Two-Home Duplex
For Sale
$598,220
Pending
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
Days on Market59
Property Features for 9323 Central Avenue
General Information
Standard status
Pending
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:
Holly Bennett, Sotheby's International Realty
Listed By:
The Jamison Team
(408) 465-4899
Source:
Tuscanaproperties
Added: Sep 2
Changed: Oct 28
Last Checked: Oct 30 at 2:38PM
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 Holly Bennett, Sotheby's International Realty
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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 / Yr
$23,054
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
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
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 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 3.85%
Second Best
Apartment 5plus
$302.4K
$264.6K – $352.8K
NOI $21,170 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$422.5K
$369.7K – $492.9K
NOI $29,576 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
643
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Market
Vacancy Rate% for Multifamily in West region
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 $598,220.
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
