West Sacramento Multifamily Investment
For Sale
$1,125,000
513-521 North Harbor Boulevard West, Sacramento, CA 95605
Seven-unit multifamily property in West Sacramento, near Interstate 80.
Property Size5,130 SF
Lot Size0.77 Acres
Price / SF$219.30
Days on Market264
Property Features for 513-521 North Harbor Boulevard West
General Information
Standard status
Active
Size
5,130 SF
Lot size
0.77 Acres
Property subtype
Multifamily
Building Details
Year Built
1961
Units
2
Listed By:
Will Blucher · License #CalDRE #01811673
(916) 747-9136
Source:
Nmrk
Added: Jan 27
Changed: Oct 15
Last Checked: Oct 16 at 7:05AM
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 Will Blucher
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Investment Insights
Based on property information with market context.
This multifamily community features two buildings with a total of seven units, situated on a 0.77-acre parcel. The unit mix includes one one-bedroom/one-bathroom unit and six two-bedroom/one-bathroom units. The property is located in West Sacramento and was built in 1961. The 5,130 square feet building is fully occupied. The property is located a 2-minute drive from Interstate 80, providing convenient access to employment centers. Additionally, it is less than one mile from West Sacramento’s regional power center, which includes major national tenants such as IKEA, Walmart, Home Depot, Ross, In & Out, and Chipotle.
Key Highlights
- High Proforma Cap Rate: 8.03%
- 100% Occupancy
- Potential to Increase Rents: Average in‑place rents are $1,543, while average market rents are $1,771.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,582
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,611,640
$1.6M
Cap Rate 7%
$1,151,171
$1.2M
Cap Rate 9%
$895,356
$895.4K
Market Conditions
NOI Build-Up for 5,130 SF
Gross rent
$153.9K $30.00/SF
− Vacancy
−$7.4K −$1.44/SF
EGI
$146.5K $28.56/SF
− OpEx
−$65.9K −$12.85/SF
NOI
$80.6K $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%
$1,611,640
Cap Rate 7%
$1,151,171
Cap Rate 9%
$895,356
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,582 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,495 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Explore this area
Business Placement
Demographics for 95605, CA
14,204
Population
5,517
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
79%
High-School Grad
3.9 sq mi
ZIP Area
3,642
Density / Sq Mi
$71,361
Median Household Income
$41,665
Median Earnings
$1,615
Median Rent
$375,500
Median Home Value
Check the figures for this property
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 - Seven-unit multifamily property in West Sacramento, near Interstate 80.
Where is this apartment building located?
The property is located at 513-521 North Harbor Boulevard West Sacramento, CA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: High Proforma Cap Rate: 8.03%; 100% Occupancy; Potential to Increase Rents: Average in‑place rents are $1,543, while average market rents are $1,771.
