Detached Four-Cottage Income
3226 W Street Sacramento, CA 95817
3226 W Street, Sacramento, CA, 95817
$899,000
Pending
For Sale
$899,000
Pending
Turn-key quadplex with four detached cottages on one lot, featuring inside laundry hook-ups and separately metered utilities.
Property Size1,925 SF
Days on Market87
Property Features for 3226 W Street
General Information
- Standard status
- Pending
- Size
- 1,925 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1939
Listing agency
Windermere Signature Properties El Dorado Hills/Folsom
(916) 205-6943
Listed by
Greg Batchelder · License #01321061
(916) 205-6943
Source
Exitrealty
Added: Apr 28 Updated: Jul 21 at 1:45AM Checked: Jul 21 at 3:58AM
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 El Dorado Hills/Folsom
Investment Insights
Based on property information with market context.
This turn-key quadplex offers four detached cottages on a single lot. Three cottages (3226, 3228, and 3230 W Street) are each configured as 1 bedroom and 1 full bath, with a living room, spacious kitchen, and inside laundry hook-ups. The 3226 cottage includes 2 bedrooms and 1 full bath and is located over a 3-car garage, with washer/dryer hook-ups. The 3-car garage provides spaces offered to tenants to rent for additional income.
Tenants are on month-to-month leases and pay separately metered gas and electricity. The updated 1-bedroom cottage at 3230 W Street is vacant and available to be shown. Please do not disturb tenants in the other units.
Rents are listed as $1,500, $1,495, $1,502, and $1,895 per month, with an additional combined $237 per month toward sewer/water/garbage and garage rent. Total monthly income is reported as $6,629 and total annual income as $79,548. The property is described as centrally located on a quiet street near shopping, restaurants, and downtown, with UC Davis Medical Center, schools, parks, and freeway access also noted in the remarks.
Tenants are on month-to-month leases and pay separately metered gas and electricity. The updated 1-bedroom cottage at 3230 W Street is vacant and available to be shown. Please do not disturb tenants in the other units.
Rents are listed as $1,500, $1,495, $1,502, and $1,895 per month, with an additional combined $237 per month toward sewer/water/garbage and garage rent. Total monthly income is reported as $6,629 and total annual income as $79,548. The property is described as centrally located on a quiet street near shopping, restaurants, and downtown, with UC Davis Medical Center, schools, parks, and freeway access also noted in the remarks.
Key Highlights
- Four detached 1‑bedroom cottages (3226, 3228, 3230 W Street) on one lot, plus a separate 2‑bedroom/1‑bath cottage at 3226 W Street.
- Rents listed at $1,500, $1,495, $1,502, and $1,895 per month, totaling $6,629 monthly and $79,548 annually.
- 8.85% cap rate based on gross rents and GRM of 11.3.
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 | $49.7k | $25.80 |
| − Vacancy | −$2.7k | −$1.42 |
| EGI | $46.9k | $24.38 |
| − OpEx | −$14.1k | −$7.31 |
| NOI | $32.9k | $17.07 |
1,925 SF · lease $25.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$469.3K
$410.7K – $547.6K
NOI $32,853 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$432.0K
$378.0K – $504.0K
NOI $30,238 @ 7.0% cap · market cap 3.36%
Theoretical Best
Specialty Retail
$517.3K
$452.6K – $603.5K
NOI $36,209 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Turn-key quadplex with four detached cottages on one lot, featuring inside laundry hook-ups and separately metered utilities.
Where is this quadplex located?
The property is located at 3226 W Street Sacramento, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four detached 1‑bedroom cottages (3226, 3228, 3230 W Street) on one lot, plus a separate 2‑bedroom/1‑bath cottage at 3226 W Street.; Rents listed at $1,500, $1,495, $1,502, and $1,895 per month, totaling $6,629 monthly and $79,548 annually.; 8.85% cap rate based on gross rents and GRM of 11.3.
