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.
Multi-familyProperty Type
1977Year Built
6,534 sq ftLot Size
$279Price/Sq.Ft.
2 car garageParking
Listed by Kelly Rivett•DRE #01249433• Cornish & Carey Commercial
bridgeMLS, Bay East AOR, or Contra Costa AOR #ML82041354
Aug 4, 2026
Pending
—
Aug 4, 2026
Pending
—
Jun 23, 2026
Price Changed
$590,000
$279/sq ft
Jun 23, 2026
Price Changed
$590,000
$279/sq ft
Apr 28, 2026
Price Changed
$605,000
$286/sq ft
Apr 28, 2026
Price Changed
$605,000
$286/sq ft
Apr 2, 2026
Listed
$615,000
$290/sq ft
Apr 2, 2026
Listed
$615,000
$290/sq ft
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.
Public Records
May 1, 2000
Sold
$145,000
$68/sq ft
Public Records
Apr 24, 1995
Sold
$50,000
$24/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,711 (+2.1%)
$76,838 + $145,999
$222,837
2024
$2,654 (+1.6%)
$76,838 + $145,999
$222,837
2023
$2,612 (+2.0%)
$75,332 + $143,137
$218,469
2022
$2,560 (+1.7%)
$73,855 + $140,331
$214,186
2021
$2,518 (+1.9%)
$72,407 + $137,580
$209,987
2020
$2,471 (+2.0%)
$70,988 + $134,883
$205,871
2019
$2,422 (+1.2%)
$70,261 + $133,500
$203,761
2018
$2,394 (+1.0%)
$68,884 + $130,883
$199,767
2017
$2,371 (+7.0%)
$66,210 + $125,801
$192,011
2016
$2,215 (−0.2%)
$66,210 + $125,801
$192,011
2015
$2,220 (+2.1%)
$64,912 + $123,335
$188,247
2014
$2,175 (+0.8%)
$62,685 + $119,104
$181,789
2013
$2,157 (+13.1%)
$62,685 + $119,104
$181,789
2012
$1,907 (−2.6%)
$62,402 + $118,566
$180,968
2011
$1,957 (+2.9%)
$58,120 + $110,429
$168,549
2010
$1,902 (+0.6%)
$59,980 + $113,963
$173,943
2009
$1,891 (+2.1%)
$59,532 + $113,112
$172,644
2008
$1,852
$59,674 + $113,381
$173,055
Public record
Public record
Zoning
Beds
4
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
6,534 Sq. Ft.
Year renovated
1977
Finished Sq. Ft.
2,118
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,118
Year built
1977
Style
Multi-Family (2-4 Unit)
County
Sacramento County
APN
23602520130000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 11, 2026.
RD-10
Residential 10 District
Low Density Single-Family Residential Zoning District, with a maximum density of 10 dwelling units per net acre.
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Public service
Educational/school
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 102° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
34 unhealthy days expected this year, 36 days in 30 years
Provided by First Street
Historical weather
Carmichael, CA • 95608
Average low and high temperatures (°F)
59
40
63
44
72
47
73
49
84
55
91
58
92
59
95
62
90
61
79
54
62
45
55
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
78/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5940 Rye Way
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $475,000 and $680,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $475K to $680K.