5940 Rye Way

Carmichael, CA 95608

$615,000
Price
—
Beds
—
Baths
2,118 Sq. Ft.
$290 / Sq. Ft.
2,118
Sq. Ft.
$290
per Sq. Ft.
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Description

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,...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.
  1. Listed by Kelly Rivett • DRE #01249433 • Brokerage DRE #00586119 • Cornish & Carey Commercial • 916-569-2385

Property Details for 5940 Rye Way

MLS City Name
CARMICHAEL
Building Type
DUPLEX
Garage Spaces
2
Parking Spaces
0
Cross Street
Bourbon Way
LISTING UPDATED: 04/02/2026 02:58 PM

Property Details for 5940 Rye Way

StatusActive
MLS #ML82041354
Days on Compass5
Taxes$2,711 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / DUPLEX
Year Built1977
Lot Size0.15 AC / 6,534 SF
CountySacramento County
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Location

Listing Courtesy of Cornish & Carey Commercial, Kelly Rivett, DRE #01249433
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Building Information for 5940 Rye Way

Stories1Residences2Year Built1977Building Size-Lot Size0.15 AC / 6,534 SF

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$3,323 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,097

Property Taxes

$226

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5940 Rye Way

Features
Room Information
  • Kitchen: Cooktop - Electric, Countertop - Formica, Dishwasher
Features
  • Amenities: Vaulted Ceiling
  • Fireplace: No
  • Flooring: Carpet, Vinyl / Linoleum
  • Laundry: Hookups Only
  • Living SqFt: 2118
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Central AC
  • Heating: Central Forced Air
  • Meters: Separate Electric
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage, Off-Street Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Carmichael
  • Roof: Composition
  • Subclass: Duplex
  • Year Built Source: Assessor
  • Street Number: 5940
  • Street Name: Rye
  • Street Suffix: Way
  • Area ID: 10608
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 1
  • Structure SqFt: 2118
  • Structure SqFt Source: Assessor
  • Age: 49
Development Information
  • Construction Type: Wood, Wood Frame
  • Ownership Type: Trust
  • Zoning Detail: RD-10
Location Information
  • City Limits: No
  • Directions: From Manzanita Avenue, go east on Bourbon Way, then a right on Rye Way until you arrive at 5940.
  • Incorporated: Yes
  • Parcel Number: 236-0252-013-0000
  • County Name: Sacramento
  • City Name: CARMICHAEL
  • City Postal ID: 336
  • Postal Code: 95608
  • Elementary School District: 1873
  • High School District Text: San Juan Unified
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 2
General Information
  • Annual Tax Amount: $2,711
  • Building Unit Total: 2
  • Capitalization Rate: 6.29
  • Tenant Expenses: Rent Only
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $0
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $2,711
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Capital Improvements, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 14.86
  • Income Annual Gross: $41,400
  • Income Annual Rental: $41,400
  • Income Gross Scheduled: $41,400
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,850
Unit 2 Information
  • Unit 2 Approx Square Footage: 984
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $1,600
Unit Type 1
  • Unit Type1 Approx SqFt: 1134

Property History for 5940 Rye Way

DateEvent & SourcePriceAppreciation
Apr 2, 2026

Listed (Active)

EBRD #ML82041354

$615,000—
Apr 2, 2026

Listed (Active)

MLSListings #ML82041354

$615,000—
May 1, 2000

Sold (Public Record)

Public Record #18438414

$145,000—
May 1, 2000

Sold

METROLIST #152001791

$145,000—
May 1, 2000

Sold

RESFAR #152001791

$145,000—
Mar 12, 2000

Pending

METROLIST #152001791

—
Mar 12, 2000

Pending

RESFAR #152001791

—
DateEvent & SourcePrice
04/02/2026

Listed (Active)

EBRD #ML82041354

$615,000
04/02/2026

Listed (Active)

MLSListings #ML82041354

$615,000
05/01/2000

Sold (Public Record)

Public Record #18438414

$145,000
05/01/2000

Sold

METROLIST #152001791

$145,000
05/01/2000

Sold

RESFAR #152001791

$145,000
03/12/2000

Pending

METROLIST #152001791

—
03/12/2000

Pending

RESFAR #152001791

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5940 Rye Way

Taxable ValueLand$76,838Additions$145,999Total$222,837
Tax Record2025$2,711 ($226 / month)
Home Facts
Baths4Total Finished SqFt2,118 SqFtAbove Grade Finished SqFt2,118 SqFtStories1Lot Size6,534 SqFtStyleDuplexYear Built1977ZoningRD-10CountySACRAMENTOAPN236-0252-013-0000Fireplace TypeHas Fireplace

Schools near 5940 Rye Way

This home is within San Juan Unified School District.
Rating
School
Type
Grades
Distance
Thomas Kelly Elementary School
Public - K to 5
John Barrett Middle School
Public - 6 to 8
Del Campo High School
Public - 9 to 12
Options for Youth-San Juan School
Charter - 7 to 12
Rating
School
Distance
Thomas Kelly Elementary School
PublicK to 5

John Barrett Middle School
Public6 to 8

Del Campo High School
Public9 to 12

Options for Youth-San Juan School
Charter7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5940 Rye Way, Carmichael, CA 95608

5940 Rye Way is a multi-family home for sale in Carmichael, CA 95608. This property was listed for sale on April 2, 2026 by Cornish & Carey Commercial, it's currently listed at $615,000. It has been on the market for a total of 5 days and was last sold on May 1, 2000. This listing's school district is San Juan Unified School District. Nearby schools include Thomas Kelly Elementary School, John Barrett Middle School and Del Campo High School. 5940 Rye Way is a 0-bed, 0-bath, 2,118 sqft multi-family home built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cornish & Carey Commercial, Kelly Rivett, DRE #01249433

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.