Six-Unit Apartment
New
For Sale
$2,100,000
2408 Capitol Avenue, Sacramento, CA 95816
Off-street parking and a fenced yard accompany this Sacramento residential property.
Property Size7,152 SF
Price / SF$293.62
Days on Market4
Property Features for 2408 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
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
6
Tenant in Place
Yes
Amenities
fenced yard
Formal Entry
Fenced Yard
Yard Space
Building Details
Building Size
7,152 SF
Year Built
1907
Buildings
1
Stories
3
Units
6
Listing Agency:
Amy M. Pickart, Broker
3460009
Listed By:
Amy M Pickart
(209) 346-0009
Source:
Davenportsold
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 10:51AM
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
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Investment Insights
Based on property information with market context.
This six-unit apartment property at 2408 Capitol Avenue in Sacramento dates to 1907 and contains 7,152 square feet. The site is zoned R-3A and includes off-street parking and a fenced yard. Long-term tenancy and stable occupancy are noted for the property.
The building is near cafes, restaurants, shops, and the California Capitol grounds. Its Capitol Avenue address places it in Sacramento’s Midtown area.
The building is near cafes, restaurants, shops, and the California Capitol grounds. Its Capitol Avenue address places it in Sacramento’s Midtown area.
Key Highlights
- Six residential units
- 7,152 square feet; built in 1907
- R‑3A zoning
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.
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Lease Details
6
Residential units
Yes
Highway access
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Off-street parking and a fenced yard accompany this Sacramento residential property.
Where is this apartment building located?
The property is located at 2408 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; built in 1907; R‑3A zoning
