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 at $605,000, 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.
For sale
Price cut: $10K (4/28)
$605,000
5940 Rye Way, Carmichael, CA 95608
4beds
3baths
2,118sqft
Duplex, Residential Income
Built in 1977
-- sqft lot
$-- Zestimate®
$286/sqft
$-- HOA
What's special
- 68 days |
- 215 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Kelly Rivett 01249433 916-569-2385,
Cornish & Carey Commercial 408-727-9600
Source: MLSListings Inc,MLS#: ML82041354
Tour with a local agent
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: $286/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
| Date | Event | Price |
|---|---|---|
| 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 | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $129,095 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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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
Nearby schools
GreatSchools rating
- 2/10Thomas Kelly Elementary SchoolGrades: K-5Distance: 0.4 mi
- 5/10John Barrett Middle SchoolGrades: 6-8Distance: 0.9 mi
- 5/10Del Campo High SchoolGrades: 9-12Distance: 0.8 mi
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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- California
- Sacramento County
- Carmichael
- 95608
- 5940 Rye Way
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