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 Lot
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
Lot Details
- 10,454
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 19, 2025
Closed on
Oct 8, 2025
Sold by
Bought by
Seller's Agent
Megan Kelley
Realty ONE Group Complete
Buyer's Agent
Mike Sarwari
Real Estate Source Inc
List Price
$1,095,000
Sold Price
$995,000
Premium/Discount to List
-$100,000
-9.13%
Views
29
Purchase Details
Closed on
Jul 13, 2022
Sold by
Bought by
Purchase Details
Closed on
Mar 15, 2000
Sold by
Bought by
Purchase Details
Closed on
Feb 10, 2000
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $995,000 | Wfg National Title Insurance C | ||
| -- | None Listed On Document | ||
| $110,000 | North American Title Guarant | ||
| $90,000 | Stewart Title |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,783 | $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
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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