Five-Unit Apartment
2553 Lexington St Sacramento, CA 95815
2553 Lexington St, Sacramento, CA, 95815
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For Sale
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Five-unit apartment property with two separate two-story buildings and individually metered gas and electricity.
Property Size2,850 SF
Price / SF$210.18
Days on Market99
Property Features for 2553 Lexington St
General Information
- Standard status
- Active
- Size
- 2,850 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1940
Listing agency
Colliers - Sacramento, California
(916) 830-2584
Listed by
Trevor Meleski · License #02245229
Source
Crexi
Added: Apr 16 Updated: Jul 22 at 8:04PM Checked: Jul 22 at 8:04PM
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 Colliers - Sacramento, California
Investment Insights
Based on property information with market context.
This five-unit apartment community includes three one-bedroom, one-bath units and two two-bedroom, one-bath units. The property is made up of two separate two-story buildings with T1-11 siding and pitched roofs. Each unit is equipped with wall heating and air conditioning, plus a gas or electric stove and refrigerator. Interior finishes include laminate, luxury vinyl plank (LVP), linoleum, and carpeted bedrooms.
Utilities are individually managed, with each unit metered for gas and electricity and featuring its own water heater. Parking is available via both off-street and on-street options, supporting day-to-day tenant convenience.
A new owner may consider adding a RUBS (Ratio Utility Billing System) program upon unit turnover, which the marketing material estimates could increase income by $25 to $75 per unit per month.
Utilities are individually managed, with each unit metered for gas and electricity and featuring its own water heater. Parking is available via both off-street and on-street options, supporting day-to-day tenant convenience.
A new owner may consider adding a RUBS (Ratio Utility Billing System) program upon unit turnover, which the marketing material estimates could increase income by $25 to $75 per unit per month.
Key Highlights
- Five‑unit apartment community with three 1 bed/1 bath units and two 2 bed/1 bath units
- Two separate two‑story buildings built with T1‑11 siding and pitched roofs (Year built: 1940)
- Units have wall heating and air conditioning, plus gas or electric stove and refrigerator
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.5k | $30.00 |
| − Vacancy | −$4.1k | −$1.44 |
| EGI | $81.4k | $28.56 |
| − OpEx | −$36.6k | −$12.85 |
| NOI | $44.8k | $15.71 |
2,850 SF · lease $30.00/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$639.5K
$559.6K – $746.1K
NOI $44,768 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$765.8K
$670.1K – $893.5K
NOI $53,609 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit apartment property with two separate two-story buildings and individually metered gas and electricity.
Where is this apartment building located?
The property is located at 2553 Lexington St Sacramento, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Five‑unit apartment community with three 1 bed/1 bath units and two 2 bed/1 bath units; Two separate two‑story buildings built with T1‑11 siding and pitched roofs (Year built: 1940); Units have wall heating and air conditioning, plus gas or electric stove and refrigerator
