Well-Maintained Duplex
5940 Rye Way Carmichael, CA 95608
5940 Rye Way, Carmichael, CA, 95608
$605,000
For Sale
$605,000
Turnkey 1977-built duplex with two occupied units, recently remodeled kitchens and bathrooms, and updated HVAC.
Property Size2,118 SF
Price / SF$285.65
Days on Market84
Property Features for 5940 Rye Way
General Information
- Standard status
- Active
- Size
- 2,118 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1977
Listing agency
Cornish & Carey Commercial
(916) 569-2385
Listed by
Kelly Rivett · License #01249433
(916) 569-2385
Source
Exitrealty
Added: Apr 29 Updated: Jul 21 at 1:00AM Checked: Jul 21 at 6:08AM
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 Cornish & Carey Commercial
Investment Insights
Based on property information with market context.
A well-maintained duplex at 5940-5942 Rye Way offers two separate residential units. The property includes a 1,134 SF 2-bedroom/2-bath unit and a 984 SF 2-bedroom/1-bath unit. The asset is 100% occupied by long-term tenants on month-to-month leases and is described as being in turnkey condition following recent capital improvements.
Recent updates include full kitchen and bathroom remodels in 2019, HVAC updates in 2014 and 2023, and a full exterior paint refresh in 2014. The duplex is located near the Crestview Village Shopping Center and the I-80 corridor.
The seller also offers two additional duplexes nearby—5904-5906 Bourbon Way and 5908-5910 Bourbon Way—allowing this property to be purchased individually or as part of a three-duplex portfolio.
Recent updates include full kitchen and bathroom remodels in 2019, HVAC updates in 2014 and 2023, and a full exterior paint refresh in 2014. The duplex is located near the Crestview Village Shopping Center and the I-80 corridor.
The seller also offers two additional duplexes nearby—5904-5906 Bourbon Way and 5908-5910 Bourbon Way—allowing this property to be purchased individually or as part of a three-duplex portfolio.
Key Highlights
- Well‑maintained 1977‑built duplex at 5940‑5942 Rye Way in Carmichael with two occupied units (100% occupancy).
- Unit mix: 1,134 SF 2BR/2BA and 984 SF 2BR/1BA.
- Recent updates include full kitchen and bathroom remodels in 2019.
Local 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 | $47.0k | $22.20 |
| − Vacancy | −$3.0k | −$1.43 |
| EGI | $44.0k | $20.77 |
| − OpEx | −$13.2k | −$6.23 |
| NOI | $30.8k | $14.54 |
2,118 SF · lease $22.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$439.8K
$384.8K – $513.1K
NOI $30,787 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$403.9K
$353.4K – $471.2K
NOI $28,271 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$564.2K
$493.7K – $658.3K
NOI $39,497 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey 1977-built duplex with two occupied units, recently remodeled kitchens and bathrooms, and updated HVAC.
Where is this duplex located?
The property is located at 5940 Rye Way Carmichael, CA.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: Well‑maintained 1977‑built duplex at 5940‑5942 Rye Way in Carmichael with two occupied units (100% occupancy).; Unit mix: 1,134 SF 2BR/2BA and 984 SF 2BR/1BA.; Recent updates include full kitchen and bathroom remodels in 2019.
