Price Reduced
Images
Request Info$590,000
Active
5940 Rye Way Overview
- Time on Site:
- 88 days
- Visits:
- 0
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.
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5940 Rye Way Facts & Features
- Type Multi-Family
- Sq. ft. 2,118
- Price/Sq.ft. $279
- Lot 0.15 Acres
Details
General
Association/HOA
- Association: No
School Information
- School District: Other
Income/Expenses
- Gross Scheduled Income: 41400.0
Building Information
- Year Built: 1977
Location/Region
- County Or Parish: Sacramento
- MLS Area Major: 699 - Not Defined
- Postal City: CARMICHAEL
Tax Information
- Tax Annual Amount: 2711.0
General Information
- Parcel Number: 23602520130000
- Property Sub Type: Duplex
- Property Type: Residential Income
- Special Listing Conditions: Standard
- Zoning: RD-10
Interior
Parking Information
- Garage Spaces: 2.0
- Garage: Yes
Beds/Baths
- Bathrooms Total: 0
Building Interior
- Building Area Total: 2118.0
General Information
- Accessibility Features: None
- Appliances: Dishwasher,Electric Cooktop
- Flooring: Carpet
- Foundation Details: Slab
- Living Area: 2118.0
- Living Area Source: Assessor
- Stories Total: 1
Exterior
Parking Information
- Parking Features: Off Street
Lot Information
- Lot Size Acres: 0.15
- Lot Size Area: 6534.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 6534.0
- Lot Size Units: Square Feet
- Number Of Buildings: 1
- Water Source: Public
Waterfront/View
- View: No
Building Exterior/Construction
- Roof: Composition
General Information
- Sewer: Public Sewer
5940 Rye Way Neighborhood
Community
95608 (CARMICHAEL) Demographics
43
Median Age
4,691
Population Density (per sq. mile)
45%
College Educated
$67,766
Estimated Median Income
13,379
Estimated Total Home Owners
12,202
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.5940 Rye Way Monthly Cost
5940 Rye Way Market Data
Based on the last 30 days in this zip code
$771,906
Average List Price
$365
Average Price per Square Foot
0
Properties Sold
55
Average Days on Market
200
Properties for Sale
5940 Rye Way History
| Date | Value | Agent |
|---|---|---|
| 6/23/2026Source: CRMLS | $590,000 -2.5% |
|
| 4/28/2026Source: CRMLS | $605,000 -1.6% |
|
| 4/2/2026Source: CRMLS | April 02, 2026 |
Listing provided courtesy of Cornish & Carey CommercialKelly Rivett- MLS# ML82041354
Contact Information: [email protected] - 4087279600
Contact Information: [email protected] - 4087279600