Seller's Agent in 2025
Megan Kelley
Realty ONE Group Complete
(916) 761-1481
1 in this area
15 Total Sales
2612 Connie Dr Sacramento, CA 95815
Swanston Estates Neighborhood
9
Beds
4
Baths
4,326
Sq Ft
10,454
Sq Ft
Highlights
- No HOA
- Central Heating and Cooling System
- Carpet
- Balcony
- Coin Laundry
About This Home
As of October 2025Prime 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.
Last Agent to Sell the Property
Realty ONE Group Complete License #02019200 Listed on: 03/19/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,625
Year Built
- Built in 1953
Home Design
- Flat Roof Shape
- Raised Foundation
- Tar and Gravel Roof
- Composition Roof
- Stucco
Interior Spaces
- 4,326 Sq Ft Home
- 2-Story Property
- Leased Washer and Dryer
Flooring
- Carpet
- Linoleum
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 7 Parking Spaces
- Uncovered Parking
Utilities
- Central Heating and Cooling System
- Window Unit Cooling System
- Property is located within a water district
Additional Features
- Balcony
- 10,454 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 266-0332-007-0000
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 8 Units
Amenities
- Coin Laundry
Building Details
- 8 Leased Units
- 8 Units Leased Month-To-Month
- Insurance Expense $8,709
- Maintenance Expense $6,000
- Professional Management Expense $8,253
- Operating Expense $46,186
- Net Operating Income $71,714
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/10/2025 10/10/25 | Sold | $995,000 | -2.0% | $230 / Sq Ft |
| 08/19/2025 08/19/25 | Pending | -- | -- | -- |
| 07/21/2025 07/21/25 | Price Changed | $1,015,000 | -7.3% | $235 / Sq Ft |
| 05/21/2025 05/21/25 | For Sale | $1,095,000 | 0.0% | $253 / Sq Ft |
| 05/08/2025 05/08/25 | Pending | -- | -- | -- |
| 03/19/2025 03/19/25 | For Sale | $1,095,000 | -- | $253 / Sq Ft |
Source: MetroList
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,624 | $219,720 | $34,158 | $185,562 |
| 2024 | $3,624 | $215,413 | $33,489 | $181,924 |
| 2023 | $3,610 | $211,190 | $32,833 | $178,357 |
| 2022 | $3,432 | $207,050 | $32,190 | $174,860 |
| 2021 | $3,396 | $202,991 | $31,559 | $171,432 |
| 2020 | $3,346 | $200,911 | $31,236 | $169,675 |
| 2019 | $3,298 | $196,973 | $30,624 | $166,349 |
| 2018 | $3,135 | $193,112 | $30,024 | $163,088 |
| 2017 | $3,186 | $189,327 | $29,436 | $159,891 |
| 2016 | $3,083 | $185,615 | $28,859 | $156,756 |
| 2015 | $2,923 | $182,828 | $28,426 | $154,402 |
| 2014 | $2,961 | $179,248 | $27,870 | $151,378 |
Source: Public Records
Agents Affiliated with this Home
-
Megan Kelley
-
Sidney Bazett
Seller Co-Listing Agent in 2025
Sidney Bazett
Realty ONE Group Complete
(530) 306-8791
1 in this area
5 Total Sales
-
Mike Sarwari
M
Buyer's Agent in 2025
Mike Sarwari
Real Estate Source Inc
(925) 200-2325
1 in this area
4 Total Sales
Map
Source: MetroList
MLS Number: 225025366
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