Duplex with In-Unit Laundry
New
For Sale
$390,000
694-698 Eleanor Avenue, Sacramento, CA 95815
Each residence has two bedrooms, one bathroom, and its own laundry area with washer and dryer connections.
Property Size1,820 SF
Price / SF$214.29
Days on Market2
Property Features for 694-698 Eleanor Avenue
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Residential Income
Zoning
R-1
Site & Location
Neighborhood
Old North Sacramento
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Amenities
Carpet,Vinyl
1
2
All Units
In Each Unit,Washer/Dryer Hookups
Shape Regular,Curbs/Gutters
Public
4.0
0.0
0.13
Assessor Auto-Fill
Off Street,Uncovered
Slab
Building Details
Year Built
1950
Stories
1
Listing Agency:
GUIDE Real Estate
Listed By:
Brian L Mitry · License #01414124
(916) 223-9077
Source:
Carlilerealty
Added: Oct 30
Last Checked: Oct 30 at 2:45PM
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 GUIDE Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,820-square-foot duplex contains two 910-square-foot residences, each arranged with two bedrooms and one bathroom. Both units include a dedicated laundry room with washer and dryer hookups. The property has undergone several updates in the past three years.
Unit 694 features kitchen cabinets, laminate bedroom flooring, and a refrigerator. Its water heater was installed with a permit and inspection. Unit 698 has carpeted bedrooms. The property is zoned R-1 and was built in 1950.
Unit 694 features kitchen cabinets, laminate bedroom flooring, and a refrigerator. Its water heater was installed with a permit and inspection. Unit 698 has carpeted bedrooms. The property is zoned R-1 and was built in 1950.
Key Highlights
- Two 910‑square‑foot units, each with 2 bedrooms and 1 bathroom
- Laundry room and washer/dryer hookups in each residence
- Updates completed over the past three years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,061
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,220
$621.2K
Cap Rate 7%
$443,729
$443.7K
Cap Rate 9%
$345,122
$345.1K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$47.0K $25.80/SF
− Vacancy
−$2.6K −$1.42/SF
EGI
$44.4K $24.38/SF
− OpEx
−$13.3K −$7.31/SF
NOI
$31.1K $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 Rate 5%
$621,220
Cap Rate 7%
$443,729
Cap Rate 9%
$345,122
Alternative Uses
Best Use
Multifamily LT 5
$443.7K
$388.3K – $517.7K
NOI $31,061 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$408.4K
$357.4K – $476.5K
NOI $28,589 @ 7.0% cap · market cap 7.33%
Theoretical Best
Specialty Retail
$489.1K
$427.9K – $570.6K
NOI $34,234 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
Explore this area
Business Placement
Demographics for 95815, CA
27,838
Population
10,527
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
79%
High-School Grad
7.7 sq mi
ZIP Area
3,615
Density / Sq Mi
$58,590
Median Household Income
$37,199
Median Earnings
$1,448
Median Rent
$298,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, and its own laundry area with washer and dryer connections.
Where is this duplex located?
The property is located at 694-698 Eleanor Avenue Sacramento, CA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two 910‑square‑foot units, each with 2 bedrooms and 1 bathroom; Laundry room and washer/dryer hookups in each residence; Updates completed over the past three years
