Victorian Duplex with Updated
For Sale
$830,000
607 T Street, Sacramento, CA 95811
Two residential units combine refreshed kitchens and bathrooms with fireplaces in both living rooms.
Property Size2,340 SF
Price / SF$354.70
Days on Market271
Property Features for 607 T Street
General Information
Standard status
Active
Size
2,340 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
fireplaces
Building Details
Buildings
1
Construction
Victorian
Listing Agency:
eXp Realty of California, Inc
(707) 591-5309
Listed By:
Victor J Claros
Source:
Exprealty
Added: Dec 3, 2025
Changed: Aug 30
Last Checked: Aug 31 at 5:58PM
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
Investment Insights
Based on property information with market context.
This Victorian duplex at 607 T Street comprises two residential units, each with two bedrooms, one bathroom, and approximately 1,170 square feet. The property totals 2,340 square feet and includes a living room with a fireplace in each unit. Kitchens have been updated with quartz countertops, full-height backsplashes, and substantial cabinetry, while both bathrooms feature refreshed contemporary vanities.
Unit 605 is currently vacant. The two-unit layout supports separate residential accommodations within a single property and includes updated interior finishes throughout the kitchens and bathrooms.
Unit 605 is currently vacant. The two-unit layout supports separate residential accommodations within a single property and includes updated interior finishes throughout the kitchens and bathrooms.
Key Highlights
- Two‑unit Victorian duplex totaling 2,340 square feet
- Each unit includes 2 bedrooms, 1 bathroom, and approximately 1,170 square feet
- Living rooms in both units feature fireplaces
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
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,629
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 residential units combine refreshed kitchens and bathrooms with fireplaces in both living rooms.
Where is this duplex located?
The property is located at 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 totaling 2,340 square feet; Each unit includes 2 bedrooms, 1 bathroom, and approximately 1,170 square feet; Living rooms in both units feature fireplaces
