For Sale4d on market
5940 Rye Way
Carmichael, CA, 95608 • 95608 • Sacramento County
$615,000
$290/sqft
Down payment assistance available
4Beds
3Baths
2,118Sqft
0.15 acLot
1977Built
Property DNA
2-Car Garage
Attached · Off Street
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Listed 4 days ago · 213 views · 11 saves
Market activity
Demand and pricing signals for this listing
213 views
People checking out this listing
11 saves
Buyers have saved this home
4 days on market
Just listed — act fast
$290/sqft
Price per square foot
About this home
Multi Family · Built 1977
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 at $615,000, 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.
Estimated monthly payment
Based on current rates
$3,924/month
Principal & Interest$3,104
Property Tax$615
Insurance$205
Down payment20% ($123,000)
3%50%
Est. 6.48% rate · 30yr fixed · $492,000 loan
Full calculator →At a glance
Key facts and listing details
TypeDuplex, Residential Income
Year Built1977
HeatingCentral Forced Air
CoolingCentral Air
Parking2 Garage spaces
Days on Zillow4 Days
Price/sqft$290
Property
Home typeMulti Family
Sub-typeDuplex, Residential Income
Year built1977
Stories1
Systems
HeatingCentral Forced Air
CoolingCentral Air
RoofComposition
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingAttached, Off Street
Garage2 spaces
Lot6,534 sqft
Location & Tax
Neighborhood95608
ZoningRD-10
Annual tax$2,711
Parcel23602520130000
Features & details
10 categories of property features
Interior Features
Interior
Vaulted Ceiling(s)
Appliances
Electric Cooktop
Dishwasher
Flooring
Carpet
Vinyl Linoleum
Heating
Central Forced Air
Cooling
Central Air
Laundry
Hookups Only
Accessibility
None
Exterior Features
Parking
Attached
Off Street
Utilities
Public Utilities
Water Public
Gas
PublicUtilities
Room details
1 room detailed
Kitchen
Countertop_Formica
Listing insights
Market data and value estimates
StatusFor Sale
Days on market4
Tax rate1.16%
Price/sqft$290
On marketApr 2, 2026
PostedApr 2, 2026
Last sold$145,000
MLS updatedApr 2, 2026
Tour days9
Views213
Favorites11
How are the schools in Carmichael?
3 schools rated nearby
Location
Carmichael, CA, 95608
Price history
6 events
DateEventPrice$/sqftSource
Apr 2, 2026Listed For Sale$615,000$290MLSListings Inc
Dec 21, 2023Listing Removed——Zillow Rentals
Nov 29, 2023Listed For Rent$1,800$1Zillow Rentals
Oct 26, 2019Listing Removed$1,425$1Zillow Rental Manager
Oct 19, 2019Listed For Rent$1,425$1Zillow Rental Manager
May 1, 2000Sold$145,000$68Public Record
Listed For Sale$615,000
Apr 2, 2026•$290/sqft•MLSListings Inc
Listing Removed—
Dec 21, 2023•Zillow Rentals
Listed For Rent$1,800
Nov 29, 2023•$1/sqft•Zillow Rentals
Listing Removed$1,425
Oct 26, 2019•$1/sqft•Zillow Rental Manager
Listed For Rent$1,425
Oct 19, 2019•$1/sqft•Zillow Rental Manager
Sold$145,000
May 1, 2000•$68/sqft•Public Record
Tax history
25 years of records
YearTax paidAssessed value
Apr 7, 2025$2,711$222,837
Apr 7, 2024$2,654$218,469
Apr 7, 2023$2,612$214,186
Apr 7, 2022$2,560$209,987
Apr 7, 2021$2,518$205,871
Apr 7, 2020$2,471$203,761
Apr 7, 2019$2,422$199,767
Apr 7, 2018$2,394$195,851
Apr 7, 2017$2,371$192,011
Apr 7, 2016$2,215$188,247
Apr 7, 2015$2,176$185,420
Apr 7, 2014$2,176$181,789
Apr 7, 2013—$180,968
Apr 7, 2012—$168,549
Apr 7, 2011—$173,943
Apr 7, 2010—$172,644
Apr 7, 2008—$169,662
Apr 7, 2007—$166,336
Apr 7, 2006—$163,076
Apr 7, 2005—$159,880
Apr 7, 2004—$156,746
Apr 7, 2003—$153,874
Apr 7, 2002—$150,858
Apr 7, 2001—$147,900
Apr 7, 2000—$129,095
Nearby homes
Neighborhood details
Local context around this listing
Carmichael, CA • Sacramento County
Nearby cities
AntelopeAntiochCarmichaelCitrus HeightsElk GroveFair OaksFolsomGalt
Nearby zip codes
956089560995841
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Based on information from the MLSListings MLS as of 2026-04-07 10:44:18 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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