Midtown Triplex with Upside
For Sale
$1,040,000
1916 17th Street, Sacramento, CA 95811
Midtown Sacramento triplex with upgrades, walkability, and income potential.
Property Size3,263 SF
Price / SF$318.73
Days on Market379
Property Features for 1916 17th Street
General Information
Standard status
Active
Size
3,263 SF
Property subtype
Multi-Family
Amenities
Varies by Unit
Wall Unit(s)
Window Unit(s)
Central
Ceiling Fan(s)
Free Standing Gas Oven
Free Standing Gas Range
Built-In Gas Range
Dishwasher
Microwave
Disposal
Varies By Unit
Free Standing Electric Oven
City, Sewer In & Connected, Electric, Internet Available, Composition
Building Details
Building Size
3,263 SF
Year Built
1977
Stories
2
Listing Agency:
Keller Williams Realty, Sacramento
Listed By:
Nikki Nguyen · License #01350468
(916) 849-2954
Source:
Kw
Added: Aug 26, 2025
Changed: Aug 31
Last Checked: Sep 6 at 8:24PM
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 Keller Williams Realty, Sacramento
Investment Insights
Based on property information with market context.
Located in Midtown Sacramento, the property at 1916-1918-1920 17th Street is a triplex that combines character with upgrades. The property features two 1-bedroom units and one 4-bedroom, 2.5-bath unit with a potential office area. The main unit has been updated with luxury vinyl plank flooring, quartz countertops, and modern lighting. All units are currently rented. The property is located steps from the ICE Blocks and R Street Corridor, near restaurants, coffee shops, and boutiques such as Shake Shack and Beast + Bounty. It also offers proximity to nightlife, entertainment, and downtown access. The property contains 3,263 square feet and is suitable for an owner-occupant, house-hack, or long-term investment.
Key Highlights
- Prime Midtown location with exceptional walkability to restaurants, shops, and entertainment (ICE Blocks, R Street Corridor).
- Triplex property offering immediate rental income from existing tenants.
- Large 4‑bedroom unit with 2.5 baths and potential office space.
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
$55,689
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
5.35%
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%
$1,113,780
$1.1M
Cap Rate 7%
$795,557
$795.6K
Cap Rate 9%
$618,767
$618.8K
Market Conditions
NOI Build-Up for 3,263 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
$84.2K $25.80/SF
− Vacancy
−$4.6K −$1.42/SF
EGI
$79.6K $24.38/SF
− OpEx
−$23.9K −$7.31/SF
NOI
$55.7K $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%
$1,113,780
Cap Rate 7%
$795,557
Cap Rate 9%
$618,767
Alternative Uses
Best Use
Multifamily LT 5
$795.6K
$696.1K – $928.2K
NOI $55,689 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$732.2K
$640.7K – $854.3K
NOI $51,255 @ 7.0% cap · market cap 4.93%
Theoretical Best
Specialty Retail
$876.8K
$767.2K – $1.02M
NOI $61,377 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,745
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?
Triplex - Midtown Sacramento triplex with upgrades, walkability, and income potential.
Where is this triplex located?
The property is located at 1916 17th Street Sacramento, CA.
What is the asking price?
The asking price for this property is $1,040,000.
What are key features of this property?
This property features: Prime Midtown location with exceptional walkability to restaurants, shops, and entertainment (ICE Blocks, R Street Corridor).; Triplex property offering immediate rental income from existing tenants.; Large 4‑bedroom unit with 2.5 baths and potential office space.
