Renovated Duplex Near UC
For Sale
$563,000
3265 9th Avenue, Sacramento, CA 95817
Updated duplex near downtown Sacramento, ideal for rental income.
Property Size1,409 SF
Price / SF$399.57
Days on Market384
Property Features for 3265 9th Avenue
General Information
Standard status
Active
Size
1,409 SF
Property subtype
Multi-Family
Amenities
Central
Ceiling Fan(s)
Free Standing Gas Oven
Gas Water Heater
Dishwasher
Microwave
Disposal
Internet Available, Natural Gas Connected, Composition
Building Details
Building Size
1,409 SF
Year Built
1953
Stories
1
Listing Agency:
Keller Williams Realty Gold Country
Listed By:
Avanti Centrae · License #01745272
(530) 591-3669
Source:
Kw
Added: Aug 21, 2025
Changed: Aug 21
Last Checked: Sep 7 at 7:18PM
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 Keller Williams Realty Gold Country
Investment Insights
Based on property information with market context.
This fully renovated duplex, updated in 2019, features newer roof, HVAC, plumbing, flooring, kitchens, baths, windows, iron gate, and water heaters. The property includes an updated garage and is designed for low expenses and maintenance. The layout is highly sought after, making it easy to rent at a premium. Each of the two units offers two bedrooms and one bathroom within approximately 700 square feet. Interior laundry hookups and a large kitchen enhance each unit. A two-car garage provides ample storage and off-street parking. There is a peaceful grass area behind the garage for additional outdoor living space. Located in Oak Park, one of Sacramento's fastest-growing sub-markets, the property is situated in a highly desirable rental market. It is conveniently located five minutes from downtown and close to three top-rated hospitals: UC Davis, Sutter, and Mercy, with easy access to major Sacramento freeways. The UC Davis Medical Center is less than one mile away, indicating significant neighborhood upside. The expected gross annual income is $46,800.
Key Highlights
- Fully renovated in 2019: Enjoy a newer roof, HVAC, plumbing, flooring, kitchens, baths, windows, iron gate, and water heaters.
- High rental income potential: Expected gross annual income of $46,800.
- Located in Oak Park near UC Davis Medical Center, one of Sacramento's fastest‑growing sub‑markets.
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
$24,047
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
4.27%
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%
$480,940
$480.9K
Cap Rate 7%
$343,529
$343.5K
Cap Rate 9%
$267,189
$267.2K
Market Conditions
NOI Build-Up for 1,409 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
$36.4K $25.80/SF
− Vacancy
−$2.0K −$1.42/SF
EGI
$34.4K $24.38/SF
− OpEx
−$10.3K −$7.31/SF
NOI
$24.0K $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%
$480,940
Cap Rate 7%
$343,529
Cap Rate 9%
$267,189
Alternative Uses
Best Use
Multifamily LT 5
$343.5K
$300.6K – $400.8K
NOI $24,047 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$316.2K
$276.7K – $368.9K
NOI $22,133 @ 7.0% cap · market cap 3.93%
Theoretical Best
Specialty Retail
$378.6K
$331.3K – $441.7K
NOI $26,503 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
Explore this area
Business Placement
Demographics for 95817, CA
14,270
Population
7,014
Households
2
Avg Household Size
35
Median Age
48%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
6,204
Density / Sq Mi
$64,621
Median Household Income
$46,117
Median Earnings
$1,511
Median Rent
$500,700
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 - Updated duplex near downtown Sacramento, ideal for rental income.
Where is this duplex located?
The property is located at 3265 9th Avenue Sacramento, CA.
What is the asking price?
The asking price for this property is $563,000.
What are key features of this property?
This property features: Fully renovated in 2019: Enjoy a newer roof, HVAC, plumbing, flooring, kitchens, baths, windows, iron gate, and water heaters.; High rental income potential: Expected gross annual income of $46,800.; Located in Oak Park near UC Davis Medical Center, one of Sacramento's fastest‑growing sub‑markets.
