$590,000
About this home
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.
Facts & features
- Bathrooms
- 0
- Living area
- 2,118 sq ft
- Appliances
- Dishwasher, Electric Cooktop
- Flooring
- Carpet
- Heating
- Central
- Cooling
- Central Air
- Lot size
- 0.15 acres (6,534 sq ft)
- Year built
- 1977
- Parking
- Off Street
- Area
- 699 - Not Defined
- County
- Sacramento
- Status
- Active
- Property type
- Duplex
- Days on market
- 98
- Listed
- 2026-04-02
- Original price
- $615,000
- Parcel #
- 23602520130000
- MLS #
- ML82041354
