Midtown Sacramento Multifamily
For Sale
$1,600,000
Pending
2711 I St, Sacramento, CA 95816
Five-unit complex in Midtown Sacramento with income potential.
Property Size3,852 SF
Lot Size0.15 Acres
Days on Market222
Property Features for 2711 I St
General Information
Standard status
Pending
Size
3,852 SF
Lot size
0.15 Acres
Property subtype
Investment
Building Details
Building Size
3,852 SF
Year Built
1920
Units
5
Listed By:
Denise Cook
(916) 956-7913
Source:
Elliman
Added: Mar 11
Changed: Oct 10
Last Checked: Oct 16 at 11:11AM
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 Denise Cook
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Investment Insights
Based on property information with market context.
This five-unit complex is located in Midtown Sacramento. The property features five one-bedroom, one-bathroom units. There is a converted three-car garage that can be used for storage or studio space, providing an opportunity for extra income. The exterior has been recently painted, and the units have updated dual-pane windows, tankless water heaters, new fixtures, and paint. The property includes a fountain in the front and a pond in the back. The property was previously maintained by an on-site landlord. The property's annual income is $114,400, with a cap rate of 4.2% and a GRM of 7.2.
Key Highlights
- High Annual Income: $114,400
- Strong Investment Metrics: 4.2% Cap Rate, 7.2 GRM
- Prime Midtown Sacramento Location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,507
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,210,140
$1.2M
Cap Rate 7%
$864,386
$864.4K
Cap Rate 9%
$672,300
$672.3K
Market Conditions
NOI Build-Up for 3,852 SF
Gross rent
$115.6K $30.00/SF
− Vacancy
−$5.5K −$1.44/SF
EGI
$110.0K $28.56/SF
− OpEx
−$49.5K −$12.85/SF
NOI
$60.5K $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%
$1,210,140
Cap Rate 7%
$864,386
Cap Rate 9%
$672,300
Alternative Uses
Best Use
Apartment 5plus
$864.4K
$756.3K – $1.01M
NOI $60,507 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.04M
$905.7K – $1.21M
NOI $72,456 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,360
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
Check the figures for this property
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?
Apartment building - Five-unit complex in Midtown Sacramento with income potential.
Where is this apartment building located?
The property is located at 2711 I St Sacramento, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: High Annual Income: $114,400; Strong Investment Metrics: 4.2% Cap Rate, 7.2 GRM; Prime Midtown Sacramento Location
