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5 Beds
3 Baths
3,250 sqft

$800,000

3201 Rio Linda Boulevard, Sacramento CA, 95815

Price per sqft$246.15
Built in1962
Property size3,250 sqft
Property typeMulti-family

Overview

Active

Listed May 5, 2026

Updated 40h ago

Mixed-Use Investment Opportunity with Multiple Income Streams! Unique mixed-use property offering a combination of residential units and a freestanding church space on a .79-acre Mixed-zoned parcel, creating strong income potential with room to improve and add value. The property includes a church building of approximately 1,800 sq ft, featuring a kitchen area, two offices, storage room, and two bathrooms, currently leased month-to-month at $1,100/month. This flexible space opens the door for continued use as a place of worship or potential repurposing (buyer to verify). In addition, the property includes multiple residential units: a main house with 3 bedrooms and 1 bathroom (owner-occupied, with market rent upside); a detached 2-bedroom, 1-bath unit currently rented at $1,300/month; a separate 1-bedroom, 1-bath unit (prior rent $650/month); and a triplex consisting of one studio unit rented at $750/month, one 2-bedroom/1-bath unit rented at $950/month, and one 1-bedroom/1-bath unit (prior rent $850/month, currently being prepared for re-lease). Current actual rental income is approximately $4,100/month, with stabilized pro-forma income potential significantly higher once all units are at market rent. Most tenancies are month-to-month, offering flexibility for repositioning. Additional features include eight off-street parking spaces and a shared utility area with water heaters and a designated laundry space offering future income potential. Owner currently pays approximately $1,000/month for city water and garbage. This is a true value-add opportunity with several units producing income and others offering upside through lease stabilization, unit turns, and improved management. Ideal for investors looking to expand their portfolio with a property that has diverse income streams and long-term potential. Convenient Sacramento location with easy access to major roadways, services, and amenities. Buyer to verify all unit counts, square footage, zoning, rents, and condition. Bring your vision this is an opportunity you don't see every day.

$5,322/mo

Est. mortgage payment based on a $800,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
226055898

Interior Features

Bedrooms
5
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.8 Acres
MLS provider logo

Courtesy of eXp Realty of California Inc, Marguerite Crespillo,
Listing Contact:  

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