8-Unit Renovated Apartment
For Sale
$1,395,777
Pending
1507 Nogales St, Sacramento, CA 95838
The property includes updated laundry facilities and interior finishes across its residential units.
Property Size5,928 SF
Days on Market26
Property Features for 1507 Nogales St
General Information
Standard status
Pending
Size
5,928 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
8
Amenities
laundry facilities
Listing Agency:
eXp Realty of California Inc.
8327179
Listed By:
Erik J. Katz · License #02096777
(209) 283-4157
Source:
Exprealty
Added: Sep 24
Changed: Oct 13
Last Checked: Oct 16 at 12:25PM
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 eXp Realty of California Inc.
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Investment Insights
Based on property information with market context.
This 8-unit apartment property was built in 1966 and has undergone extensive interior and building-system work. Improvements include a replacement roof, new electrical systems, renovated kitchens and refreshed bathrooms, along with new flooring and interior paint. Laundry facilities have also been updated, and each residence features modernized finishes.
Located at 1507 Nogales Street in Sacramento, the property is near public services.
Located at 1507 Nogales Street in Sacramento, the property is near public services.
Key Highlights
- 8‑unit apartment property
- Built in 1966
- New electrical systems and roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,117
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,862,340
$1.9M
Cap Rate 7%
$1,330,243
$1.3M
Cap Rate 9%
$1,034,633
$1.0M
Market Conditions
NOI Build-Up for 5,928 SF
Gross rent
$177.8K $30.00/SF
− Vacancy
−$8.5K −$1.44/SF
EGI
$169.3K $28.56/SF
− OpEx
−$76.2K −$12.85/SF
NOI
$93.1K $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%
$1,862,340
Cap Rate 7%
$1,330,243
Cap Rate 9%
$1,034,633
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $93,117 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.86M
NOI $111,506 @ 7.0% cap · market cap 7.99%
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
422
Businesses Nearby
Explore this area
Business Placement
Demographics for 95838, CA
41,340
Population
12,400
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
80%
High-School Grad
9.2 sq mi
ZIP Area
4,493
Density / Sq Mi
$63,969
Median Household Income
$35,443
Median Earnings
$1,605
Median Rent
$369,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property includes updated laundry facilities and interior finishes across its residential units.
Where is this apartment building located?
The property is located at 1507 Nogales St Sacramento, CA.
What is the asking price?
The asking price for this property is $1,395,777.
What are key features of this property?
This property features: 8‑unit apartment property; Built in 1966; New electrical systems and roof
