Turnkey Fourplex With In-Unit
For Sale
$1,100,000
431 Harding Ave, Sacramento, CA 95833
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 Market108
Property Features for 431 Harding Ave
General Information
Standard status
Active
Size
2,836 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Amenities
stackable washer and dryer
Building Details
Year Renovated
2022
Listing Agency:
eXp Realty of California Inc.
8327179
Listed By:
Ishrat Siddiqui · License #01449886
(916) 296-0917
Source:
Exprealty
Added: Jul 6
Changed: Oct 13
Last Checked: Oct 20 at 11:10PM
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 eXp Realty of California Inc.
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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
Estimated NOI and Cap Rate
NOI / Yr
$48,401
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$968,020
$968.0K
Cap Rate 7%
$691,443
$691.4K
Cap Rate 9%
$537,789
$537.8K
Market Conditions
NOI Build-Up for 2,836 SF
Gross rent
$73.2K $25.80/SF
− Vacancy
−$4.0K −$1.42/SF
EGI
$69.1K $24.38/SF
− OpEx
−$20.7K −$7.31/SF
NOI
$48.4K $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%
$968,020
Cap Rate 7%
$691,443
Cap Rate 9%
$537,789
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 authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
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Business Placement
Demographics for 95833, CA
40,195
Population
16,751
Households
2.4
Avg Household Size
34
Median Age
32%
College-Educated
89%
High-School Grad
8.1 sq mi
ZIP Area
4,962
Density / Sq Mi
$87,016
Median Household Income
$50,997
Median Earnings
$1,835
Median Rent
$439,700
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 - 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 Ave 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.
