South Oak Park Homes under $500,000

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Newest South Oak Park Homes under $500,000

$340,000

3 Beds ⋅ 1 Baths ⋅ 749 SqFt. ⋅ 226121385 MLS

DON'T OVERLOOK the 3.5% assumable loan! This quaint, move-in ready single-story home features recent improvements for low-maintenance peace of mind, including a brand-new HVAC system, updated bathroom vanity, fresh front yard gate, and new backyard pavers. Bring your creativity to this spacious backyard, filled with endless possibilities. Additional highlights include a single-car garage with dedicated laundry hookups and an unbeatable commuter locationsituated right off the freeway and just minutes from CSUS and Downtown Sacramento.

3611 23rd Avenue, Sacramento

Listing courtesy of Berkshire Hathaway Home Services Elite Real Estate.

$399,999

3 Beds ⋅ 3 Baths ⋅ 1,754 SqFt. ⋅ 226115273 MLS

SOUTH OAK PARK OPPORTUNITY with TWO HOMES on one lot! This unique property offers an incredible opportunity for homeowners, investors, or multi-generational living. Situated on a spacious approximately 6,098 sq ft lot, this property features two separate residential structures offering flexibility, privacy, and plenty of possibilities. Originally built in 1940, the property combines classic Sacramento character with the potential to create your ideal living arrangement or investment property. The main residence offers comfortable living space with 2 bedrooms 1.5 bath and a functional layout, while the second structure provides additional space 1bed 1bath that can be ideal for extended family, guests, a home office, or rental potential. With two buildings on one parcel, the possibilities are endless! Located in South Oak Park area, you'll be conveniently close to shopping, dining, schools, parks, transportation, and everything Sacramento has to offer. Whether you're looking to live in one unit while generating additional income, accommodate multiple generations, or add value through future improvements, this property is full of potential. Don't miss this rare opportunity to own a versatile two-home property in Sacramento! Come see the possibilities at 3418 20th Ave.

3418 20th Avenue, Sacramento

Listing courtesy of Providence Properties.

5070 Martin Luther King Jr Boulevard, Sacramento

$320,000

2 Beds ⋅ 1 Baths ⋅ 606 SqFt. ⋅ 226111772 MLS

OPPORTUNITY IS KNOCKING IN SACRAMENTO! A property filled with possibilities for the buyer who can see beyond today and envision what this home could become. Whether you're searching for a home to make your own, a renovation project, or a property with long-term potential, this is an opportunity worth exploring. With the right vision and improvements, this home offers the chance to create something special while building value along the way. The established Sacramento location provides convenient access to neighborhood schools, shopping, dining, transportation, parks, and major Sacramento destinations. Instead of paying a premium for someone else's updates, bring your own ideas and create a home that reflects your style and priorities. For buyers who recognize the value of location + potential, this property deserves a closer look. Update it, personalize it, and unlock the possibilities. Bring your imagination. Bring your ideas. The potential is already here.

5070 Martin Luther King Jr Boulevard, Sacramento

Listing courtesy of eXp Realty of Northern California, Inc..

$439,000

4 Beds ⋅ 2 Baths ⋅ 1,758 SqFt. ⋅ 226107543 MLS

*Seller offering rate buy down Options, Ask for more details* INVESTMENT OPPORTUNITY WITH IMMEDIATE INCOME & FUTURE UPSIDE! Welcome to 4620 34th St, a great Sacramento investment property offering established rental income and exciting potential to add even more value. The home features 1,758 sq. ft. of primary living space, plus a permitted garage conversion that adds approximately 217 sq. ft., bringing the total usable living space to approximately 1,975 sq. ft. The converted garage is currently used as a recreation room, offering incredible flexibility for an additional family room, home office, playroom, guest space, extra bedroom, or whatever best fits your needs. The property is currently occupied by a tenant who moved in during 2024 and pays $2,495/month, providing immediate rental income for the next owner. Looking for even more upside? Studio ADU plans are available, providing an opportunity to add additional living space and generate another source of rental income. A qualified team is ready to build the ADU for approximately $95,000, giving the next owner a straightforward path to further increase the property's income potential and overall value.Whether you're looking for a cash-flowing rental with existing income or an investment with a clear path to add value, 4620 34th St offers both. Buy today, collect rent, and unlock the property's future potential.

4620 34th Street, Sacramento

Listing courtesy of Kinetic Real Estate.

$285,000

1 Beds ⋅ 1 Baths ⋅ 572 SqFt. ⋅ 226097549 MLS

Charming 1-bedroom, 1-bath home offering thoughtful updates from flooring, windows, and a new roof completed in 2024. The living room flows into the kitchen, which features generous counter space and an oversized sink. The bedroom includes a walk-in closet and an en-suite bathroom with an updated vanity and tub/shower combination. The indoor laundry room provides added convenience and direct backyard access. Outside, the expansive backyard offers endless possibilities for gardening, entertaining, and opportunity to build an ADU. While the double gate provides potential RV, boat, or extra vehicle parking. Conveniently located near shopping, freeway access, Fruitridge Park, and Christian Brothers High School. A great opportunity for first-time buyers, downsizers, and investors.

3824 25th Avenue, Sacramento

Listing courtesy of Capital's Finest, Inc..

4518 Martin Luther King Jr Blvd, Sacramento

$449,000

226091150 MLS

2-unit commercial property located in a prime, high-traffic area right off Highway 99, 4518 Martin Luther King Jr Blvd offers exceptional visibility and accessibility, making it an ideal location for various business or development opportunities. This corner lot features excellent exposure on a busy street, ensuring maximum foot and vehicle traffic. Currently used as a retail space, the property is divided into two units: one is being utilized for a successful sign business, while the other was recently operated as a barbershop. With its versatile layout, this property is well-suited for a variety of uses, including small retail shops, auto repair or sales businesses, or even an auto dealership. The lot also presents an exciting opportunity for redevelopment. Given its size and prime location, it could be transformed into a multifamily residential building, taking full advantage of the area's potential for growth. Whether you're looking for a commercial space with high visibility or a prime development site, this property offers endless possibilities. Don't miss out on this rare opportunity.

4518 Martin Luther King Jr Blvd, Sacramento

Listing courtesy of eXp Realty of California Inc..

$299,999

2 Beds ⋅ 1 Baths ⋅ 792 SqFt. ⋅ 226048357 MLS

This adorable Craftsman bungalow in South Oak Park has been freshly painted inside and features a newer HVAC system. Offering 2 bedrooms and 1 bathroom, the home sits on a spacious 0.13-acre lot with plenty of room for outdoor activities and entertaining. The bright open-concept layout seamlessly connects the living, dining, and kitchen areas. The kitchen features classic white subway tile backsplash, a gas range with hood, and new tile flooring. The bathroom includes a resurfaced tub with white subway tile surround. Enjoy your morning coffee on the freshly painted covered front porch. The gated front yard adds extra peace of mind, making this home a perfect starter property or an ideal option for someone looking to downsize.

4220 33rd Street, Sacramento

Listing courtesy of GUIDE Real Estate.

$449,900

1,747 SqFt. ⋅ 226058759 MLS

Beautifully located duplex offering strong investment potential in a high‑demand rental corridor. The property features two legally permitted units: one 2‑bedroom/1‑bath unit and one 1‑bedroom/1‑bath unit, both providing steady rental appeal and convenient layouts for long‑term occupancy. In addition to the permitted units, the property includes a converted garage area that has been previously used as an unpermitted third living space. This area is not recognized as a legal dwelling unit and is not included in the bedroom/bathroom count or reported square footage. Buyers are advised to verify all potential uses with the appropriate city and county agencies. The property is centrally situated adjacent to Christian Brothers High School, offering excellent proximity to shopping, dining, and major transportation routes. Live in one unit and rent out the rest, chance of a great income.

3878 17th Avenue, Sacramento

Listing courtesy of Real Estate Source Inc.

$358,000

776 SqFt. ⋅ 226045539 MLS

Unique opportunity to own two homes on one lot. 5130 Mascot Ave is 1 bed 1 bath with fenced front and backyard. 3871 26th Ave is 2 bedroom 1 bath with carport and detached storage building. Great for investor or owner occupied with rental income.

5130 Mascot Avenue, Sacramento

Listing courtesy of Advance Real Estate Management.

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .