5-Unit Apartment
2722 T Street, Sacramento, CA 95816
For Sale
$1,095,000
Shared laundry and additional tenant storage are located in the basement.
Property Size4,365 SF
Price / SF$250.86
Days on Market26
Property Features for 2722 T Street
General Information
Standard status
Size
Property subtype
Zoning
Lease Term
Financials
Asking Price
Cap Rate
Average Monthly Rent
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
shared laundry
free tenant storage
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Ken Turton, Broker
5733300
Listed By:
Jon M Lang · License CA #01934934
(916) 710-0753
Source:
Fitforliferealestate
Added: Oct 20
Changed: Nov 10
Last Checked: Nov 13 at 6:48AM
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 Ken Turton, Broker
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Investment Insights
Based on property information with market context.
Built in 1923, this two-story apartment property contains five units: four one-bedroom apartments and one two-bedroom apartment. Each residence has a separate street address and its own exterior entrance. Interiors retain hardwood flooring, millwork, cabinetry, and other original architectural details. The basement provides shared laundry facilities and additional tenant storage.
The property occupies the corner of 28th and T Streets in Midtown Sacramento. The Sacramento Food Co-Op and Temple Coffee Roasters are two blocks away, as are the on- and off-ramps for Bus80.
The property occupies the corner of 28th and T Streets in Midtown Sacramento. The Sacramento Food Co-Op and Temple Coffee Roasters are two blocks away, as are the on- and off-ramps for Bus80.
Key Highlights
- Five apartments: four one‑bedroom units and one two‑bedroom unit
- Average unit size of 870 square feet
- Two‑story building constructed in 1923
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,565
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,371,300
$1.4M
Cap Rate 7%
$979,500
$979.5K
Cap Rate 9%
$761,833
$761.8K
Market Conditions
NOI Build-Up for 4,365 SF
Gross rent
$131.0K $30.00/SF
− Vacancy
−$6.3K −$1.44/SF
EGI
$124.7K $28.56/SF
− OpEx
−$56.1K −$12.85/SF
NOI
$68.6K $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%
$1,371,300
Cap Rate 7%
$979,500
Cap Rate 9%
$761,833
Alternative Uses
Best Use
Apartment 5plus
$979.5K
$857.1K – $1.14M
NOI $68,565 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,106 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3,411
Businesses Nearby
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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
$789,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Sacramento, CA
Properties on Market for Apartment buildings in Sacramento
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Shared laundry and additional tenant storage are located in the basement.
Where is this apartment building located?
The property is located at 2722 T Street Sacramento, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Five apartments: four one‑bedroom units and one two‑bedroom unit; Average unit size of 870 square feet; Two‑story building constructed in 1923
