Six Apartment Buildings in
701 Plaza Ave, Sacramento, CA 95815
Six apartment buildings in Sacramento's Noralto District.
Type:Retail
Property size:
72,900 SF- Added:
- Mar 18, 2026
- Days on Market:
- 56
- Last Refresh:
- Mar 19 at 11:51 pm
Property Features for 701 Plaza Ave
General Information
- Standard status
- Active
- Size
- 72,900 SF
- Property subtype
- Retail
Listing agent Trevor Meleski License #02245229
Listing office Colliers - Sacramento, California
Listing date Mar 18, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Sacramento, California
HighLights
- Six apartment buildings in a single location offering operational efficiencies.
- Located in the established Noralto District of Old North Sacramento, close to Downtown and Arden‑Arcade.
- Individually metered for gas and electric, allowing for individual billing to tenants.
- Opportunity for increased income through implementation of a Ratio Utility Billing System (RUBS).
- On‑site amenities include garage spaces, off‑street parking, and laundry facilities.
- Proximity to retail, restaurants, and employment centers.
Overview
The subject property comprises six apartment buildings situated on four separate parcels along Plaza Avenue in the Noralto District of Old North Sacramento. Five of the buildings were constructed in 1959, with a smaller six-unit complex added in 1963. The apartments serve Sacramento’s middle-income renter base. Each unit is individually metered for gas and electric and features wall heaters and wall-mounted air conditioning. Interior finishes vary by unit, reflecting updates completed over time. Flooring consists of tile, linoleum, and wood laminate. All units include refrigerators, gas stoves, garbage disposals, Formica countertops, and original cabinetry. Bathrooms are equipped with tub/shower combinations. The property offers six garage spaces, off-street parking, on-site laundry, and an open courtyard layout. The property is in the Noralto District of Old North Sacramento, conveniently positioned between Downtown Sacramento and Arden-Arcade. This area is characterized by midcentury housing stock and remains one of Sacramento’s more affordable rental markets, making it attractive to renters seeking proximity to employment centers, retail, and entertainment. Nearby amenities include Grocery Outlet, King’s Supermarket, and a wide selection of local and national restaurants, including McDonald’s, Carl’s Jr., Taco Bell, Little Caesars, and Popeyes. Market Square at Arden Fair Mall is approximately 2.2 miles away, providing access to the broader Arden-Arcade retail corridor. Downtown Sacramento and the Golden 1 Center are located approximately 5.6 miles from the property. The property size is 72900 square feet. Ownership of six buildings along the same street provides enhanced control over the neighborhood’s appearance, operational efficiencies, simplified maintenance, and reduced competitive pressure from nearby properties.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mirador Apartments
Apartment Building
Plaza Avenue Apartments
Apartment Complex
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.4502976
- Latitude
- 38.6133904
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six apartment buildings in Sacramento's Noralto District.
Where is this apartment building located?
The property is located at 701 Plaza Ave Sacramento, CA.
What are key features of this property?
This property features: Six apartment buildings in a single location offering operational efficiencies.; Located in the established Noralto District of Old North Sacramento, close to Downtown and Arden‑Arcade.; Individually metered for gas and electric, allowing for individual billing to tenants.
