Six-Unit Apartment
For Sale
$1,285,000
2749 Fairfield St, Sacramento, CA 95815
Six one-bedroom, one-bath apartments with Section 8 accepted, offered for sale in Sacramento.
Property Size3,186 SF
Days on Market90
Property Features for 2749 Fairfield St
General Information
Standard status
Active
Size
3,186 SF
Property subtype
Investment
Additional Details
Multifamily Units
6
Building Details
Building Size
3,186 SF
Year Built
1958
Stories
1
Units
6
Tenancy
Multi
Listing Agency:
Luxe Places International Realty
(707) 433-2000
Listed By:
Julio Caceres · License #01863748
(707) 239-4846
Source:
Elliman
Added: Jun 3
Changed: Aug 14
Last Checked: Aug 30 at 10:28PM
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 Luxe Places International Realty
Investment Insights
Based on property information with market context.
2749 Fairfield St presents a six-unit apartment community. The property’s units are configured as one bedroom and one bathroom apartments, and Section 8 is welcomed.
BikeScore is listed at 55 (bikeable), with WalkScore of 37 (car-dependent) and a TransitScore of 30 (some transit), reflecting a primarily car-oriented access pattern.
For investors or owner-operators seeking a small residential income asset, this six-unit configuration offers an efficient, manageable scale while maintaining a consistent unit mix across the community.
BikeScore is listed at 55 (bikeable), with WalkScore of 37 (car-dependent) and a TransitScore of 30 (some transit), reflecting a primarily car-oriented access pattern.
For investors or owner-operators seeking a small residential income asset, this six-unit configuration offers an efficient, manageable scale while maintaining a consistent unit mix across the community.
Key Highlights
- Six‑unit apartment building at 2749 Fairfield Avenue
- Built in 1958
- All units are 1 bedroom, 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,046
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,000,920
$1.0M
Cap Rate 7%
$714,943
$714.9K
Cap Rate 9%
$556,067
$556.1K
Market Conditions
NOI Build-Up for 3,186 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$95.6K $30.00/SF
− Vacancy
−$4.6K −$1.44/SF
EGI
$91.0K $28.56/SF
− OpEx
−$40.9K −$12.85/SF
NOI
$50.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,000,920
Cap Rate 7%
$714,943
Cap Rate 9%
$556,067
Alternative Uses
Best Use
Apartment 5plus
$714.9K
$625.6K – $834.1K
NOI $50,046 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$856.1K
$749.1K – $998.8K
NOI $59,929 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Explore this area
Business Placement
Demographics for 95815, CA
27,838
Population
10,527
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
79%
High-School Grad
7.7 sq mi
ZIP Area
3,615
Density / Sq Mi
$58,590
Median Household Income
$37,199
Median Earnings
$1,448
Median Rent
$298,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six one-bedroom, one-bath apartments with Section 8 accepted, offered for sale in Sacramento.
Where is this apartment building located?
The property is located at 2749 Fairfield St Sacramento, CA.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: Six‑unit apartment building at 2749 Fairfield Avenue; Built in 1958; All units are 1 bedroom, 1 bathroom
