Duplex with Flexible Unit
For Sale
$779,900
2006 C Street, Sacramento, CA 95811
Two-unit property with one leased residence and a vacant upper unit featuring updated kitchen and bath finishes.
Property Size2,462 SF
Days on Market10
Property Features for 2006 C Street
General Information
Standard status
Active
Size
2,462 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
private yard
porch
Building Details
Building Size
2,462 SF
Year Built
1910
Buildings
1
Listing Agency:
HomeSmart ICARE Realty
Listed By:
Ujjal Singh · License #01981870
(916) 995-9754
Source:
Teamnavigate
Added: Sep 17
Changed: Sep 23
Last Checked: Sep 24 at 5:01PM
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 HomeSmart ICARE Realty
Investment Insights
Based on property information with market context.
This duplex, built in 1910, includes two distinct residences. The lower unit has 2 bedrooms and 1 bathroom and is currently leased. The upper unit is vacant and includes 4 bedrooms and 2 bathrooms, along with a kitchen equipped with stainless steel appliances and stone countertops. A walk-in shower, private yard, and porch add to the upper unit’s features.
The property is located in Sacramento near Midtown and Downtown, with access to shops, restaurants, nightlife, parks, coffee shops, and grocery stores. Sacramento City College and Sutter Medical Center are nearby, while I-5 and Hwy 50 provide regional highway access. The combination of an occupied lower residence and a vacant upper unit supports multiple living and leasing arrangements.
The property is located in Sacramento near Midtown and Downtown, with access to shops, restaurants, nightlife, parks, coffee shops, and grocery stores. Sacramento City College and Sutter Medical Center are nearby, while I-5 and Hwy 50 provide regional highway access. The combination of an occupied lower residence and a vacant upper unit supports multiple living and leasing arrangements.
Key Highlights
- Duplex built in 1910
- Lower unit has 2 bedrooms and 1 bathroom and is currently leased
- Upper unit offers 4 bedrooms and 2 bathrooms and is vacant
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
$42,018
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
5.39%
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%
$840,360
$840.4K
Cap Rate 7%
$600,257
$600.3K
Cap Rate 9%
$466,867
$466.9K
Market Conditions
NOI Build-Up for 2,462 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
$63.5K $25.80/SF
− Vacancy
−$3.5K −$1.42/SF
EGI
$60.0K $24.38/SF
− OpEx
−$18.0K −$7.31/SF
NOI
$42.0K $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%
$840,360
Cap Rate 7%
$600,257
Cap Rate 9%
$466,867
Alternative Uses
Best Use
Multifamily LT 5
$600.3K
$525.2K – $700.3K
NOI $42,018 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$552.5K
$483.4K – $644.6K
NOI $38,673 @ 7.0% cap · market cap 4.96%
Theoretical Best
Specialty Retail
$661.6K
$578.9K – $771.8K
NOI $46,310 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,896
Businesses Nearby
Explore this area
Business Placement
Demographics for 95811, CA
12,463
Population
5,085
Households
2.5
Avg Household Size
37
Median Age
54%
College-Educated
93%
High-School Grad
2.3 sq mi
ZIP Area
5,419
Density / Sq Mi
$77,760
Median Household Income
$59,641
Median Earnings
$1,564
Median Rent
$707,900
Median Home Value
Check the figures for this property
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 - Two-unit property with one leased residence and a vacant upper unit featuring updated kitchen and bath finishes.
Where is this duplex located?
The property is located at 2006 C Street Sacramento, CA.
What is the asking price?
The asking price for this property is $779,900.
What are key features of this property?
This property features: Duplex built in 1910; Lower unit has 2 bedrooms and 1 bathroom and is currently leased; Upper unit offers 4 bedrooms and 2 bathrooms and is vacant
