Apartment Building with Community
915 Johnfer Way Sacramento, CA 95831
915 Johnfer Way, Sacramento, CA, 95831
$5,800,000
Pending
For Sale
$5,800,000
Pending
Multifamily property on a 1.14-acre site offering one- and two-bedroom units, on-site laundry, parking, and a community pool.
Property Size26,569 SF
Lot Size1.14 Acres
Days on Market85
Property Features for 915 Johnfer Way
General Information
- Standard status
- Pending
- Size
- 26,569 SF
- Lot size
- 1.14 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1968
Listing agency
Marcus & Millichap
(650) 492-0934
Listed by
Adam S. Levin · License #01462752
(650) 492-0934
Source
Exitrealty
Added: Apr 29 Updated: Jul 21 at 11:47PM Checked: Jul 21 at 11:47PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
The Colony House Apartments is a multifamily apartment building originally constructed in 1968 on an expansive 1.14-acre parcel. The property includes approximately 26,569 square feet of gross building area and offers a mix of spacious one-bedroom and two-bedroom floor plans. Tenant amenities include on-site laundry, dedicated parking, a sunny community pool, and a tranquil courtyard.
Situated in the Greenhaven neighborhood, the property is located just off Interstate 5, providing quick connectivity to Downtown Sacramento and major employment hubs, along with access to transit options.
For sale as an established residential income asset, the property is positioned within a broader mix of employers and daily conveniences, supporting consistent rental demand.
Situated in the Greenhaven neighborhood, the property is located just off Interstate 5, providing quick connectivity to Downtown Sacramento and major employment hubs, along with access to transit options.
For sale as an established residential income asset, the property is positioned within a broader mix of employers and daily conveniences, supporting consistent rental demand.
Key Highlights
- Multifamily property built in 1968 on a 1.14‑acre parcel
- Approx. 26,569 SF gross building area with 1- and 2‑bedroom floor plans
- On‑site laundry and dedicated parking for residents
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 | $742.9k | $27.96 |
| − Vacancy | −$33.4k | −$1.26 |
| EGI | $709.4k | $26.70 |
| − OpEx | −$319.2k | −$12.02 |
| NOI | $390.2k | $14.69 |
26,569 SF · lease $27.96/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.57M
$4.88M – $6.50M
NOI $390,192 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$207.08M
$181.19M – $241.59M
NOI $14,495,377 @ 7.0% cap · market cap 249.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Colony House Apartments
Apartment Building
Auto Glass USA ...
Auto Repair Shop
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FAQs
What type of property is this?
Multifamily property - Multifamily property on a 1.14-acre site offering one- and two-bedroom units, on-site laundry, parking, and a community pool.
Where is this multifamily property located?
The property is located at 915 Johnfer Way Sacramento, CA.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: Multifamily property built in 1968 on a 1.14‑acre parcel; Approx. 26,569 SF gross building area with 1- and 2‑bedroom floor plans; On‑site laundry and dedicated parking for residents
