Six-Unit Apartment
For Sale
$1,285,000
2749 Fairfield Street, Sacramento, CA 95815
Residential Income, Sacramento, CA
Property Size3,186 SF
Lot Size0.39 Acres
Price / SF$403.33
Days on Market87
Property Features for 2749 Fairfield Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 2
Parking
6
Lot features
Sidewalk, Curb(s)
Elementary school district
Sacramento Unified
Middle school district
Sacramento Unified
High school district
Sacramento Unified
Directions
From Altos Ave, turn left on Eleanor Ave. then right on Fairfield St.
Subdivision
Sacto Arden/Arcade Creek/Vicinity:10815
Standard status
Active
APN
26301320330000
Size
3,186 SF
Lot size
0.39 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Number of units
6
Flooring type
Laminate
Building materials
Wood Siding, Wood
Listing Agency:
Luxe Places International Realty
(707) 544-6000
Listed By:
Julio Caceres · License #01863748
(707) 239-4846
Added: Jun 5
Changed: Aug 19
Last Checked: Aug 30 at 12:06PM
MLS# 226062640
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This apartment property contains six units, with each residence configured as one bedroom and one bathroom. The 3,186-square-foot building was constructed in 1958 and features wood siding, laminate flooring, and central heating. Public water and public sewer serve the property, which occupies a 0.3914-acre lot in Sacramento, California.
The property is zoned R-1. Section 8 is welcomed, providing a stated leasing consideration for prospective residents. Its six-unit format and consistent one-bedroom, one-bathroom layout offer a clearly defined residential configuration for multifamily ownership.
The property is zoned R-1. Section 8 is welcomed, providing a stated leasing consideration for prospective residents. Its six-unit format and consistent one-bedroom, one-bathroom layout offer a clearly defined residential configuration for multifamily ownership.
Key Highlights
- Six apartment units, each with 1 bedroom and 1 bathroom
- 3,186 square feet on a 0.3914‑acre lot
- Constructed in 1958 with wood siding
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,046
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,000,920
$1.0M
Cap Rate 7%
$714,943
$714.9K
Cap Rate 9%
$556,067
$556.1K
Market Conditions
NOI Build-Up for 3,186 SF
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.
Gross rent
$95.6K $30.00/SF
− Vacancy
−$4.6K −$1.44/SF
EGI
$91.0K $28.56/SF
− OpEx
−$40.9K −$12.85/SF
NOI
$50.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,000,920
Cap Rate 7%
$714,943
Cap Rate 9%
$556,067
Alternative Uses
Best Use
Apartment 5plus
$714.9K
$625.6K – $834.1K
NOI $50,046 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$856.1K
$749.1K – $998.8K
NOI $59,929 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Explore this area
Business Placement
Demographics for 95815, CA
27,838
Population
10,527
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
79%
High-School Grad
7.7 sq mi
ZIP Area
3,615
Density / Sq Mi
$58,590
Median Household Income
$37,199
Median Earnings
$1,448
Median Rent
$298,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Wood-sided property with central heating, laminate flooring, and public water and sewer service.
Where is this apartment building located?
The property is located at 2749 Fairfield Street Sacramento, CA.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: Six apartment units, each with 1 bedroom and 1 bathroom; 3,186 square feet on a 0.3914‑acre lot; Constructed in 1958 with wood siding
