Updated Duplex with Attached
New
For Sale
$715,000
6970 Gallery Way, Sacramento, CA 95831
Corner-lot duplex with private entrances, separate fenced yards, and laundry hookups for each residence.
Property Size2,121 SF
Price / SF$337.11
Days on Market5
Property Features for 6970 Gallery Way
General Information
Standard status
Active
Size
2,121 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
laundry hookups
fenced yards
fireplace
covered patio
owned solar
dual-pane windows
Building Details
Year Built
1975
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(916) 972-0212
Listed By:
The Jamison Team
(408) 465-4899
Source:
Tuscanaproperties
Added: Sep 19
Changed: Sep 23
Last Checked: Sep 22 at 5:02PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 1975, this 2,121-square-foot duplex contains two separately accessed residences with attached garages, laundry hookups, and individual fenced yards. The larger unit offers 3 bedrooms and 1.5 baths, an open living area with a fireplace, a covered patio, and a private sink and toilet in the primary bedroom. The second residence includes 2 bedrooms and 1 full bath.
Both homes are occupied by long-term month-to-month tenants. Property improvements include electrical and plumbing updates, a new sewer line, owned solar, dual-pane windows, and newer HVAC systems. The first unit received its HVAC replacement in 2018, while the second received a new system in 2025. The property is located near schools, shopping, parks, and transportation in Sacramento.
Both homes are occupied by long-term month-to-month tenants. Property improvements include electrical and plumbing updates, a new sewer line, owned solar, dual-pane windows, and newer HVAC systems. The first unit received its HVAC replacement in 2018, while the second received a new system in 2025. The property is located near schools, shopping, parks, and transportation in Sacramento.
Key Highlights
- 2,121‑square‑foot duplex built in 1975
- Unit 1: 3 bedrooms and 1.5 baths with fireplace and covered patio
- Unit 2: 2 bedrooms and 1 full bath
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
$34,624
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
4.84%
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%
$692,480
$692.5K
Cap Rate 7%
$494,629
$494.6K
Cap Rate 9%
$384,711
$384.7K
Market Conditions
NOI Build-Up for 2,121 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
$52.2K $24.60/SF
− Vacancy
−$2.7K −$1.28/SF
EGI
$49.5K $23.32/SF
− OpEx
−$14.8K −$7.00/SF
NOI
$34.6K $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 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%
$692,480
Cap Rate 7%
$494,629
Cap Rate 9%
$384,711
Alternative Uses
Best Use
Multifamily LT 5
$494.6K
$432.8K – $577.1K
NOI $34,624 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$445.0K
$389.4K – $519.2K
NOI $31,149 @ 7.0% cap · market cap 4.36%
Theoretical Best
Hotel Hospitality
$16.53M
$14.46M – $19.29M
NOI $1,157,164 @ 7.0% cap · market cap 161.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot duplex with private entrances, separate fenced yards, and laundry hookups for each residence.
Where is this duplex located?
The property is located at 6970 Gallery Way Sacramento, CA.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: 2,121‑square‑foot duplex built in 1975; Unit 1: 3 bedrooms and 1.5 baths with fireplace and covered patio; Unit 2: 2 bedrooms and 1 full bath
