Five-Unit Mixed-Use
For Sale
Contact for pricing
609-611 16th St, Sacramento, CA 95814
C-2-zoned building combines residential apartments with a coffee shop commercial unit.
Property Size3,272 SF
Lot Size0.07 Acres
Price / SF$365.22
Days on Market66
Property Features for 609-611 16th St
General Information
Standard status
Active
Size
3,272 SF
Lot size
0.07 Acres
Property subtype
Multifamily
Zoning
C-2
Occupancy
100%
Net Operating Income
$76,615
Additional Details
Cap Rate
6.41%
Multifamily Units
4
Building Details
Year Built
1900
Year Renovated
2019
Buildings
1
Units
5
Tenancy
Multi
Listing Agency:
South Coast Commercial Inc
Listed By:
Tim Swanston · License #CA 01887506
Source:
Crexi
Added: Aug 11
Changed: Oct 5
Last Checked: Oct 14 at 11:44PM
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 South Coast Commercial Inc
Investment Insights
Based on property information with market context.
Located at 609-611 16th St in Sacramento, this mixed-use property contains five units within a 3,272-square-foot building on a 3,202-square-foot parcel. The residential component includes four apartments, each configured as a 1-bedroom, 1-bathroom unit, while the commercial space is occupied by a coffee shop under an NNN lease.
Constructed in 1900, the property is zoned C-2 and offers a current cap rate of 6.41%, a market cap rate of 6.80%, and a current debt coverage ratio of 1.35. The combination of apartment and commercial occupancy provides a clearly defined mixed-use configuration at a Sacramento address.
Constructed in 1900, the property is zoned C-2 and offers a current cap rate of 6.41%, a market cap rate of 6.80%, and a current debt coverage ratio of 1.35. The combination of apartment and commercial occupancy provides a clearly defined mixed-use configuration at a Sacramento address.
Key Highlights
- Five‑unit composition with 4 residential apartments and 1 commercial unit
- Four 1‑bedroom/1‑bathroom residential apartments
- Coffee shop occupies the commercial unit under an NNN lease
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
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 - C-2-zoned building combines residential apartments with a coffee shop commercial unit.
Where is this mixed-use property located?
The property is located at 609-611 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: Five‑unit composition with 4 residential apartments and 1 commercial unit; Four 1‑bedroom/1‑bathroom residential apartments; Coffee shop occupies the commercial unit under an NNN lease
