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  • Price cut: $80K (7/21)
    $1,015,000

    2612 Connie Dr, Sacramento, CA 95815

    9beds
    4,326sqft
    : 
    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
    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.
    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.
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    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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