Updated Three-Unit
For Sale
$799,500
3309 37th Street, Sacramento, CA 95817
Renovated three-unit property with a main residence, two separate units, and upgraded building systems.
Property Size2,010 SF
Price / SF$397.76
Days on Market48
Property Features for 3309 37th Street
General Information
Standard status
Active
Size
2,010 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1912
Listing Agency:
Vlasara Real Estate
Listed By:
Sara M. Samoylovich · License #01484587
(916) 275-1622
Source:
Exitrealty
Added: Sep 4
Changed: Sep 6
Last Checked: Sep 15 at 6:07AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex combines a primary residence with two additional units in a renovated configuration. Building improvements include a composition roof, James Hardie siding, Milgard windows, updated electrical panels, PEX and ABS plumbing, a replaced water heater, and three new HVAC systems. Interior finishes have also been updated throughout the property.
Located at 3309 37th Street in Sacramento’s North Oak Park area, the property is near UC Medical Center and Shriners Children’s Hospital. Additional improvements include a finished 420-square-foot garage and a 1,000-square-foot basement. The building was constructed in 1912 and occupies a large corner lot.
Located at 3309 37th Street in Sacramento’s North Oak Park area, the property is near UC Medical Center and Shriners Children’s Hospital. Additional improvements include a finished 420-square-foot garage and a 1,000-square-foot basement. The building was constructed in 1912 and occupies a large corner lot.
Key Highlights
- Three‑unit triplex with one main residence and two separate units
- Renovated with new James Hardie siding, Milgard windows, and updated interior finishes
- Three new HVAC systems, updated electrical panels, PEX and ABS plumbing, and new water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,304
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
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
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 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 4.29%
Second Best
Apartment 5plus
$451.0K
$394.7K – $526.2K
NOI $31,573 @ 7.0% cap · market cap 3.95%
Theoretical Best
Specialty Retail
$540.1K
$472.6K – $630.1K
NOI $37,808 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Renovated three-unit property with a main residence, two separate units, and upgraded building systems.
Where is this triplex located?
The property is located at 3309 37th Street Sacramento, CA.
What is the asking price?
The asking price for this property is $799,500.
What are key features of this property?
This property features: Three‑unit triplex with one main residence and two separate units; Renovated with new James Hardie siding, Milgard windows, and updated interior finishes; Three new HVAC systems, updated electrical panels, PEX and ABS plumbing, and new water heater
