Six-Unit Apartment
New
For Sale
$2,100,000
2408-2410 Capitol Avenue, Sacramento, CA 95816
R-3A-zoned property includes off-street parking and a fenced yard.
Property Size7,152 SF
Price / SF$293.62
Days on Market2
Property Features for 2408-2410 Capitol Avenue
General Information
Standard status
Active
Size
7,152 SF
Property subtype
Residential Income
Zoning
R-3A
Site & Location
Neighborhood
Midtown / Winn Park / Capital Avenue
Additional Details
Multifamily Units
6
Tenant in Place
Yes
Amenities
off-street parking
fenced yard
Wood
3
1
Washer/Dryer Hookups
Formal Entry
6
Private,Shape Regular,Landscape Back,Landscape Front
Public
0.0
70x161
0.26
Assessor Auto-Fill
Off Street,Uncovered
Fenced Yard,Yard Space
Concrete,Slab
Building Details
Year Built
1907
Buildings
1
Stories
3
Listing Agency:
Amy M. Pickart, Broker
Listed By:
Amy M Pickart
(209) 346-0009
Source:
Carlilerealty
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:16AM
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 Amy M. Pickart, Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This six-unit apartment building was constructed in 1907 and contains 7,152 square feet. Interior details include wood features, formal entry, and washer/dryer hookups. The property also has a fenced yard with front and rear landscaping, along with uncovered off-street parking.
Located at 2408-2410 Capitol Avenue in Sacramento, the property is zoned R-3A.
Located at 2408-2410 Capitol Avenue in Sacramento, the property is zoned R-3A.
Key Highlights
- Six residential units
- 7,152 square feet of building area
- Built in 1907
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,344
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,246,880
$2.2M
Cap Rate 7%
$1,604,914
$1.6M
Cap Rate 9%
$1,248,267
$1.2M
Market Conditions
NOI Build-Up for 7,152 SF
Gross rent
$214.6K $30.00/SF
− Vacancy
−$10.3K −$1.44/SF
EGI
$204.3K $28.56/SF
− OpEx
−$91.9K −$12.85/SF
NOI
$112.3K $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%
$2,246,880
Cap Rate 7%
$1,604,914
Cap Rate 9%
$1,248,267
Alternative Uses
Best Use
Apartment 5plus
$1.60M
$1.40M – $1.87M
NOI $112,344 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,529 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
7,671
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
Frequently Asked Questions
What type of property is this?
Apartment building - R-3A-zoned property includes off-street parking and a fenced yard.
Where is this apartment building located?
The property is located at 2408-2410 Capitol Avenue Sacramento, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Six residential units; 7,152 square feet of building area; Built in 1907
