25-Unit Apartment
For Sale
$3,700,000
3120 Howe AVE, Sacramento, CA 95821
Residential Income, Sacramento, CA
Property Size15,408 SF
Lot Size0.80 Acres
Price / SF$240.13
Days on Market101
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
Forced Air, Wall Furnace
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1972
Flooring type
Carpet, Laminate, Tile
Building materials
Stucco, Frame
Listing Agency:
HOMECOIN.COM
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Added: Jul 24
Changed: Oct 31
Last Checked: Nov 1 at 1:06AM
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.
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Investment Insights
Based on property information with market context.
This 25-unit apartment property encompasses 15,408 square feet on a 0.8-acre site. Built in 1972, the community features stucco and frame construction, updated kitchens, laminate, carpet, and tile flooring, plus a combination of wall furnace and forced-air heating. Cooling includes central air and ceiling fans, while assigned parking serves the residents. The property has no yard and is connected to public water and public sewer.
The community is located along Howe Avenue in Sacramento’s Arden-Arcade submarket. Its position provides access to Arden Fair Mall, California State University, Sacramento, Kaiser Permanente Medical Center, Cal Expo, Business 80, and Highway 50. The surrounding area includes employment, healthcare, education, retail, dining, and entertainment destinations.
The community is located along Howe Avenue in Sacramento’s Arden-Arcade submarket. Its position provides access to Arden Fair Mall, California State University, Sacramento, Kaiser Permanente Medical Center, Cal Expo, Business 80, and Highway 50. The surrounding area includes employment, healthcare, education, retail, dining, and entertainment destinations.
Key Highlights
- 25‑unit apartment property totaling 15,408 square feet
- 0.8‑acre site with a 1972 construction date
- Updated kitchens with laminate, carpet, and tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$242,029
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,840,580
$4.8M
Cap Rate 7%
$3,457,557
$3.5M
Cap Rate 9%
$2,689,211
$2.7M
Market Conditions
NOI Build-Up for 15,408 SF
Gross rent
$462.2K $30.00/SF
− Vacancy
−$22.2K −$1.44/SF
EGI
$440.1K $28.56/SF
− OpEx
−$198.0K −$12.85/SF
NOI
$242.0K $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 Rate 5%
$4,840,580
Cap Rate 7%
$3,457,557
Cap Rate 9%
$2,689,211
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.
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Lease Details
25
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Explore this area
Business Placement
Demographics for 95821, CA
39,310
Population
16,403
Households
2.4
Avg Household Size
37
Median Age
28%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
5,537
Density / Sq Mi
$58,331
Median Household Income
$41,630
Median Earnings
$1,342
Median Rent
$470,900
Median Home Value
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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 - Well-maintained multifamily property with updated kitchens, assigned parking, and public water and sewer service.
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 apartment property totaling 15,408 square feet; 0.8‑acre site with a 1972 construction date; Updated kitchens with laminate, carpet, and tile flooring
