Renovated Fourplex with Assigned
For Sale
$999,999
3718 45Th Ave, Sacramento, CA 95824
Residential Income, Sacramento, CA
Property Size2,585 SF
Lot Size0.17 Acres
Price / SF$386.85
Days on Market51
Property Features for 3718 45Th Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 6, Bedroom 6, Bathroom 7, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 5, Bedroom 3, Bathroom 4, Bedroom 1
Parking features
Assigned
Interior features
Updated Baths, Updated Kitchen
Exterior features
Back Yard
Appliances
Dryer, Washer
Directions
99 - 47th Ave - Martin Luther King Jr Blvd.
Subdivision
Listing
Standard status
Active
APN
0370242012000
Size
2,585 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
gated assigned parking
shared coin-operated laundry
common outdoor space
Building Details
Year built
1961
Number of units
4
Listing Agency:
Realty ONE Group Future
(925) 230-0700
Listed By:
Khang Nguyen
(408) 821-3557
Added: Jul 29
Changed: Sep 13
Last Checked: Sep 17 at 12:06AM
MLS# 41143234
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fourplex contains 2585 square feet on a 0.1709-acre lot and was built in 1961. Improvements completed in 2022 include a newer roof, water heaters, updated kitchens, and updated baths. One unit is vacant, providing immediate occupancy or leasing flexibility. The property also includes a shared coin-operated laundry area, common outdoor space, a backyard, gated assigned parking, and public water and sewer service.
Utilities are separately metered for PG&E and SMUD. Heating is provided by wall furnaces, with wall or window unit cooling. The property is in Sacramento near shopping, schools, public transportation, and Highway 99, with access toward Downtown Sacramento.
Utilities are separately metered for PG&E and SMUD. Heating is provided by wall furnaces, with wall or window unit cooling. The property is in Sacramento near shopping, schools, public transportation, and Highway 99, with access toward Downtown Sacramento.
Key Highlights
- Fourplex with 4 units and one vacant unit
- 2585 square feet on a 0.1709‑acre lot
- Renovated in 2022 with newer roof and water heaters
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
$44,117
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
4.41%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with updated interiors, separate utility metering, shared laundry, and one unit available for occupancy or leasing.
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: Fourplex with 4 units and one vacant unit; 2585 square feet on a 0.1709‑acre lot; Renovated in 2022 with newer roof and water heaters
