Remodeled Fully Leased Victorian
For Sale
Contact for pricing
215 25th Street, Sacramento, CA 95816
Remodeled Victorian triplex offering three fully leased units with multiple outdoor spaces and upgraded electrical service.
Property Size3,500 SF
Price / SF$328.57
Days on Market61
Property Features for 215 25th Street
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Multifamily
Zoning
C-4
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
3
Amenities
sun room
back balcony
wood floors
historic finishes
outdoor space
Building Details
Year Built
1905
Buildings
1
Stories
2
Units
3
Tenancy
Multi
Construction
Victorian
Listing Agency:
RE/MAX Gold Natomas
Listed By:
Jim Walker · License #00676348
Source:
Crexi
Added: Jul 10
Changed: Sep 6
Last Checked: Aug 15 at 4:36AM
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 RE/MAX Gold Natomas
Investment Insights
Based on property information with market context.
This remodeled, fully leased Victorian triplex is configured with three residential units. The top floor features an expansive 1,500-square-foot flat with three bedrooms and 1.5 baths, along with wood floors and historic finishes, plus a sun room and back balcony. The ground level includes two remodeled two-bedroom, one-bath units, each with access to outdoor space.
The property is set in a tree-lined midtown Sacramento setting on a corner. Public transit and shopping are described as nearby, with three parks nearby as well, and Interstate freeways less than 10 minutes away. Sacramento Metro Airport is approximately 15 minutes.
Construction and systems updates noted include a new electrical panel scheduled to be installed on 4/27/26.
The property is set in a tree-lined midtown Sacramento setting on a corner. Public transit and shopping are described as nearby, with three parks nearby as well, and Interstate freeways less than 10 minutes away. Sacramento Metro Airport is approximately 15 minutes.
Construction and systems updates noted include a new electrical panel scheduled to be installed on 4/27/26.
Key Highlights
- Remodeled Victorian triplex built in 1905 with three fully leased units
- Top‑floor unit: 1,500 SF remodeled 3‑bed, 1.5‑bath flat with wood floors and historic finishes
- Top floor includes sun room and back balcony
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
$59,733
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%
$1,194,660
$1.2M
Cap Rate 7%
$853,329
$853.3K
Cap Rate 9%
$663,700
$663.7K
Market Conditions
NOI Build-Up for 3,500 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
$90.3K $25.80/SF
− Vacancy
−$5.0K −$1.42/SF
EGI
$85.3K $24.38/SF
− OpEx
−$25.6K −$7.31/SF
NOI
$59.7K $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%
$1,194,660
Cap Rate 7%
$853,329
Cap Rate 9%
$663,700
Alternative Uses
Best Use
Multifamily LT 5
$853.3K
$746.7K – $995.6K
NOI $59,733 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$785.4K
$687.2K – $916.3K
NOI $54,978 @ 7.0% cap · market cap 4.78%
Theoretical Best
Specialty Retail
$940.5K
$822.9K – $1.10M
NOI $65,835 @ 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
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,125
Businesses Nearby
Explore this area
Business Placement
Demographics for 95816, CA
18,606
Population
11,553
Households
1.6
Avg Household Size
36
Median Age
65%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
6,891
Density / Sq Mi
$90,521
Median Household Income
$61,407
Median Earnings
$1,647
Median Rent
$789,700
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 - Remodeled Victorian triplex offering three fully leased units with multiple outdoor spaces and upgraded electrical service.
Where is this triplex located?
The property is located at 215 25th Street Sacramento, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Remodeled Victorian triplex built in 1905 with three fully leased units; Top‑floor unit: 1,500 SF remodeled 3‑bed, 1.5‑bath flat with wood floors and historic finishes; Top floor includes sun room and back balcony
