25-Unit Apartment
3120 Howe AVE Sacramento, CA 95821
New
For Sale
$3,700,000
MULTI_FAMILY - Sacramento, CA
Property Size15,408 SF
Lot Size0.80 Acres
Price / SF$240.13
Days on Market6
Property Features for 3120 Howe AVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Assigned
Security features
Security
Interior features
Updated Kitchen
Exterior features
No Yard
Standard status
Active
APN
2660032022000
Size
15,408 SF
Lot size
0.80 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace, Forced Air
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1972
Flooring type
Carpet, Tile, Laminate
Building materials
Stucco, Frame
Listing Agency:
HOMECOIN.COM
(888) 400-2513
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Added: Jul 24
Last Checked: Jul 29 at 8:06AM
MLS# 41142692
Copyright © 2026 bridgeMLS. 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.
Golden Tee Apartments is a well-maintained 25-unit multifamily community offered for sale at 3120 Howe Ave, Sacramento, CA 95821. The property sits on approximately 0.8 acres and totals about 15,408 square feet.
Located along the Howe Avenue corridor, the community offers access to major employment, retail, and healthcare destinations. The remarks note convenient proximity to Arden Fair Mall, California State University, Sacramento, Kaiser Permanente Medical Center, Cal Expo, and the Business 80 and Highway 50 freeway corridors.
As an income-producing apartment property, Golden Tee Apartments is positioned for long-term residential occupancy in an established Arden-Arcade submarket.
Located along the Howe Avenue corridor, the community offers access to major employment, retail, and healthcare destinations. The remarks note convenient proximity to Arden Fair Mall, California State University, Sacramento, Kaiser Permanente Medical Center, Cal Expo, and the Business 80 and Highway 50 freeway corridors.
As an income-producing apartment property, Golden Tee Apartments is positioned for long-term residential occupancy in an established Arden-Arcade submarket.
Key Highlights
- 25‑unit multifamily property built in 1972
- Updated kitchen interiors
- Central air and ceiling fans, plus wall furnace and forced‑air heating
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 | $462.2k | $30.00 |
| − Vacancy | −$22.2k | −$1.44 |
| EGI | $440.1k | $28.56 |
| − OpEx | −$198.0k | −$12.85 |
| NOI | $242.0k | $15.71 |
15,408 SF · lease $30.00/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.46M
$3.03M – $4.03M
NOI $242,029 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.14M
$3.62M – $4.83M
NOI $289,824 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 25-unit multifamily property along Howe Avenue in Sacramento’s Arden-Arcade area.
Where is this apartment building located?
The property is located at 3120 Howe AVE Sacramento, CA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 25‑unit multifamily property built in 1972; Updated kitchen interiors; Central air and ceiling fans, plus wall furnace and forced‑air heating
