Duplex with Separate Utility
401 11th Street Sacramento, CA 95814
401 11th Street, Sacramento, CA, 95814
$990,000
For Sale
$990,000
Two remodeled, independently functioning residences sit on one lot with separate gas and electric meters.
Property Size2,302 SF
Price / SF$430.06
Days on Market123
Property Features for 401 11th Street
General Information
- Standard status
- Active
- Size
- 2,302 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1905
Listing agency
Grounded R.E.
(916) 662-5771
Listed by
Samuel G. Allen · License #01895613
(916) 662-5771
Source
Exitrealty
Added: Mar 21 Updated: Jul 20 at 7:37PM Checked: Jul 21 at 6:14AM
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 Grounded R.E.
Investment Insights
Based on property information with market context.
This remodeled duplex offers two fully independent residences on one lot, designed to function almost entirely separately with only a small shared utility wall. The main residence features a bright open kitchen with stainless steel appliances, modern cabinetry, large windows, and updated bathrooms, along with a raised porch and additional private bedroom space. The second residence includes a remodeled kitchen with stainless appliances, an updated bathroom, and its own laundry area, supporting a turnkey setup.
The property includes updated systems and dual pane windows, plus separate gas and electric meters for efficiency and easier management. A gated frontage and patio areas complement the historic architectural character, while keeping the homes clean and move-in ready.
Located in Sacramento’s historic Alkali Flat neighborhood just blocks from Downtown and the Capitol, the home also sits near the Railyards development and area employment and entertainment destinations, including Golden 1 Center and nearby restaurants, transit, and the urban core.
The property includes updated systems and dual pane windows, plus separate gas and electric meters for efficiency and easier management. A gated frontage and patio areas complement the historic architectural character, while keeping the homes clean and move-in ready.
Located in Sacramento’s historic Alkali Flat neighborhood just blocks from Downtown and the Capitol, the home also sits near the Railyards development and area employment and entertainment destinations, including Golden 1 Center and nearby restaurants, transit, and the urban core.
Key Highlights
- Two fully independent residences on one lot with a small shared utility wall
- Main residence: approx. 1,417 SF with 4 bedrooms and 2 fully updated bathrooms
- Second residence: approx. 885 SF with 2 bedrooms and 1 updated bathroom
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.4k | $25.80 |
| − Vacancy | −$3.3k | −$1.42 |
| EGI | $56.1k | $24.38 |
| − OpEx | −$16.8k | −$7.31 |
| NOI | $39.3k | $17.07 |
2,302 SF · lease $25.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$561.3K
$491.1K – $654.8K
NOI $39,288 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$516.6K
$452.0K – $602.7K
NOI $36,160 @ 7.0% cap · market cap 3.65%
Theoretical Best
Specialty Retail
$618.6K
$541.3K – $721.7K
NOI $43,301 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two remodeled, independently functioning residences sit on one lot with separate gas and electric meters.
Where is this duplex located?
The property is located at 401 11th Street Sacramento, CA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Two fully independent residences on one lot with a small shared utility wall; Main residence: approx. 1,417 SF with 4 bedrooms and 2 fully updated bathrooms; Second residence: approx. 885 SF with 2 bedrooms and 1 updated bathroom
