Single-Story Duplex with
New
For Sale
$629,500
6106 Oakgreen Circle, Carmichael, CA 95608
A two-unit property with private parking, outdoor areas, and flexible residential layouts.
Property Size2,668 SF
Price / SF$235.94
Days on Market4
Property Features for 6106 Oakgreen Circle
General Information
Standard status
Active
Size
2,668 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
2
Amenities
backyard space
covered patios
mature trees
Building Details
Year Built
1968
Buildings
1
Stories
1
Listing Agency:
Hamilton Homes Norcal
(916) 717-8120
Listed By:
Inspired Real Estate Group Inc
(916) 622-5341
Source:
Inspiredrealestategroup
Added: Sep 13
Changed: Sep 15
Last Checked: Sep 15 at 8:00AM
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 Hamilton Homes Norcal
Investment Insights
Based on property information with market context.
This 2,668-square-foot duplex, built in 1968, includes two single-level residences with distinct layouts: one offers 2 bedrooms and 2 baths, while the other provides 3 bedrooms and 2 baths. Each unit includes living and dining areas, a kitchen, an attached garage, and a separate driveway. Covered patios, backyard areas, and mature trees extend the usable space beyond the interiors.
Located at 6106 Oakgreen Circle in Carmichael’s Blue Oaks Estates, the property is near parks, shopping, dining, and everyday amenities. The combination of separate residences, varied bedroom counts, and dedicated parking supports both owner-occupant and investment ownership strategies.
Located at 6106 Oakgreen Circle in Carmichael’s Blue Oaks Estates, the property is near parks, shopping, dining, and everyday amenities. The combination of separate residences, varied bedroom counts, and dedicated parking supports both owner-occupant and investment ownership strategies.
Key Highlights
- 2,668‑square‑foot duplex on a 0.??
- Unit mix includes one 2‑bedroom, 2‑bath residence and one 3‑bedroom, 2‑bath residence
- Both units feature single‑story floor plans
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
$38,782
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
6.16%
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%
$775,640
$775.6K
Cap Rate 7%
$554,029
$554.0K
Cap Rate 9%
$430,911
$430.9K
Market Conditions
NOI Build-Up for 2,668 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
$59.2K $22.20/SF
− Vacancy
−$3.8K −$1.43/SF
EGI
$55.4K $20.77/SF
− OpEx
−$16.6K −$6.23/SF
NOI
$38.8K $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 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%
$775,640
Cap Rate 7%
$554,029
Cap Rate 9%
$430,911
Alternative Uses
Best Use
Multifamily LT 5
$554.0K
$484.8K – $646.4K
NOI $38,782 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$508.8K
$445.2K – $593.6K
NOI $35,613 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$710.8K
$621.9K – $829.2K
NOI $49,754 @ 7.0% cap · market cap 7.90%
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
589
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - A two-unit property with private parking, outdoor areas, and flexible residential layouts.
Where is this duplex located?
The property is located at 6106 Oakgreen Circle Carmichael, CA.
What is the asking price?
The asking price for this property is $629,500.
What are key features of this property?
This property features: 2,668‑square‑foot duplex on a 0.??; Unit mix includes one 2‑bedroom, 2‑bath residence and one 3‑bedroom, 2‑bath residence; Both units feature single‑story floor plans
