$575,000
- 4 Beds
- 3 Baths
- 2,118 sqft
5940 Rye Way, Carmichael, CA 95608
Est. Refi. Payment $3,578/mo*
Refinance Your HomeCurrently Off Market - Sold Aug 31, 2026 for $550,000 (7% below list price)
Home Value
Trulia Estimate
$575KSince last month
Decreased$3K (-0.6%)Since last year
Increased$113K (+24.6%)Since last sale
Increased$24K (+4.3%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +80% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $574K |
| August 2026 | $573K |
| July 2026 | $577K |
| June 2026 | $578K |
| May 2026 | $594K |
| April 2026 | $598K |
| March 2026 | $466K |
| February 2026 | $462K |
| January 2026 | $447K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.11 | Multi-Family Home | $570,000 | 08/31/26 | 4 | 3 | 2,118 | |
0.12 | Multi-Family Home | $575,000 | 08/31/26 | 4 | 3 | 2,118 | |
0.13 | Multi-Family Home | $646,000 | 03/27/26 | 4 | 3 | 2,118 | |
0.13 | Multi-Family Home | $640,000 | 11/20/25 | 4 | 3 | 2,047 | |
0.02 | Multi-Family Home | $608,000 | 04/08/26 | 4 | 2 | 1,664 | |
0.07 | Multi-Family Home | $675,000 | 02/11/26 | 5 | 4 | 2,452 | |
0.74 | Multi-Family Home | $603,000 | 07/02/26 | 5 | 4 | 2,445 | |
0.91 | Multi-Family Home | $575,000 | 04/22/26 | 4 | 2 | 1,576 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.02 | $608,000 | 4 | 2 | 1,664 | Recently Sold | |
0.07 | $955,900 | 8 | 4 | 3,540 | Off Market | |
0.07 | $640,000 | Studio | - | 2,047 | Recently Sold | |
0.07 | $675,000 | 5 | 4 | 2,452 | Recently Sold | |
0.12 | $537,700 | 3 | 2 | 1,502 | Off Market | |
0.10 | $545,900 | 3 | 2 | 2,009 | Off Market | |
0.11 | $570,000 | 4 | 3 | 2,118 | Recently Sold | |
0.12 | $575,000 | 4 | 3 | 2,118 | Recently Sold | |
0.13 | $640,000 | 4 | 3 | 2,047 | Recently Sold | |
0.13 | $646,000 | 4 | 3 | 2,118 | Recently Sold | |
0.15 | $515,900 | 4 | 2 | 1,408 | Off Market |
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1977
Living Area
2,118 sqft
Price/Sqft
$260/sqft
Parking
Garage
About this House
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.
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.
5940 Rye Way, Carmichael, CA 95608 is a 4 bedroom, 3 bathroom, 2,118 sqft multi-family built in 1977. It last sold for $550,000 on Aug 31, 2026 (7% below the $590,000 asking price). More recently, it was listed as a rental in November 2023 with an asking price of $1,800 per month. That rental listing was removed on December 21, 2023. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $575,000, with a rent estimate of $1,911/month.
Last check for updates: about 2 hours ago
Listed by Kelly Rivett 01249433, (916) 569-2385
Cornish & Carey Commercial, (408) 727-9600
Bought with: Stephan Skots 01471812, USKO Realty, (916) 410-1110
Source: MLSListings Inc, MLS#ML82041354

Home Details for 5940 Rye Way
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Interior Details Number of Rooms: 1Types of Rooms: Kitchen |
Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 3 |
Dimensions and Layout Living Area: 2118 Square Feet |
Appliances & Utilities Utilities: Public Utilities, Water PublicAppliances: Electric Cooktop, DishwasherDishwasherLaundry: Hookups Only |
Heating & Cooling Heating: Central Forced AirHas CoolingAir Conditioning: Central AirHeating Fuel: Central Forced Air |
Gas & Electric Gas: PublicUtilities |
Windows, Doors, Floors & Walls Door: NoneFlooring: Carpet, Vinyl Linoleum |
Levels, Entrance, & Accessibility Stories: 1Accessibility: NoneFloors: Carpet, Vinyl Linoleum |
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Exterior Home Features Roof: CompositionFoundation: Slab |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2Has a CarportHas a GarageParking Spaces: 2Parking: Attached,Off Street |
Water & Sewer Sewer: Public Sewer |
Farm & Range Not Allowed to Raise Horses |
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Year Built Year Built: 1977 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Duplex, Residential Income |
Property Information Included in Sale: Building, DishwasherAllUnits, Land, OvenRangeAllUnitsParcel Number: 23602520130000 |
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Price List Price: $590,000Price Per Sqft: $260/sqft |
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MLS Status: Sold |
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Direction & Address City: Carmichael |
School Information Elementary School District: SanJuanUnifiedHigh School District: SanJuanUnifiedWalk Score: 55 |
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Building Area Building Area: 2118 |
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Lot Area: 6534 sqft |
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Special Conditions: Standard |
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Listing Agreement Type: ExclusiveAgency |
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Mls Number: ML82041354 |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 31, 2026 Source: MLSListings Inc #ML82041354 | Sold | $550,000 |
Aug 4, 2026 Source: MLSListings Inc #ML82041354 | Pending | $590,000 |
Jun 23, 2026 Source: MLSListings Inc #ML82041354 | PriceChange | $590,000 Price decreased by 2% |
Apr 28, 2026 Source: MLSListings Inc #ML82041354 | PriceChange | $605,000 Price decreased by 2% |
Apr 2, 2026 Source: MLSListings Inc #ML82041354 | Listed For Sale | $615,000 |
Dec 21, 2023 Source: Zillow Rentals | ListingRemoved | |
Nov 29, 2023 Source: Zillow Rentals | Listed For Rent | $1,800 |
Oct 26, 2019 Source: Agent Provided | ListingRemoved | $1,425 |
Oct 19, 2019 Source: Agent Provided | Listed For Rent | $1,425 |
May 1, 2000 Source: N/A | Sold | $145,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2026 | Unavailable | $227,292 |
Home facts updated by county records
Market trends in Carmichael
Last updated July 2026
Avg. sale price
$591K
$9.83KMoM
Sale-to-List Price
100.0%
0.2%MoM
Price per sq ft
$339
$5MoM
Available listings
195
4MoM
Around this home
What Locals Say about Carmichael
At least 477 Trulia users voted on each feature.
87 % Say it's dog friendly
84 % Say car is needed
77 % Say parking is easy
75 % Say there are sidewalks
73 % Say yards are well-kept
68 % Say there's holiday spirit
62 % Say it's walkable to grocery stores
61 % Say it's quiet
56 % Say it's walkable to restaurants
56 % Say they plan to stay for at least 5 years
56 % Say kids play outside
51 % Say neighbors are friendly
48 % Say people would walk alone at night
47 % Say there's wildlife
39 % Say streets are well-lit
27 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections

Based on information from the MLSListings MLS as of 2026-09-01 13:09:16 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.
Frequently asked questions about 5940 Rye Way
- What is 5940 Rye Way estimated to be worth?Trulia's estimated value for 5940 Rye Way in Carmichael, CA is $575,000.
- What is the price history for 5940 Rye Way?5940 Rye Way in Carmichael, CA last sold for $550,000 in August 2026.
- Is Carmichael a buyer's or seller's market?Carmichael is currently a seller's market, based on recent for-sale activity.
- What's the median sale price in Carmichael?The median sale price in Carmichael is $591K. That is up $9.83K from the prior month.
- Does 5940 Rye Way have air conditioning?Yes, 5940 Rye Way in Carmichael, CA has air conditioning.
- Does 5940 Rye Way have laundry facilities?Yes, 5940 Rye Way in Carmichael, CA has laundry facilities.

