Four-Unit Duplex Investment
4824 Gastman Way Fair Oaks, CA 95628
New
For Sale
$849,000
Two duplexes on one lot provide four occupied 2-bedroom, 1-bath units with private carports and storage.
Property Size2,680 SF
Price / SF$316.79
Days on Market7
Property Features for 4824 Gastman Way
General Information
Standard status
Active
Size
2,680 SF
Property subtype
Multi Family
Building Details
Year Built
1961
Listing Agency:
Nick Sadek Sotheby's International Realty
(916) 531-7124
Listed By:
Rebecca L. Lund · License #01297999
(916) 531-7124
Source:
Exitrealty
Added: Jul 23
Changed: Jul 28
Last Checked: Jul 29 at 7:42AM
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 Nick Sadek Sotheby's International Realty
Investment Insights
Based on property information with market context.
This for-sale residential income property consists of two duplexes totaling four well-maintained 2-bedroom, 1-bath units. The units are currently occupied, supporting immediate rental income. Each unit includes its own carport and private storage, providing practical, tenant-friendly layouts.
The property is situated on a spacious 0.43-acre lot. Public remarks note the location offers convenient access to the American River Parkway and American River, along with nearby shopping, dining, and commuter routes.
An oversized lot provides additional room for parking and may allow for future expansion, subject to applicable approvals. The property is positioned as an opportunity for an investor seeking a stabilized, four-unit rental configuration.
The property is situated on a spacious 0.43-acre lot. Public remarks note the location offers convenient access to the American River Parkway and American River, along with nearby shopping, dining, and commuter routes.
An oversized lot provides additional room for parking and may allow for future expansion, subject to applicable approvals. The property is positioned as an opportunity for an investor seeking a stabilized, four-unit rental configuration.
Key Highlights
- Year built 1961 with two duplexes on one lot for a total of four 2‑bedroom, 1‑bath units
- All four units are currently occupied, providing immediate rental income
- Each unit includes its own carport with private storage
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 | $59.5k | $22.20 |
| − Vacancy | −$3.8k | −$1.43 |
| EGI | $55.7k | $20.77 |
| − OpEx | −$16.7k | −$6.23 |
| NOI | $39.0k | $14.54 |
2,680 SF · lease $22.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$556.5K
$487.0K – $649.3K
NOI $38,957 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$511.0K
$447.2K – $596.2K
NOI $35,773 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$714.0K
$624.7K – $833.0K
NOI $49,977 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Two duplexes on one lot provide four occupied 2-bedroom, 1-bath units with private carports and storage.
Where is this quadplex located?
The property is located at 4824 Gastman Way Fair Oaks, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Year built 1961 with two duplexes on one lot for a total of four 2‑bedroom, 1‑bath units; All four units are currently occupied, providing immediate rental income; Each unit includes its own carport with private storage
