Updated Residential Income
For Sale
$379,777
3047 Bridgeford Drive, Sacramento, CA 95833
Two-bedroom, two-bath half plex with refreshed kitchen and bathrooms near everyday amenities and freeway access.
Property Size944 SF
Price / SF$402.31
Days on Market8
Property Features for 3047 Bridgeford Drive
General Information
Standard status
Active
Size
944 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
1
Building Details
Year Built
1984
Listing Agency:
eXp Realty of California Inc.
(916) 996-3900
Listed By:
Tara L. Trujillo · License #01999332
(916) 761-9350
Source:
Exitrealty
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 15 at 4:38AM
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 eXp Realty of California Inc.
Investment Insights
Based on property information with market context.
This residential income property is a 944-square-foot half plex built in 1984, offering two bedrooms and two bathrooms in a practical residential layout. The kitchen and bathrooms have been updated, providing refreshed finishes within an established home configuration.
The property is located in Sacramento’s Natomas area, with schools, shopping, dining, parks, and daily services nearby. Freeway access supports travel throughout Sacramento. The address is 3047 Bridgeford Drive, Sacramento, CA 95833.
The property is located in Sacramento’s Natomas area, with schools, shopping, dining, parks, and daily services nearby. Freeway access supports travel throughout Sacramento. The address is 3047 Bridgeford Drive, Sacramento, CA 95833.
Key Highlights
- Two‑bedroom, two‑bathroom half plex
- 944 square feet of living area
- Updated kitchen and bathrooms
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
$14,828
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
3.90%
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%
$296,560
$296.6K
Cap Rate 7%
$211,829
$211.8K
Cap Rate 9%
$164,756
$164.8K
Market Conditions
NOI Build-Up for 944 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
$28.3K $30.00/SF
− Vacancy
−$1.4K −$1.44/SF
EGI
$27.0K $28.56/SF
− OpEx
−$12.1K −$12.85/SF
NOI
$14.8K $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 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%
$296,560
Cap Rate 7%
$211,829
Cap Rate 9%
$164,756
Alternative Uses
Best Use
Apartment 5plus
$211.8K
$185.4K – $247.1K
NOI $14,828 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$253.7K
$222.0K – $296.0K
NOI $17,757 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 95833, CA
40,195
Population
16,751
Households
2.4
Avg Household Size
34
Median Age
32%
College-Educated
89%
High-School Grad
8.1 sq mi
ZIP Area
4,962
Density / Sq Mi
$87,016
Median Household Income
$50,997
Median Earnings
$1,835
Median Rent
$439,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath half plex with refreshed kitchen and bathrooms near everyday amenities and freeway access.
Where is this residential income property located?
The property is located at 3047 Bridgeford Drive Sacramento, CA.
What is the asking price?
The asking price for this property is $379,777.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom half plex; 944 square feet of living area; Updated kitchen and bathrooms
