5940 Rye Way Carmichael, CA 95608
Estimated payment $3,408/month
Highlights
- Vaulted Ceiling
- Forced Air Heating and Cooling System
- 1-Story Property
- 2 Car Attached Garage
- Carpet
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.
Property Details
Home Type
- Multi-Family
Year Built
- 1977
Parking
- 2 Car Attached Garage
- Off-Street Parking
Home Design
- Duplex
- Slab Foundation
- Wood Frame Construction
- Composition Roof
Interior Spaces
- 2,118 Sq Ft Home
- 1-Story Property
- Vaulted Ceiling
- Washer and Dryer Hookup
Kitchen
- Electric Cooktop
- Dishwasher
- Formica Countertops
Flooring
- Carpet
- Vinyl
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
Community Details
Overview
Building Details
- 2 Leased Units
- Operating Expense $2,711
- Gross Income $41,400
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,654 | $222,837 | $76,838 | $145,999 |
| 2024 | $2,654 | $218,469 | $75,332 | $143,137 |
| 2023 | $2,612 | $214,186 | $73,855 | $140,331 |
| 2022 | $2,560 | $209,987 | $72,407 | $137,580 |
| 2021 | $2,518 | $205,871 | $70,988 | $134,883 |
| 2020 | $2,471 | $203,761 | $70,261 | $133,500 |
| 2019 | $2,422 | $199,767 | $68,884 | $130,883 |
| 2018 | $2,394 | $195,851 | $67,534 | $128,317 |
| 2017 | $2,371 | $192,011 | $66,210 | $125,801 |
| 2016 | $2,215 | $188,247 | $64,912 | $123,335 |
| 2015 | $2,221 | $185,420 | $63,937 | $121,483 |
| 2014 | $2,176 | $181,789 | $62,685 | $119,104 |
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 |
|---|---|---|---|---|
| 06/23/2026 06/23/26 | Price Changed | $590,000 | -2.5% | $279 / Sq Ft |
| 04/28/2026 04/28/26 | Price Changed | $605,000 | -1.6% | $286 / Sq Ft |
| 04/02/2026 04/02/26 | For Sale | $615,000 | -- | $290 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Grant Deed | $145,000 | Chicago Title Co | |
| Interfamily Deed Transfer | -- | Chicago Title Co |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $155,000 | No Value Available | |
| Closed | $108,750 | No Value Available |
Source: MLSListings
MLS Number: ML82041354
APN: 236-0252-013
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