Multifamily Property for Sale in Sacramento, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Sacramento, CA 95831

Description

The Colony House Apartments is a well-situated 34-unit multifamily asset located on 915 Johnfer Way in the growing city of Sacramento, CA. Established on an expansive 1.14 acre parcel of land, the subject property was originally constructed in 1968 and features a gross building area of approximately 26,569 square feet, offering tenants spacious two-bedroom and one-bedroom floor plans, along with convenient amenities such as on-site laundry, dedicated parking, a sunny community pool, and a tranquil courtyard. Located in the highly desirable Greenhaven neighborhood of Sacramento, The Colony House Apartments offers tenants a compelling blend of suburban living and urban accessibility, sitting just off Interstate 5 for quick connectivity to Downtown Sacramento and convenient access to major employment hubs and transit options. Surrounded by a strong mix of employers, retail centers, and daily conveniences, the location supports consistent rental demand, while the neighborhood itself is known for its quiet, family-oriented environment, proximity to the Sacramento River, and access to parks, bike trails, and recreational amenities like Garcia Bend Park and nearby golf courses. The investment appeal of this asset is driven by Sacramento's growing population, low vacancy levels, and strong employment fundamentals, and with a world-class location in California's iconic Central Valley, The Colony House Apartments presents an attractive choice for Sacramento renters with close proximity to major employers, shopping, and entertainment options. Investment Highlights: • Incredible Cash-Flowing Multifamily Asset • Convenient Tenant Amenities • Abundant Lifestyle Amenities

Market Context

This multifamily in Sacramento, CA is listed for sale. It is offered at an approximate 5.3% 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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