Historic Multifamily
For Sale
$1,300,000
2409 I St, Sacramento, CA 95816
Multifamily property with unit interiors that vary and R-3A-SPD zoning in Sacramento.
Property Size2,601 SF
Price / SF$499.81
Days on Market69
Property Features for 2409 I St
General Information
Standard status
Active
Size
2,601 SF
Property subtype
Multi-Family
Building Details
Year Built
1890
Listing Agency:
Collier's International
Listed By:
Matthew S Sarro · License #01942991
(916) 616-5267
Source:
Themorerealestategroup
Added: Aug 11
Changed: Oct 4
Last Checked: Oct 7 at 2:08PM
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 Collier's International
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Investment Insights
Based on property information with market context.
This multifamily property at 2409 I Street in Sacramento was built in 1890 and includes unit interiors that vary by residence. The property carries R-3A-SPD zoning, providing a defined residential land-use designation for the asset.
The property is located near the intersection of I Street and 24th Street in Sacramento, within Sacramento County. Exterior details are referenced in the property information but are not further specified.
The property is located near the intersection of I Street and 24th Street in Sacramento, within Sacramento County. Exterior details are referenced in the property information but are not further specified.
Key Highlights
- 1890 construction year
- R‑3A‑SPD zoning
- Located at 2409 I Street, Sacramento, CA 95816
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,857
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,140
$817.1K
Cap Rate 7%
$583,671
$583.7K
Cap Rate 9%
$453,967
$454.0K
Market Conditions
NOI Build-Up for 2,601 SF
Gross rent
$78.0K $30.00/SF
− Vacancy
−$3.7K −$1.44/SF
EGI
$74.3K $28.56/SF
− OpEx
−$33.4K −$12.85/SF
NOI
$40.9K $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%
$817,140
Cap Rate 7%
$583,671
Cap Rate 9%
$453,967
Alternative Uses
Best Use
Apartment 5plus
$583.7K
$510.7K – $681.0K
NOI $40,857 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$698.9K
$611.6K – $815.4K
NOI $48,925 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
6,150
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property with unit interiors that vary and R-3A-SPD zoning in Sacramento.
Where is this multifamily property located?
The property is located at 2409 I St Sacramento, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 1890 construction year; R‑3A‑SPD zoning; Located at 2409 I Street, Sacramento, CA 95816
