Duplex with Newer
For Sale
$499,000
2802 Lerwick Road, Sacramento, CA 95821
Two-unit residential property in fixer-up condition, constructed in 1966.
Property Size1,060 SF
Price / SF$470.75
Days on Market48
Property Features for 2802 Lerwick Road
General Information
Standard status
Active
Size
1,060 SF
Property subtype
Multi Family
Building Details
Year Built
1966
Listing Agency:
Edward Pollitt, RE Broker
Listed By:
Edward K. Pollitt · License #01507956
(916) 812-0037
Source:
Exitrealty
Added: Sep 4
Changed: Oct 3
Last Checked: Oct 2 at 5:34PM
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 Edward Pollitt, RE Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Sacramento duplex contains two residential units and dates to 1966. The property is identified as a fixer, offering a building that requires updates. A newer roof is also noted as part of the existing improvements.
Located at 2802 Lerwick Road in Sacramento, the property is positioned in the 95821 ZIP code. The 1,060 property-size figure is provided in the listing data without a stated unit of measurement.
Located at 2802 Lerwick Road in Sacramento, the property is positioned in the 95821 ZIP code. The 1,060 property-size figure is provided in the listing data without a stated unit of measurement.
Key Highlights
- Duplex with two residential units
- Built in 1966
- Newer roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,091
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,820
$361.8K
Cap Rate 7%
$258,443
$258.4K
Cap Rate 9%
$201,011
$201.0K
Market Conditions
NOI Build-Up for 1,060 SF
Gross rent
$27.3K $25.80/SF
− Vacancy
−$1.5K −$1.42/SF
EGI
$25.8K $24.38/SF
− OpEx
−$7.8K −$7.31/SF
NOI
$18.1K $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 Rate 5%
$361,820
Cap Rate 7%
$258,443
Cap Rate 9%
$201,011
Alternative Uses
Best Use
Multifamily LT 5
$258.4K
$226.1K – $301.5K
NOI $18,091 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$237.9K
$208.1K – $277.5K
NOI $16,650 @ 7.0% cap · market cap 3.34%
Theoretical Best
Specialty Retail
$284.8K
$249.2K – $332.3K
NOI $19,939 @ 7.0% cap · market cap 4.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 95821, CA
39,310
Population
16,403
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
5,537
Density / Sq Mi
$58,331
Median Household Income
$41,630
Median Earnings
$1,342
Median Rent
$470,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property in fixer-up condition, constructed in 1966.
Where is this duplex located?
The property is located at 2802 Lerwick Road Sacramento, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Duplex with two residential units; Built in 1966; Newer roof
