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For sale
    • Price cut: $15K (6/23)
    $590,000

    5940 Rye Way, Carmichael, CA 95608

    4beds
    3baths
    2,118sqft
    : 
    $3,915/mo
    Get pre-qualified
    Duplex, Residential Income
    Built in 1977
    -- sqft lot
    $-- Zestimate®
    $279/sqft
    $-- HOA

    What's special

    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.
    116 days
    |
    303
    |
    16
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Kelly Rivett 01249433 916-569-2385,

    Cornish & Carey Commercial 408-727-9600

    Source: MLSListings Inc,MLS#: ML82041354MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      Kitchen
      • Features: Countertop_Formica
      Heating
      • Central Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: Electric Cooktop, Dishwasher
      • Laundry: Hookups Only
      Features
      • Vaulted Ceiling(s)
      • Flooring: Carpet, Vinyl Linoleum
      • Doors: None
      Interior area
      • Total structure area: 2,118
      • Total interior livable area: 2,118 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached, Off Street
      • Garage spaces: 2
      • Has carport: Yes
      Accessibility
      • Accessibility features: None
      Features
      • Stories: 1
      Lot
      • Size: 6,534 Square Feet
      Details
      • Parcel number: 23602520130000
      • Zoning: RD-10
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex, Residential Income
      Materials
      • Foundation: Slab
      • Roof: Composition
      Condition
      • Year built: 1977

      Utilities & green energy

      • Gas: PublicUtilities
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Public Utilities, Water Public

      Community & HOA

      Location
      • Region: Carmichael

      Financial & listing details

      • Price per square foot: $279/sqft
      • Tax assessed value: $222,837
      • Annual tax amount: $2,711
      • Date on market: 4/2/2026
      • Listing agreement: ExclusiveAgency
      • Inclusions: Building, DishwasherAllUnits, Land, OvenRangeAllUnits
      • Lease term: Month To Month

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/23/2026Price change$590,000-2.5%$279/sqft
        Source: MLSListings Inc #ML82041354 Report a problem
        4/28/2026Price change$605,000-1.6%$286/sqft
        Source: MLSListings Inc #ML82041354 Report a problem
        4/2/2026Listed for sale$615,000+324.1%$290/sqft
        Source: MLSListings Inc #ML82041354 Report a problem
        12/21/2023Listing removed--
        Source: Zillow Rentals Report a problem
        11/29/2023Listed for rent$1,800+26.3%$1/sqft
        Source: Zillow Rentals Report a problem
        10/26/2019Listing removed$1,425$1/sqft
        Source: Zillow Rental Manager Report a problem
        10/19/2019Listed for rent$1,425$1/sqft
        Source: Zillow Rental Manager Report a problem
        5/1/2000Sold$145,000$68/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,711 +2.1%$222,837 +2%
        2024$2,654 +1.6%$218,469 +2%
        2023$2,612 +2%$214,186 +2%
        2022$2,560 +1.7%$209,987 +2%
        2021$2,518 +1.9%$205,871 +1%
        2020$2,471 +2%$203,761 +2%
        2019$2,422 +1.2%$199,767 +2%
        2018$2,394 +1%$195,851 +2%
        2017$2,371 +7%$192,011 +2%
        2016$2,215 +1.8%$188,247 +1.5%
        2015$2,176 $185,420 +2%
        2014$2,176 $181,789 +0.5%
        2013-- $180,968 +7.4%
        2012-- $168,549 -3.1%
        2011-- $173,943 +0.8%
        2010-- $172,644 +1.8%
        2008-- $169,662 +2%
        2007-- $166,336 +2%
        2006-- $163,076 +2%
        2005-- $159,880 +2%
        2004-- $156,746 +1.9%
        2003-- $153,874 +2%
        2002-- $150,858 +2%
        2001-- $147,900 +14.6%
        2000-- $129,095
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 95608

        Getting around

        55 / 100
        Somewhat Walkable
        58 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: SanJuanUnified

        Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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