4-Unit Quadplex with
New
For Sale
$823,000
5644 Odea Drive, Sacramento, CA 95824
Four apartments include central air conditioning and provided appliances, with private outdoor features on both levels.
Property Size3,390 SF
Price / SF$242.77
Days on Market6
Property Features for 5644 Odea Drive
General Information
Standard status
Active
Size
3,390 SF
Total Parking Spaces
5
Property subtype
Residential Income
Zoning
RD 20 High Density Multifamily Residenti
Site & Location
Neighborhood
Preservation Sacramento
Highway Access
Yes
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Amenities
central air conditioning
appliances
fenced back yards
balconies
Yard Space
Building Details
Building Size
3,390 SF
Year Built
1972
Buildings
1
Stories
2
Units
4
Listing Agency:
Windermere Signature Properties LP
4533333
Listed By:
Robert Mitchell
(916) 717-6337
Source:
Davenportsold
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 4:18PM
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 Windermere Signature Properties LP
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Investment Insights
Based on property information with market context.
This 3,390-square-foot quadplex contains four units and was built in 1972. Recent work includes a newer roof, exterior repainting, and carpet removal throughout the apartments. Each unit has central air conditioning, and appliances are included. The two ground-floor apartments have fenced rear yards; the upper-floor units feature front-facing balconies.
The property is in Sacramento, with access to nearby employment, shopping, and freeway connections. Zoning is identified as RD 20 High Density Multifamily Residenti. The open area on the lot is noted as a possible setting for accessory dwelling units, subject to verification; no entitlement or approval is established.
The property is in Sacramento, with access to nearby employment, shopping, and freeway connections. Zoning is identified as RD 20 High Density Multifamily Residenti. The open area on the lot is noted as a possible setting for accessory dwelling units, subject to verification; no entitlement or approval is established.
Key Highlights
- Four‑unit property with 3,390 square feet of building area
- Newer roof, refreshed exterior paint, and carpet removed from all units
- Two ground‑floor units have fenced rear yards; two upper units have front‑facing balconies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,856
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,120
$1.2M
Cap Rate 7%
$826,514
$826.5K
Cap Rate 9%
$642,844
$642.8K
Market Conditions
NOI Build-Up for 3,390 SF
Gross rent
$87.5K $25.80/SF
− Vacancy
−$4.8K −$1.42/SF
EGI
$82.7K $24.38/SF
− OpEx
−$24.8K −$7.31/SF
NOI
$57.9K $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%
$1,157,120
Cap Rate 7%
$826,514
Cap Rate 9%
$642,844
Alternative Uses
Best Use
Multifamily LT 5
$826.5K
$723.2K – $964.3K
NOI $57,856 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$760.7K
$665.6K – $887.5K
NOI $53,250 @ 7.0% cap · market cap 6.47%
Theoretical Best
Specialty Retail
$910.9K
$797.1K – $1.06M
NOI $63,766 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 95824, CA
31,524
Population
9,686
Households
3.3
Avg Household Size
33
Median Age
12%
College-Educated
69%
High-School Grad
4.0 sq mi
ZIP Area
7,881
Density / Sq Mi
$53,938
Median Household Income
$32,435
Median Earnings
$1,392
Median Rent
$322,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments include central air conditioning and provided appliances, with private outdoor features on both levels.
Where is this quadplex located?
The property is located at 5644 Odea Drive Sacramento, CA.
What is the asking price?
The asking price for this property is $823,000.
What are key features of this property?
This property features: Four‑unit property with 3,390 square feet of building area; Newer roof, refreshed exterior paint, and carpet removed from all units; Two ground‑floor units have fenced rear yards; two upper units have front‑facing balconies
