Turnkey Fourplex With In-Unit
431 Harding Avenue Sacramento, CA 95833
For Sale
$1,100,000
Renovated four-unit multifamily property with each unit offering 2 bed, 1 bath and its own stackable washer and dryer.
Property Size2,836 SF
Price / SF$387.87
Days on Market19
Property Features for 431 Harding Avenue
General Information
- Standard status
- Active
- Size
- 2,836 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1951
Listing Agency:
eXp Realty of California Inc.
(916) 296-0917
Listed By:
Ishrat Siddiqui · License #01449886
(916) 296-0917
Source:
Exitrealty
Added: Jul 7
Changed: Jul 23
Last Checked: Jul 24 at 6:43AM
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 eXp Realty of California Inc.
Investment Insights
Based on property information with market context.
This turnkey fourplex includes four residential units, each configured with 2 bedrooms and 1 bathroom. Each unit also has its own stackable washer and dryer. The property was comprehensively renovated in October 2022 with a range of major improvements, including a new roof, HVAC systems, plumbing, electrical, windows, stucco, framing, kitchens, bathrooms, and bedrooms.
Tenants are responsible for their own electricity and gas. The property is situated on a large lot, which may present future development opportunities for a potential lot split to add an additional fourplex or to add up to three accessory dwelling units (ADUs). The buyer is responsible for independently verifying zoning, lot split potential, ADU opportunities, permits, development feasibility, and intended uses with the City of Sacramento and applicable governmental agencies.
Conveniently located near shopping, restaurants, schools, parks, Downtown Sacramento, Sacramento International Airport, public transportation, and major commuter routes, the property is positioned to support long-term rental appeal.
Tenants are responsible for their own electricity and gas. The property is situated on a large lot, which may present future development opportunities for a potential lot split to add an additional fourplex or to add up to three accessory dwelling units (ADUs). The buyer is responsible for independently verifying zoning, lot split potential, ADU opportunities, permits, development feasibility, and intended uses with the City of Sacramento and applicable governmental agencies.
Conveniently located near shopping, restaurants, schools, parks, Downtown Sacramento, Sacramento International Airport, public transportation, and major commuter routes, the property is positioned to support long-term rental appeal.
Key Highlights
- Renovated fourplex built in 1951 with four 2BD/1BA units.
- October 2022 comprehensive renovation included new roof, HVAC, plumbing, electrical, windows, stucco, framing, kitchens, bathrooms, and bedrooms.
- Each unit has its own stackable washer and dryer.
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 | $73.2k | $25.80 |
| − Vacancy | −$4.0k | −$1.42 |
| EGI | $69.1k | $24.38 |
| − OpEx | −$20.7k | −$7.31 |
| NOI | $48.4k | $17.07 |
2,836 SF · lease $25.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$691.4K
$605.0K – $806.7K
NOI $48,401 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$636.4K
$556.9K – $742.5K
NOI $44,548 @ 7.0% cap · market cap 4.05%
Theoretical Best
Specialty Retail
$762.1K
$666.8K – $889.1K
NOI $53,345 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Renovated four-unit multifamily property with each unit offering 2 bed, 1 bath and its own stackable washer and dryer.
Where is this quadplex located?
The property is located at 431 Harding Avenue Sacramento, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Renovated fourplex built in 1951 with four 2BD/1BA units.; October 2022 comprehensive renovation included new roof, HVAC, plumbing, electrical, windows, stucco, framing, kitchens, bathrooms, and bedrooms.; Each unit has its own stackable washer and dryer.
