5940 Rye Way, Carmichael, CA 95608
FOR SALE

5940 Rye Way
Carmichael, CA 95608

  • 4 Beds
  • 3 Baths
  • 2,118 sqft

$605,000

Original price: $615,000
Est. Mortgage $3,764/mo*
Get Pre-Qualified

$605,000

Original price: $615,000
Est. Mortgage $3,764/mo*
Get Pre-Qualified
4 Beds
3 Baths
2,118 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

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 $605,000, 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.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$286
Listed
47 days ago

Home Details for 5940 Rye Way

Interior Features

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 AirAir 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

Exterior Features

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

Days on Market

Days on Market: 47

Property Information

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

Price & Status

Price
List Price: $605,000Price Per Sqft: $286

Active Status

MLS Status: Active

Location

Direction & Address
City: Carmichael
School Information
Elementary School District: SanJuanUnifiedHigh School District: SanJuanUnifiedWalk Score: 55

Agent Information

Listing Agent
Listing ID: ML82041354

Building

Building Area
Building Area: 2118

Lot Information

Lot Area: 6534 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Agreement Type: ExclusiveAgency

Rental Terms, Policies & Fees

Lease Term: Month To Month

Miscellaneous

Mls Number: ML82041354
Last check for updates: about 5 hours ago
Listing courtesy of Kelly Rivett 01249433, (916) 569-2385
Cornish & Carey Commercial, (408) 727-9600
Source: MLSListings Inc, MLS#ML82041354
Also Listed on bridgeMLS/CCAR/Bay East AOR, MLSListings Inc.

Price History for 5940 Rye Way

DatePriceEventSource
04/28/2026$605,000PriceChange
MLSListings Inc #ML82041354
04/02/2026$615,000Listed For SaleMLSListings Inc #ML82041354
12/21/2023ListingRemovedZillow Rentals
11/29/2023$1,800Listed For RentZillow Rentals
10/26/2019$1,425ListingRemovedAgent Provided
10/19/2019$1,425Listed For RentAgent Provided
05/01/2000$145,000Sold
N/A

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Property Tax and Assessment

Year2025
Tax$2,711
Assessment$222,837
Home facts updated by county records

Comparable Sales for 5940 Rye Way

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5934-5932 Bourbon Dr, Carmichael, CA
0.13
Multi-Family Home
$646,000
03/27/26
4
3
2,118
6003-6001 Bourbon Dr, Carmichael, CA
0.13
Multi-Family Home
$640,000
11/20/25
4
3
2,047
6010-6008 Rye Way, Carmichael, CA
0.02
Multi-Family Home
$608,000
04/08/26
4
2
1,664
5928 Bourbon Dr, Carmichael, CA
0.07
Multi-Family Home
$675,000
02/11/26
5
4
2,452
5421 Manzanita Ave, Carmichael, CA
0.91
Multi-Family Home
$575,000
04/22/26
4
2
1,576
4134-4132 Empire Way, Carmichael, CA
0.77
Multi-Family Home
$600,000
04/24/26
4
2
1,728
6102-6100 Rutland Way, Carmichael, CA
0.83
Multi-Family Home
$580,000
08/27/25
4
2
1,564
5745-5743 Haskell Ave, Carmichael, CA
0.69
Multi-Family Home
$765,000
04/17/26
6
4
2,652
4131 Scranton Cir, Carmichael, CA
0.82
Multi-Family Home
$529,000
09/05/25
3
2
1,357

Assigned Schools

These are the assigned schools for 5940 Rye Way.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Carmichael

At least 476 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

  • 57 % Say kids play outside

  • 56 % Say it's walkable to restaurants

  • 56 % Say they plan to stay for at least 5 years

  • 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.
  • Ashley Pate
    "My kids go to school in the Arden area and it’s okay. There’s many different ways to take but it’s a little trafficy. I would say 3 out of 5 stars."
    0
    Flag
  • Aligqi80
    "Carmichael is unique because it offers a calm, family-friendly atmosphere with beautiful tree-lined streets, nearby parks, and easy access to shopping, dining, and major roads. It feels peaceful while staying very convenient."
    0
    Flag
  • Renewilliams415
    "I have lived in this neighborhood with my mom and my brothers fir 11 years. We know all our neighbors and everyone looks out for each other. "
    0
    Flag
  • Fawad Mohammad
    "Nice and lovely area. Love it because it’s quite and calm and people are friendly around and American river is also close by."
    0
    Flag
  • Linda
    "We have sidewalks and mature trees and no HOA fees. It is quiet and has really great schools. The houses are all well built. "
    0
    Flag
  • Renewilliams415
    "My mom has lived here for the past 12 years prior to her passing away recently. We know all the neighbors, their kids, & their dogs. Everyone here has been so kind to us the entire time we have lived in the neighborhood. We usually have a baked goods exchange during the holidays and we come together for a block party for memorial day & the 4th of july. I would recommend carmichael as a great area to live!"
    0
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  • Kimberley Nichole Hazlett
    "The commute to grocery stores and other shops are easily accessible from our neighborhood. A few of them are within walking distance as well. Making it really convenient."
    0
    Flag
  • Hav2bme
    "Easy commute...right off freeway and close to everything. Easy side streets. Everything is super close, including grocery stores "
    0
    Flag
  • Mariajose.fernandezf
    "Commute is Busy. Add extra time for traffic. Freeway and streets during peak hours are packed. Some days are better than others. Depends on what time of year it is. "
    0
    Flag
  • Marisa B.
    "Very nosy neighbors, Have neighborhood watch here, Drone are very common, aircrafts are busy bc of the hospital, quiet and nice neighborhoods, lots of dog walking, unlit streets but very comfortable to live in. - Resident for 26 years."
    0
    Flag
  • Klynton K.
    "Close knit neighborhood and watch groups. Great family oriented area. We love the local businesses. Close to the river and far enough away from the freeways. "
    0
    Flag
  • Emmat874
    "I have to take the freeway but it’s barely a 20 minute drive so it’s not too bad. I don’t take public transit, but I’ve heard not so great things because of the restrictions."
    9
    Flag
  • Marisa B.
    "If you are near MSJ Hospital it is a nice area. There are dirty, lower grade parts up near El Camino Ave on Fair Oaks. After that it is nice again all along California Ave. Big Houses. River Spots. Lots of options for schools and stores. :)"
    0
    Flag
  • Hbb
    "You can choose the schools your children can go to. Open enrollment. Many nice parks and a variety of grocery stores."
    6
    Flag
  • Mary E.
    "There are many different dogs in this area, so no breed is unwelcome. however people usually dont pick up after their dogs."
    5
    Flag
  • Mama2472010
    "There are parks nearby, many with a bathroom of some sort. The schools here are good. There is quick access to grocery stores for the milk you ran out of or something else you need right away. Big club stores aren’t far off either."
    6
    Flag
  • Shaina L.
    "neighbors are nice and care about you. kids play outside and share bikes, scooters ect... nothing is stolen or mistreated."
    0
    Flag
  • Trulia User
    "my neighbors are respectful and friendly. grocery stores are reachable and I can walk to the shops. I can walk my dog to the neighborhood and the walkways have enough light. only the road are old and most parts needed to be repair. over all I like this area because of security and closeness to the grocery stores. "
    4
    Flag
  • Vincent I. S.
    "Great community with small owned business and commercial shopping opportunities. Generally nice people who have grown up in the area or enjoy it enough to settle down here. Private community feeling."
    1
    Flag
  • Duraid J.
    "Very good neighborhood and very quiet at all the time. The Omni Dr community part is very clean and quite."
    0
    Flag
  • Shastabear72
    "People in this area are very friendly and to great area to live everybody respects and picks up after the dog"
    0
    Flag
  • Madeleine C.
    "This area is close to the places that my husband and I need to go. Grocery store down the road and I think it will be good for kids to grow up in."
    1
    Flag
  • Lorelai_09
    "That Carmichael is a great neighborhood for our kids and also to live in. It’s a nice little rural city"
    1
    Flag
  • Lorelai_09
    "I love this neighborhood because of the memories that was created in my childhood. The neighbors ate kind and polite. There’s a river and golf course right next to us. "
    0
    Flag
  • Nicole W.
    "I've lived in this neighborhood for 7 years now but it's a hit and miss for the good and bad areas of carmichael, so just choose the location wisely."
    0
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  • Iam01pbm
    "Good family neighborhood. Nice farmers market. Old established neighborhoods, not a bunch of new cookie cutters."
    0
    Flag
  • Emc0216
    "Lots of dogs in our neighborhood, and friendly neighbors. although I don’t have a dog so I’m not sure where the nearest off-leash dog park is. "
    0
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  • Just4me916
    "There are many schools and parks in the neighborhood. Established trees. It’s very beautiful here. Hospital, urgent care facilities. And shopping. "
    0
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  • Erik O.
    "Carmichael is a diverse community filled with a variety of different types of homes and businesses. The people are great and the area is fantastic for raising a family. "
    0
    Flag
  • Bill S.
    "Farmers market ... music in the park ... food trucks in the park. Weekend car club at the local grocery store. "
    1
    Flag
  • Shirley N.
    "very quiet friendly affordable and close to shops food and bus line there are also plenty of gas stations tire shops car washes nail shops auto shops gyms nice schools"
    1
    Flag
  • Shastabear72
    "You can walk your dog to and around the nearby park. The nearby grade school middle school and high school are great also"
    1
    Flag
  • Tiffany E.
    "great place to rise children great community.enjoy doing community events with children and family and friends."
    2
    Flag
  • Elisheba
    "Great community and I enjoy living here. Lots of retired people. Although, I would love to see more parks. "
    0
    Flag
  • Jacksjean
    "Farmers markets, special events for the entire family, small town feel while still having city stores and large country lots."
    1
    Flag
  • Jacqueline F.
    "I enjoy walking my dog on quiet neighborhood streets that have little or no traffic. Other pet owners get to know you and your dog too. Local dog walking service available too. "
    1
    Flag
  • Jacqueline F.
    "Rural feel during walks. Nature parks close by and many of pet owners. Big yards for animals to roam - 60’s style. "
    0
    Flag
  • Mylenemai15
    "marathons that go on once a year that make it difficult to commute and prevents u to leave your house. They have to close off all of fair oaks and part of sunrise. prevents access to sunrise marketplace. "
    0
    Flag
  • trotter1
    "It’s pretty. Parks and wildlife... bike path next to the river. Walking trails and horseback trails "
    0
    Flag
  • C.jackson6449
    "Crafts, farmers markets, parades, school functions, sporting events, multiple restaurants, all priced shopping centers"
    0
    Flag

LGBTQ Local Legal Protections

Kelly Rivett, Cornish & Carey Commercial, (408) 727-9600
Agent Phone: (916) 569-2385
Based on information from the MLSListings MLS as of 2026-05-20 02:48:57 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.
5940 Rye Way, Carmichael, CA 95608 is a 4 bedroom, 3 bathroom, 2,118 sqft multi-family built in 1977. This property is currently available for sale and was listed by MLSListings Inc on Apr 2, 2026. The MLS # for this home is MLS# ML82041354.