8-Unit Apartment
New
For Sale
$1,760,000
1213 V St, Sacramento, CA 95818
Residents have access to gated entry, on-site laundry, and off-street parking.
Property Size5,400 SF
Days on Market5
Property Features for 1213 V St
General Information
Standard status
Active
Size
5,400 SF
Total Parking Spaces
6
Property subtype
Multifamily
Occupancy
97%
Additional Details
Cap Rate
4.69%
Multifamily Units
8
Amenities
gated entry
onsite laundry services
Substantially Renovated in 2026 - Roof, Windows, Paint, Landscaping
100% of Units Renovated - LVP Flooring, Cabinetry, Countertops, Bathrooms
Spacious 1 & 2-Bedroom Floorplans
Off-Street Parking - New Asphalt & Striping
Onsite Laundry Facility - Tap to Pay Washer & Dryer
Building Details
Building Size
5,400 SF
Year Built
1963
Year Renovated
2026
Units
8
Listing Agency:
Sacramento Office
Listed By:
Ilya Pigman · License #License(s): CA: 02176981
(916) 724-1323
Source:
Marcusmillichap
Added: Oct 14
Changed: Oct 17
Last Checked: Oct 16 at 5:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sacramento Office
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Investment Insights
Based on property information with market context.
At 1213 V Street, this eight-unit apartment property was built in 1963 and renovated in 2026. The residences include a mix of one- and two-bedroom layouts, averaging approximately 600 and 900 rentable square feet, respectively. Community features include controlled gated access, on-site laundry, and six off-street parking spaces.
The property is in Sacramento, near the meeting area of Midtown, Downtown, and the Broadway Corridor. Nearby context includes employment centers, restaurants, entertainment venues, parks, and cultural destinations, along with independent shops, coffee businesses, galleries, and neighborhood services.
The property is in Sacramento, near the meeting area of Midtown, Downtown, and the Broadway Corridor. Nearby context includes employment centers, restaurants, entertainment venues, parks, and cultural destinations, along with independent shops, coffee businesses, galleries, and neighborhood services.
Key Highlights
- Eight apartment units with one- and two‑bedroom layouts
- Renovated in 2026; originally constructed in 1963
- One‑bedroom units average approximately 600 rentable square feet; two‑bedroom units average approximately 900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,823
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,696,460
$1.7M
Cap Rate 7%
$1,211,757
$1.2M
Cap Rate 9%
$942,478
$942.5K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$162.0K $30.00/SF
− Vacancy
−$7.8K −$1.44/SF
EGI
$154.2K $28.56/SF
− OpEx
−$69.4K −$12.85/SF
NOI
$84.8K $15.71/SF
Area
Sacramento, CA
Vacancy
4.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,696,460
Cap Rate 7%
$1,211,757
Cap Rate 9%
$942,478
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,823 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,574 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,569
Businesses Nearby
Explore this area
Business Placement
Demographics for 95818, CA
22,375
Population
11,301
Households
2
Avg Household Size
39
Median Age
62%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
5,737
Density / Sq Mi
$120,509
Median Household Income
$72,803
Median Earnings
$1,650
Median Rent
$768,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to gated entry, on-site laundry, and off-street parking.
Where is this apartment building located?
The property is located at 1213 V St Sacramento, CA.
What is the asking price?
The asking price for this property is $1,760,000.
What are key features of this property?
This property features: Eight apartment units with one- and two‑bedroom layouts; Renovated in 2026; originally constructed in 1963; One‑bedroom units average approximately 600 rentable square feet; two‑bedroom units average approximately 900
