Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire 5940-5942 Rye Way, a well-maintained duplex in the heart of Carmichael. Priced just reduced to $590,000, this 1977-built property features a 1,134 SF 2-bedroom/2-bathroom unit and a 984 SF 2-bedroom/1-bathroom unit.
The asset is 100% occupied by long-term tenants on month-to-month leases, offering immediate stability with significant rental upside. The property is in turnkey condition following a series of recent capital improvements, including full kitchen and bathroom remodels in 2019, HVAC updates in 2014 and 2023, and a full exterior paint refresh in 2014. These upgrades minimize near-term maintenance costs for a new owner.
Located near the Crestview Village Shopping Center and the I-80 corridor, this duplex is a rare, low-maintenance investment in a high-demand rental pocket. Notably, this property can be purchased individually or as part of a three-duplex portfolio, as the seller is also offering 5904-5906 Bourbon Way and 5908-5910 Bourbon Way located just around the corner.
Sold for $550,000
Zillow last checked:
Listing updated:
Bought with:
Stephan Skots, 01471812
USKO Realty
Source: MLSListings Inc,MLS#: ML82041354
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Sold | $550,000-6.8%$260/sqft |
Source:  MLSListings Inc #ML82041354 Report a problem | ||
| 8/4/2026 | Pending sale | $590,000$279/sqft |
Source: MLSListings Inc #ML82041354 Report a problem | ||
| 6/23/2026 | Price change | $590,000-2.5%$279/sqft |
Source: MLSListings Inc #ML82041354 Report a problem | ||
| 4/28/2026 | Price change | $605,000-1.6%$286/sqft |
Source: MLSListings Inc #ML82041354 Report a problem | ||
| 4/2/2026 | Listed for sale | $615,000+324.1%$290/sqft |
Source: MLSListings Inc #ML82041354 Report a problem | ||
| 12/21/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/29/2023 | Listed for rent | $1,800+26.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/26/2019 | Listing removed | $1,425$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 10/19/2019 | Listed for rent | $1,425$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 5/1/2000 | Sold | $145,000$68/sqft |
Source: Public Record Report a problem | ||
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Estimated market value
$575,000
