Remodeled Duplex with Attached
New
For Sale
$735,000
5846 Fledgling Court, Fair Oaks, CA 95628
Updated two-unit property with private yards, in-unit laundry hookups, and refreshed kitchens and baths.
Property Size2,343 SF
Price / SF$313.70
Days on Market5
Property Features for 5846 Fledgling Court
General Information
Standard status
Active
Size
2,343 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
in-unit laundry hook-ups
Building Details
Year Built
1978
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
The McGill Team
(916) 963-6212
Listed By:
Matthew H. McGill · License #01061567
(916) 963-6212
Source:
Exitrealty
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 10 at 3:09AM
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 The McGill Team
Investment Insights
Based on property information with market context.
Built in 1978, this 2,343-square-foot duplex combines two single-story residences with a 2-bedroom, 2-bath unit and a 3-bedroom, 2-bath unit. Both homes include attached garages, laundry hookups, vaulted ceilings, open kitchen layouts, and durable porcelain tile flooring with a wood-look finish. Kitchens have newer cabinetry, Quartz countertops, sinks, faucets, and appliances, while the bathrooms feature updated vanities, lighting, tubs, Quartz shower surrounds, sinks, and faucets.
The property sits in a cul-de-sac at 5846 Fledgling Court in Fair Oaks, near Fair Oaks Blvd. Each residence has a private backyard enclosed by newer fencing installed in 2024. Both units are tenant-occupied. Additional updates include a newer HVAC system from 2021 and a roof carrying a 2026 warranty. The property is within the San Juan Unified School District attendance area and offers access to highways, shopping, and dining.
The property sits in a cul-de-sac at 5846 Fledgling Court in Fair Oaks, near Fair Oaks Blvd. Each residence has a private backyard enclosed by newer fencing installed in 2024. Both units are tenant-occupied. Additional updates include a newer HVAC system from 2021 and a roof carrying a 2026 warranty. The property is within the San Juan Unified School District attendance area and offers access to highways, shopping, and dining.
Key Highlights
- 2,343‑square‑foot duplex built in 1978
- Unit mix includes 2‑bedroom, 2‑bath and 3‑bedroom, 2‑bath residences
- Attached garage and laundry hookups serve each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,058
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$681,160
$681.2K
Cap Rate 7%
$486,543
$486.5K
Cap Rate 9%
$378,422
$378.4K
Market Conditions
NOI Build-Up for 2,343 SF
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.
Gross rent
$52.0K $22.20/SF
− Vacancy
−$3.4K −$1.43/SF
EGI
$48.7K $20.77/SF
− OpEx
−$14.6K −$6.23/SF
NOI
$34.1K $14.54/SF
Area
Sacramento County, CA
Vacancy
6.46%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$681,160
Cap Rate 7%
$486,543
Cap Rate 9%
$378,422
Alternative Uses
Best Use
Multifamily LT 5
$486.5K
$425.7K – $567.6K
NOI $34,058 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$446.8K
$390.9K – $521.3K
NOI $31,275 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$624.2K
$546.2K – $728.2K
NOI $43,693 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,058
Businesses Nearby
Explore this area
Business Placement
Demographics for 95628, CA
42,824
Population
17,417
Households
2.5
Avg Household Size
46
Median Age
44%
College-Educated
96%
High-School Grad
12.9 sq mi
ZIP Area
3,320
Density / Sq Mi
$111,582
Median Household Income
$57,050
Median Earnings
$1,857
Median Rent
$615,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with private yards, in-unit laundry hookups, and refreshed kitchens and baths.
Where is this duplex located?
The property is located at 5846 Fledgling Court Fair Oaks, CA.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 2,343‑square‑foot duplex built in 1978; Unit mix includes 2‑bedroom, 2‑bath and 3‑bedroom, 2‑bath residences; Attached garage and laundry hookups serve each unit
