Duplex with On-Site
For Sale
$305,000
Pending
510 Jefferson Ave, Sacramento, CA 95833
Two residential units support owner-occupancy or leasing flexibility in Sacramento’s Gardenland neighborhood.
Property Size1,426 SF
Lot Size0.22 Acres
Days on Market71
Property Features for 510 Jefferson Ave
General Information
Standard status
Pending
Size
1,426 SF
Total Parking Spaces
5
Lot size
0.22 Acres
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1960
Listing Agency:
eXp Realty of California, Inc
(888) 832-7179
Listed By:
Russell R. Enyart · License #01955187
(916) 524-9733
Source:
Exprealty
Added: Aug 7
Changed: Oct 11
Last Checked: Oct 15 at 1:37AM
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.
Built in 1960, this duplex contains approximately 1,426 sq ft of living space across two residential units. The property occupies a 9,583 sq ft, 0.22-acre lot with parking for up to 5 vehicles, providing a practical setup for an owner-occupant or an investor leasing both units.
The property is located at 510 Jefferson Ave in Sacramento’s Gardenland neighborhood, near Gardenland Park, the American River Parkway, and Discovery Park. Northgate Boulevard and nearby corridors provide access to markets, dining, and services. I-5 connects the property with downtown Sacramento, Sacramento International Airport, and major employment centers.
The property is located at 510 Jefferson Ave in Sacramento’s Gardenland neighborhood, near Gardenland Park, the American River Parkway, and Discovery Park. Northgate Boulevard and nearby corridors provide access to markets, dining, and services. I-5 connects the property with downtown Sacramento, Sacramento International Airport, and major employment centers.
Key Highlights
- Duplex built in 1960
- Approximately 1,426 sq ft of living space
- 9,583 sq ft lot, equal to 0.22 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,337
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,740
$486.7K
Cap Rate 7%
$347,671
$347.7K
Cap Rate 9%
$270,411
$270.4K
Market Conditions
NOI Build-Up for 1,426 SF
Gross rent
$36.8K $25.80/SF
− Vacancy
−$2.0K −$1.42/SF
EGI
$34.8K $24.38/SF
− OpEx
−$10.4K −$7.31/SF
NOI
$24.3K $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%
$486,740
Cap Rate 7%
$347,671
Cap Rate 9%
$270,411
Alternative Uses
Best Use
Multifamily LT 5
$347.7K
$304.2K – $405.6K
NOI $24,337 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$320.0K
$280.0K – $373.3K
NOI $22,400 @ 7.0% cap · market cap 7.34%
Theoretical Best
Specialty Retail
$383.2K
$335.3K – $447.1K
NOI $26,823 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units support owner-occupancy or leasing flexibility in Sacramento’s Gardenland neighborhood.
Where is this duplex located?
The property is located at 510 Jefferson Ave Sacramento, CA.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Duplex built in 1960; Approximately 1,426 sq ft of living space; 9,583 sq ft lot, equal to 0.22 acres
