Multifamily Property for Sale in Sacramento, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Sacramento, CA 95814

Description

Marcus & Millichap is pleased to present 1301 H Street Apartments, a fully renovated 9 unit multifamily asset located steps from Sacramento’s Central Business District. Originally a Victorian office building, the property underwent a complete conversion in 2019 and now features large, natural light filled two bedroom units; two 2BD/1BA and seven 2BD/2BA along with new plumbing, electrical, roofing, siding, and interior finishes. Positioned within walking distance of Downtown Commons (DOCO), Golden 1 Center (Home of the Sacramento Kings), and Sacramento’s premier dining and nightlife, the property offers exceptional lifestyle convenience. Sutter Health Park, home to the River Cats and temporary host of the Oakland A’s through 2027, is just across Tower Bridge. The building blends modern upgrades with the character of its historic surroundings and attracts a stable tenant base of young professionals and state employees. With the Governor’s directive for state workers to return to the office by July 1, 2026, the asset is well positioned for continued rent growth in the Downtown submarket. 1301 H Street represents an ideal opportunity to acquire a low maintenance, turnkey property with strong income and long term stable cash flow. Please contact the listing team for due diligence materials and property tours. Investment Highlights: • Turnkey 2019 renovation with all new mechanical and interior/exterior upgrades. • Core Downtown location blocks from Downtown Commons, Golden 1 Center and major employers. • Strong long-term tenant demand from young professionals and state workers

Market Context

This multifamily in Sacramento, CA is listed for sale. It is offered at an approximate 4.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Sacramento, CA — <a href="/search/sale/multifamily/california/sacramento">view the full market</a>.

As of Q3 2023, the Sacramento multifamily market showed a 3.8% vacancy rate. Source: Consensus Q3 2023 market report.

Tight vacancy keeps competition for quality space elevated.

Multifamily market FAQ

Is the Sacramento multifamily market tightening or softening?
Vacancy is around 3.8% (Q3 2023).

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