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
$260Price/Sq.Ft.
2 car garageParking
Listed by Kelly Rivett•DRE #01249433• Cornish & Carey Commercial
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%)
$78,374 + $148,918
$227,292
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
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 Sep 9, 2026.
RD-10
Residential 10 District
Low Density Single-Family Residential Zoning District, with a maximum density of 10 dwelling units per net acre.