Multifamily Property with Duplex
New
For Sale
$399,000
2389 Empress Street, Sacramento, CA 95815
Plans envision a duplex in the front residence alongside the existing detached rear home.
Property Size1,233 SF
Lot Size0.15 Acres
Price / SF$323.60
Days on Market2
Property Features for 2389 Empress Street
General Information
Standard status
Active
Size
1,233 SF
Lot size
0.15 Acres
Property subtype
Land
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
laundry area
ample driveway parking
gated rear alley access
additional space for parking or storage
new ductless mini-split cooling system
Building Details
Year Built
1920
Buildings
2
Listing Agency:
Kinetic Real Estate
(415) 525-2234
Listed By:
Inspired Real Estate Group Inc
(916) 622-5341
Source:
Inspiredrealestategroup
Added: Oct 7
Last Checked: Oct 7 at 2:29PM
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 Kinetic Real Estate
Investment Insights
Based on property information with market context.
Two detached residences occupy a 6,534-square-foot parcel. The 673-square-foot front house has two bedrooms, one bathroom, a kitchen, living room, and laundry area; it is currently vacant. Approved plans call for dividing this home into two units. Permits have not been issued, and the buyer would need to obtain them under their own name. The separate 560-square-foot rear home has one bedroom and one bathroom and is rented. Its improvements include an updated kitchen and bathroom, a newer roof, and a ductless mini-split cooling system.
A driveway provides parking, while gated access from the rear alley leads to additional space that can accommodate parking or storage. If the planned work is permitted and completed, the property would comprise three units. Full plans are available for review. The homes’ square footage figures are based on tax records, and the property dates to 1920.
A driveway provides parking, while gated access from the rear alley leads to additional space that can accommodate parking or storage. If the planned work is permitted and completed, the property would comprise three units. Full plans are available for review. The homes’ square footage figures are based on tax records, and the property dates to 1920.
Key Highlights
- Two detached homes on a 6,534‑square‑foot lot
- Front home: 673 square feet, 2 bedrooms, 1 bathroom; vacant
- Rear home: 560 square feet, 1 bedroom, 1 bathroom; rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,368
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,360
$387.4K
Cap Rate 7%
$276,686
$276.7K
Cap Rate 9%
$215,200
$215.2K
Market Conditions
NOI Build-Up for 1,233 SF
Gross rent
$37.0K $30.00/SF
− Vacancy
−$1.8K −$1.44/SF
EGI
$35.2K $28.56/SF
− OpEx
−$15.8K −$12.85/SF
NOI
$19.4K $15.71/SF
Area
Sacramento, CA
Vacancy
4.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,360
Cap Rate 7%
$276,686
Cap Rate 9%
$215,200
Alternative Uses
Best Use
Apartment 5plus
$276.7K
$242.1K – $322.8K
NOI $19,368 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$331.3K
$289.9K – $386.6K
NOI $23,193 @ 7.0% cap · market cap 5.81%
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
1,057
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Plans envision a duplex in the front residence alongside the existing detached rear home.
Where is this multifamily property located?
The property is located at 2389 Empress Street Sacramento, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two detached homes on a 6,534‑square‑foot lot; Front home: 673 square feet, 2 bedrooms, 1 bathroom; vacant; Rear home: 560 square feet, 1 bedroom, 1 bathroom; rented
