Remodeled Fourplex with Mini-Split
For Sale
$930,000
Pending
916 Dornajo Way, Sacramento, CA 95825
Four two-bedroom units offer individually controlled heating and air conditioning.
Property Size3,512 SF
Days on Market74
Property Features for 916 Dornajo Way
General Information
Standard status
Pending
Size
3,512 SF
Property subtype
Multi Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,771
Building Details
Year Built
1963
Listing Agency:
Akimax Lending
(408) 807-7235
Listed By:
Tan Nguyen · License #01843858
(408) 807-7235
Source:
Exitrealty
Added: Jun 19
Changed: Aug 30
Last Checked: Aug 30 at 4:27PM
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 Akimax Lending
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 3,512 square feet and was built in 1963. Each residence offers two bedrooms and one bathroom, with remodeling completed to add updated finishes. Individual mini-split systems provide heating and air conditioning within every unit, supporting separate climate control across the building.
Located at 916 Dornajo Way in Sacramento, the property is identified as being in Northrup Estates. All four tenants are reported to be paying on time, and current rents are described as near market levels. The building’s four-unit layout and unit-specific HVAC equipment provide a straightforward configuration for multifamily ownership.
Located at 916 Dornajo Way in Sacramento, the property is identified as being in Northrup Estates. All four tenants are reported to be paying on time, and current rents are described as near market levels. The building’s four-unit layout and unit-specific HVAC equipment provide a straightforward configuration for multifamily ownership.
Key Highlights
- Fourplex with four 2‑bedroom, 1‑bath units
- 3,512‑square‑foot multifamily property built in 1963
- Each unit includes its own mini‑split heating and A/C system
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
$59,938
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
6.44%
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%
$1,198,760
$1.2M
Cap Rate 7%
$856,257
$856.3K
Cap Rate 9%
$665,978
$666.0K
Market Conditions
NOI Build-Up for 3,512 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
$90.6K $25.80/SF
− Vacancy
−$5.0K −$1.42/SF
EGI
$85.6K $24.38/SF
− OpEx
−$25.7K −$7.31/SF
NOI
$59.9K $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%
$1,198,760
Cap Rate 7%
$856,257
Cap Rate 9%
$665,978
Alternative Uses
Best Use
Multifamily LT 5
$856.3K
$749.2K – $999.0K
NOI $59,938 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$788.1K
$689.6K – $919.4K
NOI $55,166 @ 7.0% cap · market cap 5.93%
Theoretical Best
Specialty Retail
$943.7K
$825.8K – $1.10M
NOI $66,061 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,424
Businesses Nearby
Explore this area
Business Placement
Demographics for 95825, CA
36,081
Population
16,803
Households
2.1
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
4.7 sq mi
ZIP Area
7,677
Density / Sq Mi
$64,264
Median Household Income
$35,994
Median Earnings
$1,582
Median Rent
$433,500
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?
Quadplex - Four two-bedroom units offer individually controlled heating and air conditioning.
Where is this quadplex located?
The property is located at 916 Dornajo Way Sacramento, CA.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Fourplex with four 2‑bedroom, 1‑bath units; 3,512‑square‑foot multifamily property built in 1963; Each unit includes its own mini‑split heating and A/C system
