Four-Unit Two-Bedroom Apartment
For Sale
$1,125,000
1829 H St, Sacramento, CA 95811
Fee-simple four-unit multifamily property with two-bedroom, one-bath layouts and central HVAC in each unit.
Property Size3,420 SF
Days on Market41
Property Features for 1829 H St
General Information
Standard status
Active
Size
3,420 SF
Property subtype
Multifamily
Occupancy
97%
Additional Details
Cap Rate
4.83%
Multifamily Units
4
Amenities
Highly Desirable 2 Bed / 1 Bath Units with Central A/C
Irreplaceable Location in Boulevard Park of Midtown Sacramento
Roof Replaced in 2025
2 out of 4 HVAC Units replaced in 2025
Walk-in Closets
Building Details
Building Size
3,420 SF
Units
4
Listing Agency:
Sacramento Office
Listed By:
Ilya Pigman · License #License(s): CA: 02176981
(916) 724-1323
Source:
Marcusmillichap
Added: Jul 26
Changed: Sep 3
Last Checked: Sep 4 at 2:13AM
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
Investment Insights
Based on property information with market context.
Fee simple interest offered in a four-unit multifamily building at 1829 H St. The property consists entirely of two-bedroom, one-bath units. Each unit includes central HVAC, and the building has had recent improvements including a roof replacement in late 2025, replacement of two HVAC units, and repainting of the property. During unit turnover, improvements have been made throughout the four units, including new carpet in all units, upgraded lighting, and countertop upgrades in select units.
The property is located in the Boulevard Park neighborhood of Midtown Sacramento. Public remarks note that it is within walking distance to the J Street corridor and also provides proximity to Capitol Mall and the State Capitol.
One unit is currently vacant. All tours must be scheduled through the listing agents, and management should not be disturbed.
The property is located in the Boulevard Park neighborhood of Midtown Sacramento. Public remarks note that it is within walking distance to the J Street corridor and also provides proximity to Capitol Mall and the State Capitol.
One unit is currently vacant. All tours must be scheduled through the listing agents, and management should not be disturbed.
Key Highlights
- Fee‑simple 4‑unit multifamily at 1829 H Street in Midtown Sacramento’s Boulevard Park neighborhood
- All units are 2‑bedroom/1‑bath layouts with 855 net rentable SF total and central HVAC in each unit
- Roof replaced in late 2025; two HVAC units replaced and the entire property repainted by current ownership
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
$58,368
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
5.19%
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%
$1,167,360
$1.2M
Cap Rate 7%
$833,829
$833.8K
Cap Rate 9%
$648,533
$648.5K
Market Conditions
NOI Build-Up for 3,420 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
$88.2K $25.80/SF
− Vacancy
−$4.9K −$1.42/SF
EGI
$83.4K $24.38/SF
− OpEx
−$25.0K −$7.31/SF
NOI
$58.4K $17.07/SF
Area
Sacramento, CA
Vacancy
5.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,167,360
Cap Rate 7%
$833,829
Cap Rate 9%
$648,533
Alternative Uses
Best Use
Multifamily LT 5
$833.8K
$729.6K – $972.8K
NOI $58,368 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$767.4K
$671.5K – $895.4K
NOI $53,721 @ 7.0% cap · market cap 4.78%
Theoretical Best
Specialty Retail
$919.0K
$804.1K – $1.07M
NOI $64,330 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5,712
Businesses Nearby
Explore this area
Business Placement
Demographics for 95811, CA
12,463
Population
5,085
Households
2.5
Avg Household Size
37
Median Age
54%
College-Educated
93%
High-School Grad
2.3 sq mi
ZIP Area
5,419
Density / Sq Mi
$77,760
Median Household Income
$59,641
Median Earnings
$1,564
Median Rent
$707,900
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?
Quadplex - Fee-simple four-unit multifamily property with two-bedroom, one-bath layouts and central HVAC in each unit.
Where is this quadplex located?
The property is located at 1829 H St Sacramento, CA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Fee‑simple 4‑unit multifamily at 1829 H Street in Midtown Sacramento’s Boulevard Park neighborhood; All units are 2‑bedroom/1‑bath layouts with 855 net rentable SF total and central HVAC in each unit; Roof replaced in late 2025; two HVAC units replaced and the entire property repainted by current ownership
