Placerville Duplex with
2984 Sippy Lane Placerville, CA 95667
2984 Sippy Lane, Placerville, CA, 95667
$650,000
For Sale
$650,000
Well-maintained duplex offers two units, each with finished attached 2-car garage and private covered outdoor space.
Property Size2,370 SF
Price / SF$274.26
Days on Market71
Property Features for 2984 Sippy Lane
General Information
- Standard status
- Active
- Size
- 2,370 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2004
Listing agency
Windermere Signature Properties Cameron Park/Placerville
(530) 306-7075
Listed by
Amy Ganzert · License #00931145
(530) 306-7075
Source
Exitrealty
Added: May 14 Updated: Jul 23 at 1:23AM Checked: Jul 23 at 4:41AM
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 Windermere Signature Properties Cameron Park/Placerville
Investment Insights
Based on property information with market context.
This well-maintained duplex features two separate residential units. One unit has 3 bedrooms and 2.5 bathrooms, while the other has 2 bedrooms and 2.5 bathrooms. Both units offer bright, open floor plans with kitchens that include ample cabinetry and counter space flowing into the dining and living areas. Upstairs, each unit includes generous bedrooms, with one offering a primary suite and private bath. Each unit also includes a finished attached 2-car garage with laundry and ample storage, along with private covered balconies or decks.
The property is located just minutes from historic downtown Placerville, with local shops and dining nearby, and provides easy highway access.
The duplex layout supports two distinct living spaces within one property, each with enclosed garage parking and dedicated covered outdoor areas.
The property is located just minutes from historic downtown Placerville, with local shops and dining nearby, and provides easy highway access.
The duplex layout supports two distinct living spaces within one property, each with enclosed garage parking and dedicated covered outdoor areas.
Key Highlights
- Well‑maintained duplex built in 2004 in Placerville
- Two‑unit layout: one unit has 3 bedrooms and 2.5 baths; the other has 2 bedrooms and 2.5 baths
- Each unit features a finished attached 2‑car garage with laundry and ample storage
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.7k | $25.20 |
| − Vacancy | −$3.5k | −$1.46 |
| EGI | $56.3k | $23.74 |
| − OpEx | −$16.9k | −$7.12 |
| NOI | $39.4k | $16.62 |
2,370 SF · lease $25.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$562.7K
$492.3K – $656.4K
NOI $39,386 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$503.6K
$440.6K – $587.5K
NOI $35,251 @ 7.0% cap · market cap 5.42%
Theoretical Best
Specialty Retail
$847.3K
$741.4K – $988.5K
NOI $59,312 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex offers two units, each with finished attached 2-car garage and private covered outdoor space.
Where is this duplex located?
The property is located at 2984 Sippy Lane Placerville, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 2004 in Placerville; Two‑unit layout: one unit has 3 bedrooms and 2.5 baths; the other has 2 bedrooms and 2.5 baths; Each unit features a finished attached 2‑car garage with laundry and ample storage
