Multifamily Property for Sale in Sacramento, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Sacramento, CA 95822

Description

Marcus & Millichap is pleased to present 2065–2081 15th Avenue, an 11 unit multifamily asset located in the highly desirable William Land Park neighborhood of Sacramento, CA. The property consists of two contiguous parcels; one improved with a 7 unit building and the other with a 4 plex, offering operational simplicity and potential to sell each parcel individually. The unit mix is composed of eight 1BD/1BA units, one 2BD/1BA unit, one 2BD/2BA unit, and one 3BD/1BA unit. All units have undergone interior upgrades, including in unit washer/dryer, dishwashers, wood laminate flooring, and updated cabinetry and countertops. The three bedroom unit is equipped with central HVAC, while the remaining units utilize wall heating and air conditioning. A RUBS program is currently implemented for common area utilities boosting the NOI. The asset benefits from a prime infill location within walking distance of Sacramento City College, the Sacramento Zoo, and William Land Park. Positioned between Interstate 5 and Highway 99, the property provides excellent regional connectivity. The Golden 1 Center is approximately five miles away, and the nearby Central Business District offers a concentration of employment, entertainment, retail, and dining amenities. 2065–2081 15th Avenue represents an opportunity to acquire a well maintained, renovated multifamily asset in one of Sacramento’s most established neighborhoods, supported by strong tenant demand, proximity to major employment centers, and long term appreciation potential. Investment Highlights: • Large diverse units featuring upgraded interiors, in unit laundry, modern finishes, and a diversified mix of 1BD, 2BD, and 3BD units. • Prime William Land Park location within walking distance of major amenities and positioned between I-5 and Hwy-99 for strong regional connectivity. • Operational flexibility and income strength with two contiguous parcels, RUBS in place, and durable tenant demand supporting long term appreciation.

Market Context

This multifamily in Sacramento, CA is listed for sale. It is offered at an approximate 5.6% 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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