Victorian Residential Income
For Sale
$1,095,000
1704 N Street, Sacramento, CA 95811
Victorian residential income property with multiple units, balconies, garages, and zoned central air conditioning.
Property Size3,054 SF
Price / SF$358.55
Days on Market32
Property Features for 1704 N Street
General Information
Standard status
Active
Size
3,054 SF
Total Parking Spaces
3
Property subtype
Residential Income
Zoning
R-3A
Amenities
Sidewalks
Central Air, Multi Units, Zoned
Central, Fireplace(s), Zoned
Walk-Out Access, Apartment
Free-Standing Refrigerator, Gas Water Heater, Ice Maker, Dishwasher, Microwave, Disposal, Tankless Water Heater, Free-Standing Electric Range
Vaulted Ceiling(s)
Fenced
Attached, Detached, Garage, Garage Door Opener, On Street
Balcony
Victorian
Building Details
Year Built
1885
Buildings
2
Stories
2
Listed By:
Sara Gonzalez Bryant
(916) 718-8620
Source:
Evrealestate
Added: Aug 4
Changed: Aug 15
Last Checked: Sep 2 at 4:11PM
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 Sara Gonzalez Bryant
Investment Insights
Based on property information with market context.
Built in 1885, this 3,054-square-foot residential income property includes multiple interior units and apartment-style walk-out access. The interior offers zoned central air conditioning, fireplaces, vaulted ceilings, and a kitchen package with a dishwasher, microwave, disposal, free-standing refrigerator, ice maker, gas water heater, tankless water heater, and free-standing electric range. Exterior features include a balcony, fencing, and both attached and detached garage options with a garage door opener, along with on-street parking.
The property is located at 1704 N Street in Sacramento, California, within Sacramento County. It carries R-3A zoning and combines Victorian architectural character with a multi-unit residential configuration.
The property is located at 1704 N Street in Sacramento, California, within Sacramento County. It carries R-3A zoning and combines Victorian architectural character with a multi-unit residential configuration.
Key Highlights
- 3,054‑square‑foot residential income property
- Built in 1885 with Victorian architectural character
- R‑3A zoning in Sacramento County
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
$47,972
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
4.38%
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%
$959,440
$959.4K
Cap Rate 7%
$685,314
$685.3K
Cap Rate 9%
$533,022
$533.0K
Market Conditions
NOI Build-Up for 3,054 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
$91.6K $30.00/SF
− Vacancy
−$4.4K −$1.44/SF
EGI
$87.2K $28.56/SF
− OpEx
−$39.3K −$12.85/SF
NOI
$48.0K $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%
$959,440
Cap Rate 7%
$685,314
Cap Rate 9%
$533,022
Alternative Uses
Best Use
Apartment 5plus
$685.3K
$599.7K – $799.5K
NOI $47,972 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$820.7K
$718.1K – $957.4K
NOI $57,446 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,413
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Victorian residential income property with multiple units, balconies, garages, and zoned central air conditioning.
Where is this residential income property located?
The property is located at 1704 N Street Sacramento, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 3,054‑square‑foot residential income property; Built in 1885 with Victorian architectural character; R‑3A zoning in Sacramento County
