Multifamily Property for Sale in Sacramento, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Sacramento, CA 95817

Description

Marcus & Millichap is pleased to offer fee simple interest in Delta Bungalows, a newly constructed 18 unit Class A community located in Sacramento’s rapidly growing North Oak Park neighborhood. As Sacramento’s first expandable apartment concept, the property features Ori Cloud Bed technology, 14 foot ceilings, no shared walls, and fully equipped 500 SF smart studios designed for high earning medical and professional tenants. The property is exceptionally located with proximity of 0.7 miles to UC Davis Health & Aggie Square, 1.2 miles to Sutter Health, and 1.5 miles to Mercy Hospital. Delta Bungalows is well positioned to capture consistent demand from medical residents, traveling nurses, and young professionals seeking modern, efficient living near major employment hubs. While completed in the Winter of 2025, Delta Bungalows implemented their leasing campaign in January 2026. The property is advertising the Upstairs units at $1,850 base rent, and the Downstairs units at $1,750 base rent, both supplemented by a RUBs program of $110/Unit/Month and have signed leases in place at those figures. Current ownership will continue their lease-up efforts through the first half of 2026. This asset represents a rare opportunity to acquire a newly constructed, highly differentiated multifamily asset in a supply constrained urban submarket. Its combination of smart living technology, transformable layouts, premium finishes, and proximity to major medical employers positions it as a compelling investment opportunity with strong rent growth and stable long term demand. Investment Highlights: • Brand New 2025 Purpose built Studio community • No shared walls, enhancing privacy and reducing noise transfer • 14' ceilings, oversized windows, and modern architectural finishes • Designed for low maintenance operations and long term durability

Market Context

This multifamily in Sacramento, CA is listed for sale. It is offered at an approximate 4.5% 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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