Renovated 4-Unit
For Sale
$999,999
3718 45th Ave, Sacramento, CA 95824
One apartment is vacant, and the property has separate PG&E and SMUD meters.
Property Size2,585 SF
Price / SF$386.85
Days on Market88
Property Features for 3718 45th Ave
General Information
Standard status
Active
Size
2,585 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
Franklin Boulevard Business Association (Pbid)
Highway Access
Yes
Public Transit
Yes
Units
Multifamily Units
4
Individually Metered Utilities
PG&E, SMUD
Amenities
shared coin-operated laundry
common outdoor space
Updated Baths
Updated Kitchen
Back Yard
Building Details
Building Size
2,585 SF
Year Built
1961
Year Renovated
2022
Listing Agency:
Realty ONE Group Future
(925) 230-0700
Listed By:
Khang Nguyen
(408) 821-3557
Source:
Equityfirstre
Added: Jul 29
Changed: Oct 23
Last Checked: Oct 23 at 3:33PM
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 Realty ONE Group Future
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Investment Insights
Based on property information with market context.
This 2,585-square-foot quadplex was built in 1961 and renovated in 2022. Improvements include a newer roof and water heaters. One of the four apartments is vacant. Residents have access to gated assigned parking, shared coin-operated laundry, and common outdoor space. PG&E and SMUD are separately metered.
The property is near shopping, schools, and public transportation, with access to Highway 99 and a commute route to Downtown Sacramento.
The property is near shopping, schools, and public transportation, with access to Highway 99 and a commute route to Downtown Sacramento.
Key Highlights
- Four‑unit property with one vacant apartment
- 2,585 square feet; built in 1961
- Renovated in 2022, with a newer roof and water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,117
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,340
$882.3K
Cap Rate 7%
$630,243
$630.2K
Cap Rate 9%
$490,189
$490.2K
Market Conditions
NOI Build-Up for 2,585 SF
Gross rent
$66.7K $25.80/SF
− Vacancy
−$3.7K −$1.42/SF
EGI
$63.0K $24.38/SF
− OpEx
−$18.9K −$7.31/SF
NOI
$44.1K $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%
$882,340
Cap Rate 7%
$630,243
Cap Rate 9%
$490,189
Alternative Uses
Best Use
Multifamily LT 5
$630.2K
$551.5K – $735.3K
NOI $44,117 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$580.1K
$507.6K – $676.8K
NOI $40,605 @ 7.0% cap · market cap 4.06%
Theoretical Best
Specialty Retail
$694.6K
$607.8K – $810.4K
NOI $48,624 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
Explore this area
Business Placement
Demographics for 95824, CA
31,524
Population
9,686
Households
3.3
Avg Household Size
33
Median Age
12%
College-Educated
69%
High-School Grad
4.0 sq mi
ZIP Area
7,881
Density / Sq Mi
$53,938
Median Household Income
$32,435
Median Earnings
$1,392
Median Rent
$322,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - One apartment is vacant, and the property has separate PG&E and SMUD meters.
Where is this quadplex located?
The property is located at 3718 45th Ave Sacramento, CA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Four‑unit property with one vacant apartment; 2,585 square feet; built in 1961; Renovated in 2022, with a newer roof and water heaters
