Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multifamily Property with Good Cashflow Title is generated by Realmo AI

    6006-6012 Martin Luther King Jr Blvd, Sacramento, CA 95824

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    14-unit multifamily property with good cash flow and high occupancy.

    Type:Multifamily
    Property size:
    10,215 SF
    Price / SF:
    $230/SF
    Added:
    May 9, 2026
    Days on Market:
    27
    Last Refresh:
    May 14 at 9:20 pm

    Property Features for 6006-6012 Martin Luther King Jr Blvd

    General Information

    Standard status
    Active
    Size
    10,215 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1957

    We can help!

    Listing Contact
    Frankie Thornton

    Listing agent Frankie Thornton License #CA 01250086

    Listing office Arriaga Real Estate

    Listing date May 9, 2026

    Source Crexi

    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 Arriaga Real Estate

    HighLights

    • Good cash flow
    • 100% occupied
    • Updated electrical
    • Most units updated
    • Exterior freshly painted with completed repairs
    • Convenient location: close to shopping, schools, freeway, and transportation

    Overview

    This multifamily property features 14 units and is currently 100% occupied, offering good cash flow. The exterior has been freshly painted, and repairs have been completed. Electrical systems have been updated, and most units have been renovated. Parking is available on the property and on the street. The property is located within one mile of local shopping, schools, freeways, and transportation options. The building has a total size of 10215 square feet.

    Local 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 $306.5k $30.00
    − Vacancy −$14.7k −$1.44
    EGI $291.7k $28.56
    − OpEx −$131.3k −$12.85
    NOI $160.5k $15.71
    10,215 SF · lease $30.00/SF/yr · vacancy 4.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $2.29M
    $2.01M – $2.67M (±1% cap)
    NOI $160,457 @ 7.0% cap · market cap 6.83%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $2.74M
    $2.40M – $3.20M (±1% cap)
    NOI $192,144 @ 7.0% cap · market cap 8.18%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.464715
    Latitude
    38.517163

    Nearby Similar for Sale

    • $165,000
      329 SF

      Downtown Sacramento Office Condo

      Ground-floor office condo with private parking in Downtown Sacramento.
      500 N Street, Sacramento, CA 95814
      View Details
    • $850,000

      Historic Victorian Office Building

      Renovated Victorian office building offering multiple leaseable spaces near the state capital.
      2200 L ST, SACRAMENTO, CA 95816
      View Details
    • $750,000
      3,738 SF

      Rosemont Fourplex Investment Opportunity

      Fourplex in desirable Rosemont neighborhood, Sacramento. Close to amenities.
      2840 Norcade Cir, Sacramento, CA 95826
      View Details
    • $557,000
      2,028 SF

      Two-Unit Duplex Residential Income

      Duplex property suited for owner-occupancy with rental income potential, offered as part of a five-duplex portfolio.
      4801 Mary Kate DR, SACRAMENTO, CA 95841
      View Details
    • $465,000
      1,404 SF

      Duplex with Attached Garages and Laundry

      One-story duplex with two 2-bedroom units, central heat/air, attached garages, and separate outdoor living spaces.
      1852 Grand AVE, SACRAMENTO, CA 95838
      View Details
    • $560,000
      1,614 SF

      Duplex Residential Income Opportunity

      Two-unit residential income property offered individually or as part of a five-duplex portfolio package.
      4917 Orchid WAY, SACRAMENTO, CA 95841
      View Details
    • $557,000
      2,028 SF

      Duplex Income Property

      Two-unit duplex in Sacramento, offering a live-in option with rental income potential as part of a five-duplex portfolio.
      5505 Missie WAY, SACRAMENTO, CA 95841
      View Details
    • $557,000
      2,028 SF

      Duplex Residential Income Property

      For-sale duplex with two units on a small lot, offered as part of a five-duplex portfolio.
      5509 Missie WAY, SACRAMENTO, CA 95841
      View Details
    • $875,000
      3,008 SF

      North Oak Park Fourplex Opportunity

      Fourplex in North Oak Park, Sacramento, with strong rental potential.
      3208 2nd Ave, Sacramento, CA 95817
      View Details
    • $575,000
      1,935 SF

      Duplex Investment Property

      Zoned RD-10 duplex on a small lot, offering a straightforward owner-occupant or rental setup.
      4900 Summerwood CIR, SACRAMENTO, CA 95841
      View Details
    • $650,000
      3,224 SF

      Two-Story Commercial Building in Curtis Park

      Two-story commercial building with office and retail space.
      2724 24th Street, Sacramento, CA, 95818
      View Details
    • $6,841,000
      14,257 SF

      Sacramento Retail Asset in TowneCentre

      Multi-tenant retail asset in a high-visibility Sacramento location.
      6005 Florin Rd, Sacramento, CA 95823
      View Details

    FAQs

    What type of property is this?
    Apartment building - 14-unit multifamily property with good cash flow and high occupancy.
    Where is this apartment building located?
    The property is located at 6006-6012 Martin Luther King Jr Blvd Sacramento, CA.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: Good cash flow; 100% occupied; Updated electrical
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Frankie Thornton
    Real Estate License ID: CA 01250086
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6006-6012 Martin Luther King Jr Blvd, Sacramento, CA 95824
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!