Duplex with Updated
6500 Lake Park Drive, Sacramento, CA 95831
For Sale
New
$725,000
Both residences have attached garages, private yards, and in-unit laundry.
Property Size2,843 SF
Price / SF$255.01
Days on Market3
Property Features for 6500 Lake Park Drive
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
central heat and air
washer and dryer
private yard
covered patio
concrete pavers
new side fence
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
North Coast Commercial, Inc.
9799930
Listed By:
Timothy P Swanston · License #CA 01887506
(916) 541-3630
Source:
Cachecreekrealty
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 8:56PM
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 North Coast Commercial, Inc.
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Investment Insights
Based on property information with market context.
This 1966 duplex in Sacramento contains two residences: an approximately 1,500-square-foot, three-bedroom, two-bath unit and an approximately 1,300-square-foot, two-bedroom, two-bath unit. Each has an attached two-car garage, central heating and air conditioning, a washer and dryer, and a private yard. The larger unit has vinyl plank flooring, updated kitchen countertops, and stainless steel appliances. Outdoor features include a covered patio, concrete pavers, and a side fence. The property is zoned R-1-EA-4.
A park within walking distance offers tennis and disc golf.
A park within walking distance offers tennis and disc golf.
Key Highlights
- Two residences: approximately 1,500 square feet with 3 bedrooms and 2 baths; approximately 1,300 square feet with 2 bedrooms and 2 baths
- Attached two‑car garage at each residence
- Both units include central heat and air, washer and dryer, and a private yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,411
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$928,220
$928.2K
Cap Rate 7%
$663,014
$663.0K
Cap Rate 9%
$515,678
$515.7K
Market Conditions
NOI Build-Up for 2,843 SF
Gross rent
$69.9K $24.60/SF
− Vacancy
−$3.6K −$1.28/SF
EGI
$66.3K $23.32/SF
− OpEx
−$19.9K −$7.00/SF
NOI
$46.4K $16.32/SF
Area
ZIP 95831
Vacancy
5.20%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$928,220
Cap Rate 7%
$663,014
Cap Rate 9%
$515,678
Alternative Uses
Best Use
Multifamily LT 5
$663.0K
$580.1K – $773.5K
NOI $46,411 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$596.5K
$521.9K – $695.9K
NOI $41,752 @ 7.0% cap · market cap 5.76%
Theoretical Best
Hotel Hospitality
$22.16M
$19.39M – $25.85M
NOI $1,551,069 @ 7.0% cap · market cap 213.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
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Business Placement
Demographics for 95831, CA
43,099
Population
20,261
Households
2.1
Avg Household Size
45
Median Age
51%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
6,157
Density / Sq Mi
$96,509
Median Household Income
$58,726
Median Earnings
$1,864
Median Rent
$619,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Sacramento, CA
Properties on Market for Duplexes in Sacramento
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have attached garages, private yards, and in-unit laundry.
Where is this duplex located?
The property is located at 6500 Lake Park Drive Sacramento, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two residences: approximately 1,500 square feet with 3 bedrooms and 2 baths; approximately 1,300 square feet with 2 bedrooms and 2 baths; Attached two‑car garage at each residence; Both units include central heat and air, washer and dryer, and a private yard
