Updated Duplex with Private
New
For Sale
$725,000
593 Lelandhaven Way, Sacramento, CA 95831
Two occupied residences offer single-story layouts, private yards, and convenient access to shopping, dining, parks, and transportation routes.
Property Size2,550 SF
Price / SF$284.31
Days on Market5
Property Features for 593 Lelandhaven Way
General Information
Standard status
Active
Size
2,550 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Amenities
private backyard
Building Details
Year Built
1975
Stories
1
Listing Agency:
Coldwell Banker Realty
(916) 972-0212
Listed By:
Jacqueline D. Merchant · License #01322198
(916) 205-8921
Source:
Exitrealty
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 13 at 4:02AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1975 duplex contains two single-story residences, each with 3 bedrooms, 2 bathrooms, and approximately 1,275 square feet of living space. One residence at 593 Lelandhaven Way has been extensively updated, while the second is located at 6350 Seastone Way. The property includes 2,550 square feet overall, private two-car garages for both units, and separate low-maintenance backyards.
The duplex occupies a corner lot in Sacramento and is currently tenant-occupied. Its setting provides access to neighborhood shopping, dining, parks and recreation, and major transportation routes. The separate garage and yard areas add functional features for each residence.
The duplex occupies a corner lot in Sacramento and is currently tenant-occupied. Its setting provides access to neighborhood shopping, dining, parks and recreation, and major transportation routes. The separate garage and yard areas add functional features for each residence.
Key Highlights
- Two units, each with 3 bedrooms, 2 bathrooms, and approximately 1,275 square feet
- One residence at 593 Lelandhaven Way has been extensively updated
- Private two‑car garage provided for 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
$41,628
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
5.74%
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%
$832,560
$832.6K
Cap Rate 7%
$594,686
$594.7K
Cap Rate 9%
$462,533
$462.5K
Market Conditions
NOI Build-Up for 2,550 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
$62.7K $24.60/SF
− Vacancy
−$3.3K −$1.28/SF
EGI
$59.5K $23.32/SF
− OpEx
−$17.8K −$7.00/SF
NOI
$41.6K $16.32/SF
Area
ZIP 95831
Vacancy
5.20%
Lease Rate
$24.60 /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%
$832,560
Cap Rate 7%
$594,686
Cap Rate 9%
$462,533
Alternative Uses
Best Use
Multifamily LT 5
$594.7K
$520.4K – $693.8K
NOI $41,628 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$535.0K
$468.1K – $624.2K
NOI $37,449 @ 7.0% cap · market cap 5.17%
Theoretical Best
Hotel Hospitality
$19.87M
$17.39M – $23.19M
NOI $1,391,216 @ 7.0% cap · market cap 191.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Explore this area
Business Placement
Demographics for 95831, CA
43,099
Population
20,261
Households
2.1
Avg Household Size
45
Median Age
51%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
6,157
Density / Sq Mi
$96,509
Median Household Income
$58,726
Median Earnings
$1,864
Median Rent
$619,800
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences offer single-story layouts, private yards, and convenient access to shopping, dining, parks, and transportation routes.
Where is this duplex located?
The property is located at 593 Lelandhaven Way Sacramento, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms, 2 bathrooms, and approximately 1,275 square feet; One residence at 593 Lelandhaven Way has been extensively updated; Private two‑car garage provided for each unit
