Property Details
About this Property
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.
MLS Listing Information
MLS #
ME225025366
MLS Source
MetroList Services, Inc.
Interior Features
Flooring
Carpet, Linoleum
Laundry
Coin Operated
Cooling
Central Forced Air, Window/Wall Unit
Heating
Central Forced Air
Exterior Features
Roof
Composition, Flat, Rolled/Hot Mop, Tar/Gravel
Foundation
Raised
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
HOA Fee
$0
Zoning
R-1
Contact Information
Listing Agent
Megan Kelley
Realty ONE Group Complete
License #: 02019200
Phone: (916) 761-1481
Co-Listing Agent
Sidney Bazett
License #: 02024834
Phone: (530) 306-8791
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 8 | 8 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 0 | 1 | 1/0 | $1,300 | – | – |
| 2 | 0 | 1 | 1/0 | – | – | – |
| 3 | 0 | 1 | 1/0 | $925 | – | – |
| 4 | 0 | 1 | 1/0 | $1,300 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
2612 Connie Dr is a Residential Income in Sacramento, CA 95815. This 4,326 square foot property sits on a 10,454 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $995,000 and was built in –. This address can also be written as 2612 Connie Dr, Sacramento, CA 95815.
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This listing information is up-to-date as of October 15, 2025. For the most current information, please contact Megan Kelley, (916) 761-1481
