Fourplex with Vacant Upper
New
For Sale
$1,000,000
627 T Street, Sacramento, CA 95811
Three apartments are leased, including two month-to-month agreements and one one-year lease.
Property Size2,400 SF
Price / SF$416.67
Days on Market5
Property Features for 627 T Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Residential Income
Zoning
R-3A
Site & Location
Neighborhood
Southside Park
Highway Access
Yes
Additional Details
Multifamily Units
4
Amenities
on-site laundry
Building Details
Building Size
2,400 SF
Year Built
1957
Buildings
1
Stories
2
Units
4
Listing Agency:
Windermere Signature Properties LP
4533333
Listed By:
Rachel E Siemering
(916) 838-7594
Source:
Bellavierealestate
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 22 at 2:23PM
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 Windermere Signature Properties LP
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Investment Insights
Based on property information with market context.
This 2,400-square-foot fourplex was built in 1957 and is zoned R-3A. Three of its four apartments are occupied: two on month-to-month terms and one under a one-year lease. The upstairs apartment is vacant and faces Southside Park. Shared laundry is available on site.
The property is directly across from Southside Park and a few blocks from downtown Sacramento. I-80, Highway 50, and I-5 are accessible from the area. Nearby destinations listed include the R Street Corridor, DOCO, Broadway, the Sunday Farmers Market, restaurants, coffee shops, and entertainment.
The property is directly across from Southside Park and a few blocks from downtown Sacramento. I-80, Highway 50, and I-5 are accessible from the area. Nearby destinations listed include the R Street Corridor, DOCO, Broadway, the Sunday Farmers Market, restaurants, coffee shops, and entertainment.
Key Highlights
- Four units; three currently leased
- 2,400 square feet; built in 1957
- Vacant upstairs apartment faces Southside Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,960
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,200
$819.2K
Cap Rate 7%
$585,143
$585.1K
Cap Rate 9%
$455,111
$455.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$61.9K $25.80/SF
− Vacancy
−$3.4K −$1.42/SF
EGI
$58.5K $24.38/SF
− OpEx
−$17.6K −$7.31/SF
NOI
$41.0K $17.07/SF
Area
Sacramento, CA
Vacancy
5.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,200
Cap Rate 7%
$585,143
Cap Rate 9%
$455,111
Alternative Uses
Best Use
Multifamily LT 5
$585.1K
$512.0K – $682.7K
NOI $40,960 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$538.6K
$471.2K – $628.3K
NOI $37,699 @ 7.0% cap · market cap 3.77%
Theoretical Best
Specialty Retail
$644.9K
$564.3K – $752.4K
NOI $45,144 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,196
Businesses Nearby
Explore this area
Business Placement
Demographics for 95811, CA
12,463
Population
5,085
Households
2.5
Avg Household Size
37
Median Age
54%
College-Educated
93%
High-School Grad
2.3 sq mi
ZIP Area
5,419
Density / Sq Mi
$77,760
Median Household Income
$59,641
Median Earnings
$1,564
Median Rent
$707,900
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?
Quadplex - Three apartments are leased, including two month-to-month agreements and one one-year lease.
Where is this quadplex located?
The property is located at 627 T Street Sacramento, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Four units; three currently leased; 2,400 square feet; built in 1957; Vacant upstairs apartment faces Southside Park
