Renovated Three-Unit
New
For Sale
$975,000
6040 Rowan Way, Citrus Heights, CA 95621
Three updated residences offer a mix of two- and three-bedroom layouts, shared laundry, and covered parking.
Property Size2,927 SF
Lot Size0.30 Acres
Price / SF$333.11
Days on Market6
Property Features for 6040 Rowan Way
General Information
Standard status
Active
Size
2,927 SF
Lot size
0.30 Acres
Property subtype
Residential Income
Zoning
RD-10
Units
Unit Mix
2 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Amenities
shared laundry room
covered parking
Listing Agency:
eXp Realty of California Inc
8487410
Listed By:
Jose M. Chavez
(916) 871-0632
Source:
Exprealty
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 27 at 3:41AM
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.
At 6040 Rowan Way, this 2,927-SF triplex contains three renovated residences: two with 2 bedrooms and 1 bathroom each, and one with 3 bedrooms and 1 bathroom. Updated kitchens, new appliances, remodeled bathrooms, LED lighting, WPC luxury vinyl plank flooring, and refreshed interior finishes are complemented by new doors and windows. Building improvements include electrical rewiring, new breaker panels and service entrance equipment, new HVAC systems, blown-in attic insulation, and tankless water heaters.
The property occupies an approximately 0.30-acre corner lot in Citrus Heights and is zoned RD-10. Exterior work includes updated stucco with an acrylic finish, landscaping, driveway and walkways, fencing, and gates. Covered parking and a shared laundry room with two laundry sets serve the property. Additional units or ADUs may be explored, subject to City approval and verification.
The property occupies an approximately 0.30-acre corner lot in Citrus Heights and is zoned RD-10. Exterior work includes updated stucco with an acrylic finish, landscaping, driveway and walkways, fencing, and gates. Covered parking and a shared laundry room with two laundry sets serve the property. Additional units or ADUs may be explored, subject to City approval and verification.
Key Highlights
- Three residences: two 2‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath unit
- 2,927 SF triplex on an approximately 0.30‑acre corner lot
- RD‑10 zoning; additional units or ADUs subject to City approval and verification
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,547
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,940
$850.9K
Cap Rate 7%
$607,814
$607.8K
Cap Rate 9%
$472,744
$472.7K
Market Conditions
NOI Build-Up for 2,927 SF
Gross rent
$65.0K $22.20/SF
− Vacancy
−$4.2K −$1.43/SF
EGI
$60.8K $20.77/SF
− OpEx
−$18.2K −$6.23/SF
NOI
$42.5K $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 Rate 5%
$850,940
Cap Rate 7%
$607,814
Cap Rate 9%
$472,744
Alternative Uses
Best Use
Multifamily LT 5
$607.8K
$531.8K – $709.1K
NOI $42,547 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$558.1K
$488.4K – $651.2K
NOI $39,070 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$779.8K
$682.3K – $909.7K
NOI $54,584 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
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Business Placement
Demographics for 95621, CA
42,941
Population
17,284
Households
2.5
Avg Household Size
40
Median Age
20%
College-Educated
90%
High-School Grad
6.7 sq mi
ZIP Area
6,409
Density / Sq Mi
$77,377
Median Household Income
$43,789
Median Earnings
$1,776
Median Rent
$401,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three updated residences offer a mix of two- and three-bedroom layouts, shared laundry, and covered parking.
Where is this triplex located?
The property is located at 6040 Rowan Way Citrus Heights, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Three residences: two 2‑bedroom, 1‑bath units and one 3‑bedroom, 1‑bath unit; 2,927 SF triplex on an approximately 0.30‑acre corner lot; RD‑10 zoning; additional units or ADUs subject to City approval and verification
