Two-Bedroom
For Sale
$839,000
Pending
910 35th Street, Sacramento, CA 95816
Two matching residences offer hardwood flooring, fireplaces, mini-split systems, and off-street parking in East Sacramento.
Property Size2,268 SF
Days on Market66
Property Features for 910 35th Street
General Information
Standard status
Pending
Size
2,268 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1.25BA
Multifamily Units
2
Amenities
hardwood floors
fireplaces
dual-pane windows
energy-efficient mini-split systems
off-street parking
Building Details
Year Built
1922
Listing Agency:
Windermere Signature Properties Natomas
(916) 895-8829
Listed By:
Danny M. Tejeda · License #01958603
(916) 895-8829
Source:
Exitrealty
Added: Jun 27
Changed: Aug 30
Last Checked: Aug 30 at 12:59PM
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 Windermere Signature Properties Natomas
Investment Insights
Based on property information with market context.
This 1922 duplex contains two matching residences, each with two bedrooms, 1.25 bathrooms, and approximately 1,134 square feet of living area. Interior features include hardwood floors, fireplaces, dual-pane windows, and mini-split systems serving each unit. Off-street parking is also provided.
The property is located at 910 35th Street in Sacramento’s East Sacramento area, near McKinley Park, the Fab 40s, hospitals, schools, shopping, dining, and Downtown Sacramento. The two-unit configuration supports separate occupancy while preserving consistent layouts and finishes across both residences.
The property is located at 910 35th Street in Sacramento’s East Sacramento area, near McKinley Park, the Fab 40s, hospitals, schools, shopping, dining, and Downtown Sacramento. The two-unit configuration supports separate occupancy while preserving consistent layouts and finishes across both residences.
Key Highlights
- Two‑unit duplex with matching layouts
- Each unit offers 2 bedrooms, 1.25 bathrooms, and approximately 1,134 square feet
- 1922 construction with hardwood floors and fireplaces
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
$38,707
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
4.61%
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%
$774,140
$774.1K
Cap Rate 7%
$552,957
$553.0K
Cap Rate 9%
$430,078
$430.1K
Market Conditions
NOI Build-Up for 2,268 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
$58.5K $25.80/SF
− Vacancy
−$3.2K −$1.42/SF
EGI
$55.3K $24.38/SF
− OpEx
−$16.6K −$7.31/SF
NOI
$38.7K $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 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%
$774,140
Cap Rate 7%
$552,957
Cap Rate 9%
$430,078
Alternative Uses
Best Use
Multifamily LT 5
$553.0K
$483.8K – $645.1K
NOI $38,707 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$508.9K
$445.3K – $593.8K
NOI $35,626 @ 7.0% cap · market cap 4.25%
Theoretical Best
Specialty Retail
$609.4K
$533.3K – $711.0K
NOI $42,661 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,634
Businesses Nearby
Explore this area
Business Placement
Demographics for 95816, CA
18,606
Population
11,553
Households
1.6
Avg Household Size
36
Median Age
65%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
6,891
Density / Sq Mi
$90,521
Median Household Income
$61,407
Median Earnings
$1,647
Median Rent
$789,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer hardwood flooring, fireplaces, mini-split systems, and off-street parking in East Sacramento.
Where is this duplex located?
The property is located at 910 35th Street Sacramento, CA.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Two‑unit duplex with matching layouts; Each unit offers 2 bedrooms, 1.25 bathrooms, and approximately 1,134 square feet; 1922 construction with hardwood floors and fireplaces
