Mixed-Use Building with Coffee
For Sale
$1,195,000
609 16th St, Sacramento, CA 95814
The property combines remodeled residential units, retail coffee space, updated systems, and common tenant laundry.
Property Size3,272 SF
Price / SF$365.22
Days on Market53
Property Features for 609 16th St
General Information
Standard status
Active
Size
3,272 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA, 2 x studio
Multifamily Units
4
Amenities
common laundry area
Building Details
Year Built
1880
Tenancy
Multi
Listing Agency:
North Coast Commercial, Inc.
Listed By:
Timothy P Swanston · License #01887506
(916) 979-9930
Source:
Yoffierealestategroup
Added: Aug 17
Changed: Oct 3
Last Checked: Oct 7 at 4:57PM
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 North Coast Commercial, Inc.
Investment Insights
Based on property information with market context.
Built in 1880, this mixed-use property includes four apartments alongside a retail coffee shop. Two residences are configured as one-bedroom, one-bath apartments, while the remaining two are furnished studios operating as midterm rentals. All four units have been completely remodeled.
Property improvements include a roof replaced within the last 7 years, updated electrical service, and new dual pane windows. Mini split systems provide heating and air conditioning for the apartments. Gas and electric utilities are separately metered for each unit, and a shared laundry area serves the residential occupants.
Property improvements include a roof replaced within the last 7 years, updated electrical service, and new dual pane windows. Mini split systems provide heating and air conditioning for the apartments. Gas and electric utilities are separately metered for each unit, and a shared laundry area serves the residential occupants.
Key Highlights
- Four apartments plus a retail coffee shop at 609‑611 16th St
- Two remodeled 1 bed, 1 bath apartments
- Two furnished studio apartments operating as midterm rentals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,546
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,230,920
$1.2M
Cap Rate 7%
$879,229
$879.2K
Cap Rate 9%
$683,844
$683.8K
Market Conditions
NOI Build-Up for 3,272 SF
Gross rent
$86.4K $26.40/SF
− Vacancy
−$4.3K −$1.32/SF
EGI
$82.1K $25.08/SF
− OpEx
−$20.5K −$6.27/SF
NOI
$61.5K $18.81/SF
Area
Sacramento, CA
Vacancy
5.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,230,920
Cap Rate 7%
$879,229
Cap Rate 9%
$683,844
Alternative Uses
Best Use
Specialty Retail
$879.2K
$769.3K – $1.03M
NOI $61,546 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$734.2K
$642.5K – $856.6K
NOI $51,397 @ 7.0% cap · market cap 4.30%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,744
Businesses Nearby
Explore this area
Business Placement
Demographics for 95814, CA
12,208
Population
7,972
Households
1.5
Avg Household Size
38
Median Age
40%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
8,720
Density / Sq Mi
$46,637
Median Household Income
$57,500
Median Earnings
$1,226
Median Rent
$621,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines remodeled residential units, retail coffee space, updated systems, and common tenant laundry.
Where is this mixed-use property located?
The property is located at 609 16th St Sacramento, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Four apartments plus a retail coffee shop at 609‑611 16th St; Two remodeled 1 bed, 1 bath apartments; Two furnished studio apartments operating as midterm rentals
