Repositioned Multifamily
For Sale
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3000 T ST, Sacramento, CA 95816
Newly completed adaptive-reuse building with ten fully leased units, modernized systems, and 100% occupancy.
Property Size7,900 SF
Price / SF$360.13
Days on Market131
Property Features for 3000 T ST
General Information
Standard status
Active
Size
7,900 SF
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$162,919
Site & Location
Neighborhood
Alhambra Triangle
Highway Access
Yes
Additional Details
Cap Rate
5.25%
Multifamily Units
10
Building Details
Year Built
1981
Year Renovated
2026
Stories
2
Tenancy
Multi
Listing Agency:
PDF Commercial
Listed By:
Jon Bias · License #01998325
(916) 508-9556
Source:
Crexi
Added: Jun 15
Changed: Oct 23
Last Checked: Oct 23 at 6:05AM
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 PDF Commercial
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Investment Insights
Based on property information with market context.
3000 T St is a newly completed adaptive-reuse multifamily property consisting of ten fully leased residential units. Originally an office property, the building was comprehensively repositioned to residential, with substantial upgrades to major building systems and interior components. Improvements include MEP infrastructure updates, roof improvements, interior finish upgrades, accessibility components, and contemporary residential amenities designed to support day-to-day living.
The property is located strategically between Midtown and East Sacramento within Sacramento’s core infill neighborhoods, with access to Downtown Sacramento and nearby employment and healthcare destinations, including UC Davis Medical Center. The asset also benefits from proximity to major regional routes, including Highway 50 and Business 80, supporting convenient connectivity to the broader Sacramento metro area.
Currently 100% occupied following lease-up completion, the building is presented as a stabilized, low-maintenance multifamily investment with limited anticipated near-term capital requirements. The unit mix was intentionally designed to appeal to a broad tenant demographic seeking proximity to Midtown, East Sacramento, Downtown, and major regional employment hubs. For buyers evaluating the immediate area, an adjacent parcel to the north is in the entitlement process for a proposed 28-unit multifamily development, which may further contribute to increased residential density in the surrounding corridor.
The property is located strategically between Midtown and East Sacramento within Sacramento’s core infill neighborhoods, with access to Downtown Sacramento and nearby employment and healthcare destinations, including UC Davis Medical Center. The asset also benefits from proximity to major regional routes, including Highway 50 and Business 80, supporting convenient connectivity to the broader Sacramento metro area.
Currently 100% occupied following lease-up completion, the building is presented as a stabilized, low-maintenance multifamily investment with limited anticipated near-term capital requirements. The unit mix was intentionally designed to appeal to a broad tenant demographic seeking proximity to Midtown, East Sacramento, Downtown, and major regional employment hubs. For buyers evaluating the immediate area, an adjacent parcel to the north is in the entitlement process for a proposed 28-unit multifamily development, which may further contribute to increased residential density in the surrounding corridor.
Key Highlights
- 10‑unit multifamily property from 1981 with a newly completed office‑to‑residential adaptive reuse
- 100% occupied with all units leased following lease‑up completion
- Offered at a 5.25% cap rate based on in‑place income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,093
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,481,860
$2.5M
Cap Rate 7%
$1,772,757
$1.8M
Cap Rate 9%
$1,378,811
$1.4M
Market Conditions
NOI Build-Up for 7,900 SF
Gross rent
$237.0K $30.00/SF
− Vacancy
−$11.4K −$1.44/SF
EGI
$225.6K $28.56/SF
− OpEx
−$101.5K −$12.85/SF
NOI
$124.1K $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%
$2,481,860
Cap Rate 7%
$1,772,757
Cap Rate 9%
$1,378,811
Alternative Uses
Best Use
Apartment 5plus
$1.77M
$1.55M – $2.07M
NOI $124,093 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.12M
$1.86M – $2.48M
NOI $148,599 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
10
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,203
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Newly completed adaptive-reuse building with ten fully leased units, modernized systems, and 100% occupancy.
Where is this apartment building located?
The property is located at 3000 T ST Sacramento, CA.
What is the asking price?
The asking price for this property is $2,845,000.
What are key features of this property?
This property features: 10‑unit multifamily property from 1981 with a newly completed office‑to‑residential adaptive reuse; 100% occupied with all units leased following lease‑up completion; Offered at a 5.25% cap rate based on in‑place income
