Two-Unit Duplex with
New
For Sale
$515,000
3138 Edison Avenue, Sacramento, CA 95821
Separate residential units provide private garages, laundry hookups, utilities, and backyard space.
Property Size1,536 SF
Lot Size0.37 Acres
Price / SF$335.29
Days on Market4
Property Features for 3138 Edison Avenue
General Information
Standard status
Active
Size
1,536 SF
Total Parking Spaces
2
Lot size
0.37 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
central heating and air
in-unit laundry hookups
large backyard
Building Details
Year Built
1956
Buildings
1
Listing Agency:
Windermere Signature Properties Downtown
(916) 447-7878
Listed By:
Inspired Real Estate Group Inc
(916) 622-5341
Source:
Inspiredrealestategroup
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 12 at 7:34AM
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 Downtown
Investment Insights
Based on property information with market context.
This duplex in Sacramento contains 1,536 square feet across two separate residential units. The larger unit includes 3 bedrooms and 1 bath, while the second offers 2 bedrooms and 1 bath. Each residence has an attached 1-car garage, central heating and air, in-unit laundry hookups, dual pane windows, and its own backyard. Separate utilities support independent operation for each unit.
The property occupies a 0.37-acre lot at 3138 Edison Avenue in Sacramento, providing substantial outdoor area alongside the two-unit configuration. Built in 1956, the property combines a practical unit mix with private garage access and individual exterior space. The layout supports residential income use, owner occupancy, or shared living arrangements without combining the two residences.
The property occupies a 0.37-acre lot at 3138 Edison Avenue in Sacramento, providing substantial outdoor area alongside the two-unit configuration. Built in 1956, the property combines a practical unit mix with private garage access and individual exterior space. The layout supports residential income use, owner occupancy, or shared living arrangements without combining the two residences.
Key Highlights
- Two‑unit duplex on a 0.37‑acre lot
- Unit mix includes 3 bedrooms/1 bath and 2 bedrooms/1 bath
- Each residence has an attached 1‑car garage
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
$26,214
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
5.09%
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%
$524,280
$524.3K
Cap Rate 7%
$374,486
$374.5K
Cap Rate 9%
$291,267
$291.3K
Market Conditions
NOI Build-Up for 1,536 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
$39.6K $25.80/SF
− Vacancy
−$2.2K −$1.42/SF
EGI
$37.4K $24.38/SF
− OpEx
−$11.2K −$7.31/SF
NOI
$26.2K $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%
$524,280
Cap Rate 7%
$374,486
Cap Rate 9%
$291,267
Alternative Uses
Best Use
Multifamily LT 5
$374.5K
$327.7K – $436.9K
NOI $26,214 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$344.7K
$301.6K – $402.1K
NOI $24,127 @ 7.0% cap · market cap 4.68%
Theoretical Best
Specialty Retail
$412.7K
$361.2K – $481.5K
NOI $28,892 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,072
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate residential units provide private garages, laundry hookups, utilities, and backyard space.
Where is this duplex located?
The property is located at 3138 Edison Avenue Sacramento, CA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two‑unit duplex on a 0.37‑acre lot; Unit mix includes 3 bedrooms/1 bath and 2 bedrooms/1 bath; Each residence has an attached 1‑car garage
