2‑bathroom units, each approximately 1,100 square feet
- 2,200‑square‑foot duplex on a large lot
- Separate laundry room with potential for coin‑operated machines
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
$31,338
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
5.01%
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%
$626,760
$626.8K
Cap Rate 7%
$447,686
$447.7K
Cap Rate 9%
$348,200
$348.2K
Market Conditions
NOI Build-Up for 2,200 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
$47.5K $21.60/SF
− Vacancy
−$2.8K −$1.25/SF
EGI
$44.8K $20.35/SF
− OpEx
−$13.4K −$6.10/SF
NOI
$31.3K $14.24/SF
Area
Yolo County, CA
Vacancy
5.79%
Lease Rate
$21.60 /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%
$626,760
Cap Rate 7%
$447,686
Cap Rate 9%
$348,200
Alternative Uses
Best Use
Multifamily LT 5
$447.7K
$391.7K – $522.3K
NOI $31,338 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$409.0K
$357.9K – $477.2K
NOI $28,632 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$593.6K
$519.4K – $692.6K
NOI $41,554 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Explore this area
Business Placement
Demographics for 95605, CA
14,204
Population
5,517
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
79%
High-School Grad
3.9 sq mi
ZIP Area
3,642
Density / Sq Mi
$71,361
Median Household Income
$41,665
Median Earnings
$1,615
Median Rent
$375,500
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?
Duplex - Two residential units feature family rooms, open kitchens, breakfast nooks, and central heating and air conditioning.
Where is this duplex located?
The property is located at 1628 Citrus Street West Sacramento, CA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bathroom units, each approximately 1,100 square feet; 2,200‑square‑foot duplex on a large lot; Separate laundry room with potential for coin‑operated machines
