$650,000

Rare investment opportunity in historic Old Fair Oaks Village! Situated on a private .36-acre lot, this 1,749-square-foot duplex offers two income-producing units with combined current rents of $4,550 per month and additional upside potential. The property was appraised at $710,000 in April 2026, prior to completion of the recent foundation reinforcement. Unit A is an 817-square-foot, two-bedroom, one-bath residence completely remodeled down to the studs, including a new 200-amp electrical panel. Unit B offers 932 square feet with two bedrooms, a versatile bonus room, a spacious walk-in closet, and a pantry. The roof is approximately five years old. Engineered foundation reinforcement has recently been completed with Sacramento County permits. Originally built as a single-family home, the property may offer the flexibility to convert back, subject to applicable approvals. The generous lot may also provide space for a future ADU; buyer to verify feasibility with Sacramento County. Smallwood Lane was named for the home's original early-1900s builder, adding a special connection to local history. Ideally located just one block from American River Parkway bike-trail access and the Fair Oaks Bridge, with the newly completed Fair Oaks Village Park and Community Center nearby.Built more than a century ago, the home retains wonderful period character, including original interior woodwork and the lower ceiling heights typical of its era. The structure also has a pronounced, visibly out-of-level condition, including sloped floors and angled door frames. Engineered foundation reinforcement has been completed, inspected and signed off by Sacramento County, with no additional work required under the approved permit. Buyers who wish to further straighten and level the home may elect to do so; a contractor's bid is available for review.Appraisal and supporting documentation are attached.