Updated Two-Unit
For Sale
$595,000
3312 Jayanne Way, Carmichael, CA 95608
Vacant paired residences offer renovated interiors and immediate flexibility for occupancy or lease-up.
Property Size1,848 SF
Days on Market186
Property Features for 3312 Jayanne Way
General Information
Standard status
Active
Size
1,848 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Asking Price
$595,000
Amenities
Fireplace
Central Forced Air
Cooktop - Electric
Dishwasher
Garbage Disposal
Oven - Electric
Public Utilities, Water - Public, Individual Electric Meters, Concrete, Clay
Building Details
Building Size
1,848 SF
Year Built
1976
Listing Agency:
Cornish & Carey Commercial
(916) 569-2385
Listed By:
Kelly Rivett · License #01249433
(916) 569-2385
Source:
Kw
Added: Feb 25
Changed: Aug 29
Last Checked: Jul 17 at 10:10PM
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 Cornish & Carey Commercial
Investment Insights
Based on property information with market context.
This duplex contains two matching residences, each with 2 bedrooms, 1 bathroom, and 924 square feet, for a combined 1,848 square feet. Built in 1976, the property has received improvements to major systems and interior finishes, including HVAC replacements, a remodeled kitchen, refreshed bathrooms, and new exterior paint.
Both residences are currently vacant, allowing an owner-user to occupy the property or prepare the units for market-rate leasing. The asset is located in Carmichael, California, and its paired-unit configuration provides a straightforward residential income property format.
Both residences are currently vacant, allowing an owner-user to occupy the property or prepare the units for market-rate leasing. The asset is located in Carmichael, California, and its paired-unit configuration provides a straightforward residential income property format.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units, each measuring 924 square feet
- 1,848‑square‑foot duplex constructed in 1976
- Both units are currently vacant
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
$26,863
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%
$537,260
$537.3K
Cap Rate 7%
$383,757
$383.8K
Cap Rate 9%
$298,478
$298.5K
Market Conditions
NOI Build-Up for 1,848 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
$41.0K $22.20/SF
− Vacancy
−$2.7K −$1.43/SF
EGI
$38.4K $20.77/SF
− OpEx
−$11.5K −$6.23/SF
NOI
$26.9K $14.54/SF
Area
Sacramento County, CA
Vacancy
6.46%
Lease Rate
$22.20 /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%
$537,260
Cap Rate 7%
$383,757
Cap Rate 9%
$298,478
Alternative Uses
Best Use
Multifamily LT 5
$383.8K
$335.8K – $447.7K
NOI $26,863 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$352.4K
$308.3K – $411.1K
NOI $24,667 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$492.3K
$430.8K – $574.4K
NOI $34,462 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Explore this area
Business Placement
Demographics for 95608, CA
65,367
Population
27,312
Households
2.4
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
13.2 sq mi
ZIP Area
4,952
Density / Sq Mi
$83,638
Median Household Income
$45,625
Median Earnings
$1,549
Median Rent
$565,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Vacant paired residences offer renovated interiors and immediate flexibility for occupancy or lease-up.
Where is this duplex located?
The property is located at 3312 Jayanne Way Carmichael, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units, each measuring 924 square feet; 1,848‑square‑foot duplex constructed in 1976; Both units are currently vacant
