Prime 8-Unit Multifamily Investment Opportunity - Now priced at $1,015,000 with an estimated cap rate of 6.4%-7.1%, depending on buyer's ownership costs. Current expenses remain low due to legacy ownership, creating room for buyers to optimize returns with modern management. Located near I-80 on a 0.24-acre lot, this 4,326 SF property features two buildings: a front structure with a 3-bed/1-bath unit and a studio, plus a rear two-story building with six 1-bed/1-bath units (three up, three down). Unit 2 is now vacant and receiving updates, offering immediate rental upside. Gross scheduled income is $9,825/month with below-market rents throughout. Amenities include onsite parking, storage sheds, and a small laundry room. Recent improvements include a new water heater installed in May 2025 on the front house and balcony WDO clearance completed in June 2025. In-place cash flow with clear value-add potential in a convenient Sacramento location.
Active
Price cut: $80K (7/21)
$1,015,000
2612 Connie Dr, Sacramento, CA 95815
9beds
4,326sqft
Est.:
5 or More Units
Built in 1953
-- sqft lot
$995,500 Zestimate®
$235/sqft
$-- HOA
What's special
Separate studio apartmentTwo-story structureOnsite parkingStorage shedsExterior access
- 142 days
- on Zillow |
- 166 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: July 22, 2025 at 09:07am
Listed by:
DRE #02019200 916-761-1481,
Realty ONE Group Complete,
Sidney Bazett DRE #02024834 530-306-8791,
Realty ONE Group Complete
Source: MetroList Services of CA,MLS#: 225025366Originating MLS: MetroList Services, Inc.
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central
Cooling
- Central Air, Window Unit(s)
Features
- Flooring: Carpet, Linoleum
- Has fireplace: No
Interior area
- Total interior livable area: 4,326 sqft
Property
Parking
- Total spaces: 7
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 10,454.4 Square Feet
Details
- Zoning description: R-1
- Special conditions: Offer As Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5 or More Units
Materials
- Stucco
- Roof: Composition,Tar/Gravel,Flat
Condition
- Year built: 1953
Community & HOA
Location
- Region: Sacramento
Financial & listing details
- Price per square foot: $235/sqft
- Price range: $1M - $1M
- Date on market: 3/21/2025
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