Renovated Triplex with Corner-Lot
New
For Sale
$760,000
3307 37th St, Sacramento, CA 95817
Three-unit property with updated systems and an owner-user configuration in North Oak Park.
Property Size2,010 SF
Price / SF$378.11
Days on Market6
Property Features for 3307 37th St
General Information
Standard status
Active
Size
2,010 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Amenities
garage
EV charger outlet
Building Details
Year Built
1912
Listing Agency:
Vlasara Real Estate
Listed By:
Sara M Samoylovich · License #01484587
(916) 275-1622
Source:
Rootsrealestategroup
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 9:56AM
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 Vlasara Real Estate
Investment Insights
Based on property information with market context.
Built in 1912, this 2,010-square-foot triplex includes a primary residence and two additional units. The property has received extensive updates, including a composition roof, James Hardie siding, Milgard windows, doors, electrical panels, PEX and ABS plumbing, a water heater, and three new HVAC systems. Interior finishes have also been refreshed throughout.
The building occupies a corner lot in North Oak Park near UC Medical Center and Shriners Children's Hospital. Exterior improvements include a finished 420-square-foot garage with an EV charger outlet. A 1,000-square-foot basement provides additional enclosed space for future planning or storage. The configuration supports an owner-user arrangement with the main residence and separate units within the same property.
The building occupies a corner lot in North Oak Park near UC Medical Center and Shriners Children's Hospital. Exterior improvements include a finished 420-square-foot garage with an EV charger outlet. A 1,000-square-foot basement provides additional enclosed space for future planning or storage. The configuration supports an owner-user arrangement with the main residence and separate units within the same property.
Key Highlights
- 2,010‑square‑foot triplex built in 1912
- Primary residence plus two separate units
- Updated roof, siding, windows, electrical, plumbing, water heater, and three HVAC systems
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
$34,304
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
4.51%
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%
$686,080
$686.1K
Cap Rate 7%
$490,057
$490.1K
Cap Rate 9%
$381,156
$381.2K
Market Conditions
NOI Build-Up for 2,010 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
$51.9K $25.80/SF
− Vacancy
−$2.9K −$1.42/SF
EGI
$49.0K $24.38/SF
− OpEx
−$14.7K −$7.31/SF
NOI
$34.3K $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%
$686,080
Cap Rate 7%
$490,057
Cap Rate 9%
$381,156
Alternative Uses
Best Use
Multifamily LT 5
$490.1K
$428.8K – $571.7K
NOI $34,304 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$451.0K
$394.7K – $526.2K
NOI $31,573 @ 7.0% cap · market cap 4.15%
Theoretical Best
Specialty Retail
$540.1K
$472.6K – $630.1K
NOI $37,808 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,411
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with updated systems and an owner-user configuration in North Oak Park.
Where is this triplex located?
The property is located at 3307 37th St Sacramento, CA.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: 2,010‑square‑foot triplex built in 1912; Primary residence plus two separate units; Updated roof, siding, windows, electrical, plumbing, water heater, and three HVAC systems
