Four-Unit Apartment
6043 Northcrest Circle, Carmichael, CA 95608
For Sale
$889,000
All residences are occupied and include indoor laundry connections and central heating and air conditioning.
Property Size3,536 SF
Price / SF$251.41
Days on Market20
Property Features for 6043 Northcrest Circle
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
indoor laundry hookups
central heating and air conditioning
backyard areas
Fenced Yard
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Berkshire Hathaway HomeServices-Drysdale Properties
4874287
Listed By:
Stacie A Davis · License #01930318
(916) 214-5547
Source:
Busybee
Added: Oct 19
Changed: Nov 7
Last Checked: Nov 7 at 5:25PM
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 Berkshire Hathaway HomeServices-Drysdale Properties
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Investment Insights
Based on property information with market context.
Built in 1963, this Carmichael fourplex contains 3,536 square feet across four occupied apartments, each with two bedrooms and one bathroom. Every unit has indoor laundry hookups and central heating and air conditioning. Two kitchens have received updates to cabinetry, counters, appliances, and flooring. Exterior paint is new, and the ground-floor apartments have large backyard areas. The decks and stairs meet SB 326 and SB 721 requirements.
The property at 6043 Northcrest Circle is zoned RD-20 and is near American River College, shopping, dining, and transportation options.
The property at 6043 Northcrest Circle is zoned RD-20 and is near American River College, shopping, dining, and transportation options.
Key Highlights
- Four occupied two‑bedroom, one‑bathroom apartments
- 3,536 square feet; built in 1963
- Indoor laundry hookups and central heating and air conditioning in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,400
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,028,000
$1.0M
Cap Rate 7%
$734,286
$734.3K
Cap Rate 9%
$571,111
$571.1K
Market Conditions
NOI Build-Up for 3,536 SF
Gross rent
$78.5K $22.20/SF
− Vacancy
−$5.1K −$1.43/SF
EGI
$73.4K $20.77/SF
− OpEx
−$22.0K −$6.23/SF
NOI
$51.4K $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%
$1,028,000
Cap Rate 7%
$734,286
Cap Rate 9%
$571,111
Alternative Uses
Best Use
Multifamily LT 5
$734.3K
$642.5K – $856.7K
NOI $51,400 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$674.3K
$590.0K – $786.7K
NOI $47,199 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$942.0K
$824.3K – $1.10M
NOI $65,940 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
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Business Placement
Demographics for 95608, CA
65,367
Population
27,312
Households
2.4
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
13.2 sq mi
ZIP Area
4,952
Density / Sq Mi
$83,638
Median Household Income
$45,625
Median Earnings
$1,549
Median Rent
$565,600
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Sacramento County, CA
Properties on Market for Quadplexes in Sacramento County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All residences are occupied and include indoor laundry connections and central heating and air conditioning.
Where is this quadplex located?
The property is located at 6043 Northcrest Circle Carmichael, CA.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Four occupied two‑bedroom, one‑bathroom apartments; 3,536 square feet; built in 1963; Indoor laundry hookups and central heating and air conditioning in each unit
