Victorian
For Sale
$830,000
605-607 T Street, Sacramento, CA 95811
MULTI_FAMILY - Victorian, Craftsman - Sacramento, CA
Property Size2,340 SF
Lot Size0.07 Acres
Price / SF$354.70
Days on Market40
Property Features for 605-607 T Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3A
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1
Parking features
Off Street
Patio and Porch features
Deck
Exterior features
Playground
Appliances
Dishwasher, Built-In Gas Range, Free-Standing Refrigerator
Lot features
Garden, Curb(s)
Elementary school district
Sacramento Unified
Middle school district
Sacramento Unified
High school district
Sacramento Unified
Directions
Exit 10th Street off 80 West. Left on T St.Duplex is on the right.
Subdivision
Sacramento Midtown
Standard status
Active
APN
00900620200000
Size
2,340 SF
Lot size
0.07 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wood, Central, Wood Stove
Cooling system
Ceiling Fan(s), Wall Unit(s), Window Unit(s)
Water source
Public
Amenities
fireplace
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Concrete, Wood, Tile, Carpet
Building materials
Wood, Glass, Frame
Roof type
Composition
Architectural style
Victorian, Craftsman
Listing Agency:
eXp Realty of California, Inc
(888) 832-7179
Listed By:
Victor J Claros
(707) 591-5309
Added: Jul 6
Changed: Aug 14
Last Checked: Aug 14 at 4:06PM
MLS# 225147379
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1900-built Victorian duplex contains 2,340 square feet across two residential units. Each unit offers 2 bedrooms, 1 bathroom, approximately 1,170 sq. ft. of living area, and a living room with a fireplace. Kitchens include quartz countertops, full-height backsplashes, generous cabinetry, a dishwasher, built-in gas range, and freestanding refrigerator. Bathrooms feature updated contemporary vanities.
Unit 605 is vacant, while the property also includes off-street parking, a deck, and a playground. The building has wood-frame construction, composition roofing, public water and sewer, and R-3A zoning. Located at 605-607 T Street in Sacramento, the property combines Victorian and Craftsman architectural elements with updated interior finishes.
Unit 605 is vacant, while the property also includes off-street parking, a deck, and a playground. The building has wood-frame construction, composition roofing, public water and sewer, and R-3A zoning. Located at 605-607 T Street in Sacramento, the property combines Victorian and Craftsman architectural elements with updated interior finishes.
Key Highlights
- Two‑unit Victorian duplex with 2,340 square feet
- Each unit has 2 bedrooms, 1 bathroom, and approximately 1,170 sq. ft.
- Unit 605 is currently vacant
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
$39,936
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
4.81%
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%
$798,720
$798.7K
Cap Rate 7%
$570,514
$570.5K
Cap Rate 9%
$443,733
$443.7K
Market Conditions
NOI Build-Up for 2,340 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
$60.4K $25.80/SF
− Vacancy
−$3.3K −$1.42/SF
EGI
$57.1K $24.38/SF
− OpEx
−$17.1K −$7.31/SF
NOI
$39.9K $17.07/SF
Area
Sacramento, CA
Vacancy
5.50%
Lease Rate
$25.80 /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%
$798,720
Cap Rate 7%
$570,514
Cap Rate 9%
$443,733
Alternative Uses
Best Use
Multifamily LT 5
$570.5K
$499.2K – $665.6K
NOI $39,936 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$525.1K
$459.5K – $612.6K
NOI $36,757 @ 7.0% cap · market cap 4.43%
Theoretical Best
Specialty Retail
$628.8K
$550.2K – $733.6K
NOI $44,015 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,340
Businesses Nearby
Explore this area
Business Placement
Demographics for 95811, CA
12,463
Population
5,085
Households
2.5
Avg Household Size
37
Median Age
54%
College-Educated
93%
High-School Grad
2.3 sq mi
ZIP Area
5,419
Density / Sq Mi
$77,760
Median Household Income
$59,641
Median Earnings
$1,564
Median Rent
$707,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with refreshed kitchens, updated bathrooms, fireplaces, and one vacant unit.
Where is this duplex located?
The property is located at 605-607 T Street Sacramento, CA.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Two‑unit Victorian duplex with 2,340 square feet; Each unit has 2 bedrooms, 1 bathroom, and approximately 1,170 sq. ft.; Unit 605 is currently vacant
