Fourplex Income Property
7441 Tiara Way Citrus Heights, CA 95610
For Sale
$860,000
Well-maintained fourplex with four two-bedroom, one-bath units, including two currently vacant units for immediate leasing.
Property Size3,576 SF
Price / SF$240.49
Days on Market21
Property Features for 7441 Tiara Way
General Information
- Standard status
- Active
- Size
- 3,576 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1963
Listing Agency:
Redfin Corporation
(916) 698-4587
Listed By:
Bret R Cochran · License #02162915
(916) 698-4587
Source:
Exitrealty
Added: Jul 3
Changed: Jul 23
Last Checked: Jul 23 at 7:59AM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This well-maintained fourplex offers four 2-bedroom, 1-bath units, each approximately 894 square feet. The property includes thoughtful updates and refreshes over time, with recent improvements noted in select units such as updated flooring, paint, and fixtures to help minimize deferred maintenance.
Two of the units are currently vacant, allowing for immediate leasing, while two units are occupied by long-term tenants. The combination of vacant and occupied units provides flexibility for an investor while maintaining steady income.
The property is located at 7441 Tiara Way in Citrus Heights, with convenient access to Sunrise Boulevard and nearby shopping, dining, parks, schools, and major commuter routes.
Two of the units are currently vacant, allowing for immediate leasing, while two units are occupied by long-term tenants. The combination of vacant and occupied units provides flexibility for an investor while maintaining steady income.
The property is located at 7441 Tiara Way in Citrus Heights, with convenient access to Sunrise Boulevard and nearby shopping, dining, parks, schools, and major commuter routes.
Key Highlights
- 1963‑built fourplex at 7441 Tiara Way with four 2‑bedroom, 1‑bath units
- Approx. 894 SF per unit, totaling four spacious residential units
- Includes two currently vacant units, offering immediate leasing/market‑rent potential
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.4k | $22.20 |
| − Vacancy | −$5.1k | −$1.43 |
| EGI | $74.3k | $20.77 |
| − OpEx | −$22.3k | −$6.23 |
| NOI | $52.0k | $14.54 |
3,576 SF · lease $22.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$742.6K
$649.8K – $866.4K
NOI $51,981 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$681.9K
$596.7K – $795.6K
NOI $47,733 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$952.7K
$833.6K – $1.11M
NOI $66,686 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex with four two-bedroom, one-bath units, including two currently vacant units for immediate leasing.
Where is this quadplex located?
The property is located at 7441 Tiara Way Citrus Heights, CA.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: 1963‑built fourplex at 7441 Tiara Way with four 2‑bedroom, 1‑bath units; Approx. 894 SF per unit, totaling four spacious residential units; Includes two currently vacant units, offering immediate leasing/market‑rent potential
