For-Sale Apartment
For Sale
$7,100,000
916 22nd St, Sacramento, CA 95816
For-sale multifamily apartment building at 916 22nd Street with level topography.
Property Size29,558 SF
Price / SF$240.21
Days on Market99
Property Features for 916 22nd St
General Information
Standard status
Active
Size
29,558 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Boulevard Park
Building Details
Year Built
1924
Listing Agency:
Ken Turton, Broker
Listed By:
Jon M Lang · License #01934934
(916) 710-0753
Source:
Yoffierealestategroup
Added: Jul 17
Changed: Oct 12
Last Checked: Oct 7 at 12:54PM
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 Ken Turton, Broker
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale apartment building is classified as a multifamily residential income property. The site is described as level, offering straightforward development characteristics.
The property is located at 916 22nd Street in Sacramento, CA 95816, with J Street identified as the cross street. The listing also notes it falls within the Sacramento Unified School District for senior high and middle or junior school.
While no unit configuration or additional building improvements are provided in the available information, this asset presents as a level multifamily offering for buyers evaluating residential income property options in the Sacramento area.
The property is located at 916 22nd Street in Sacramento, CA 95816, with J Street identified as the cross street. The listing also notes it falls within the Sacramento Unified School District for senior high and middle or junior school.
While no unit configuration or additional building improvements are provided in the available information, this asset presents as a level multifamily offering for buyers evaluating residential income property options in the Sacramento area.
Key Highlights
- 42‑unit multifamily apartment building at 916 22nd Street
- Year built 1924 with brick, stucco, and wood construction
- 8 covered carport parking spaces (total parking: 8) with covered and street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$464,297
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,285,940
$9.3M
Cap Rate 7%
$6,632,814
$6.6M
Cap Rate 9%
$5,158,856
$5.2M
Market Conditions
NOI Build-Up for 29,558 SF
Gross rent
$886.7K $30.00/SF
− Vacancy
−$42.6K −$1.44/SF
EGI
$844.2K $28.56/SF
− OpEx
−$379.9K −$12.85/SF
NOI
$464.3K $15.71/SF
Area
Sacramento, CA
Vacancy
4.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,285,940
Cap Rate 7%
$6,632,814
Cap Rate 9%
$5,158,856
Alternative Uses
Best Use
Apartment 5plus
$6.63M
$5.80M – $7.74M
NOI $464,297 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.94M
$6.95M – $9.27M
NOI $555,986 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
6,430
Businesses Nearby
Explore this area
Business Placement
Demographics for 95816, CA
18,606
Population
11,553
Households
1.6
Avg Household Size
36
Median Age
65%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
6,891
Density / Sq Mi
$90,521
Median Household Income
$61,407
Median Earnings
$1,647
Median Rent
$789,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - For-sale multifamily apartment building at 916 22nd Street with level topography.
Where is this apartment building located?
The property is located at 916 22nd St Sacramento, CA.
What is the asking price?
The asking price for this property is $7,100,000.
What are key features of this property?
This property features: 42‑unit multifamily apartment building at 916 22nd Street; Year built 1924 with brick, stucco, and wood construction; 8 covered carport parking spaces (total parking: 8) with covered and street parking
