Two-Home Duplex
New
For Sale
$624,800
9323 Central Avenue, Orangevale, CA 92622
Separate living areas include a newer ADU with individual meters, private patio, and dedicated parking.
Property Size1,586 SF
Price / SF$393.95
Days on Market2
Property Features for 9323 Central Avenue
General Information
Standard status
Active
Size
1,586 SF
Property subtype
Land
Additional Details
Multifamily Units
2
Amenities
fireplace
passive solar
garden shed
private patio
Building Details
Year Built
1960
Buildings
2
Listing Agency:
Matthew Inlow, Re/Max Marketplace
Listed By:
The Jamison Team · License #1999023818
(408) 465-4899
Source:
Tuscanaproperties
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 2:41AM
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 Matthew Inlow, Re/Max Marketplace
Investment Insights
Based on property information with market context.
This duplex property places two separate residences on one lot. The main home includes 3 bedrooms, 2 full baths, a family room, a fireplace with insert, and a country-style kitchen with eat-in counter space. It also offers a large backyard, garden shed, front yard, open parking area, and a two-car garage with an existing sewing room that can be removed.
The detached ADU was built 2 years ago and is currently vacant. Its design includes vaulted ceilings, passive solar, separate meters, a living room with sliding glass door, private enclosed patio, bedroom with vaulted ceiling, kitchen appliances, and two Bryant wall heating/air units serving the living room and bedroom. The ADU also has separate parking. Main-house home, pest, and roof inspections have been completed.
The detached ADU was built 2 years ago and is currently vacant. Its design includes vaulted ceilings, passive solar, separate meters, a living room with sliding glass door, private enclosed patio, bedroom with vaulted ceiling, kitchen appliances, and two Bryant wall heating/air units serving the living room and bedroom. The ADU also has separate parking. Main-house home, pest, and roof inspections have been completed.
Key Highlights
- Two separate homes situated on one lot
- Main home with 3 bedrooms and 2 full baths
- Detached ADU built 2 years ago
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
$23,054
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
3.69%
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%
$461,080
$461.1K
Cap Rate 7%
$329,343
$329.3K
Cap Rate 9%
$256,156
$256.2K
Market Conditions
NOI Build-Up for 1,586 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
$35.2K $22.20/SF
− Vacancy
−$2.3K −$1.43/SF
EGI
$32.9K $20.77/SF
− OpEx
−$9.9K −$6.23/SF
NOI
$23.1K $14.54/SF
Area
Sacramento County, CA
Vacancy
6.46%
Lease Rate
$22.20 /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%
$461,080
Cap Rate 7%
$329,343
Cap Rate 9%
$256,156
Alternative Uses
Best Use
Multifamily LT 5
$329.3K
$288.2K – $384.2K
NOI $23,054 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$302.4K
$264.6K – $352.8K
NOI $21,170 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$422.5K
$369.7K – $492.9K
NOI $29,576 @ 7.0% cap · market cap 4.73%
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
643
Businesses Nearby
Explore this area
Business Placement
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 - Separate living areas include a newer ADU with individual meters, private patio, and dedicated parking.
Where is this duplex located?
The property is located at 9323 Central Avenue Orangevale, CA.
What is the asking price?
The asking price for this property is $624,800.
What are key features of this property?
This property features: Two separate homes situated on one lot; Main home with 3 bedrooms and 2 full baths; Detached ADU built 2 years ago
