Low-Rise Multifamily with Ground-Floor
93 South 2nd Street Rio Vista, CA 94571
93 South 2nd Street, Rio Vista, CA, 94571
$4,595,000
For Sale
$4,595,000
Completely renovated 15-unit three-story complex with private parking and ground-floor office/retail units with private baths.
Property Size19,908 SF
Price / SF$230.81
Days on Market252
Property Features for 93 South 2nd Street
General Information
- Standard status
- Active
- Size
- 19,908 SF
- Property subtype
- 5+ Units / Five or More Units
Building Details
- Year Built
- 2023
Listing agency
Realty World-Hirsch & Assoc.
(650) 219-7299
Listed by
Jack Hirsch · License #01243560
(650) 219-7299
Source
Compass
Added: Nov 11, 2025 Updated: Jul 20 at 4:49PM Checked: Jul 21 at 7:04AM
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 Realty World-Hirsch & Assoc.
Investment Insights
Based on property information with market context.
93 S. 2nd St is a low-rise, three-story 15-unit multifamily/retail complex offering small residential units alongside three ground-floor office/retail units. The listing includes total of three separate parcels totaling 12,824 sq ft. The apartments were completely renovated in 2023 and feature hardwood-style vinyl flooring, large closets, double-pane windows for natural light, quartz countertops, and stainless-steel appliances. Unit mix includes nine 1-bed units and three 2-bed units, with several plans offering a den and/or spacious patio or balcony, and many units showcasing Sacramento River views. Building amenities include a community patio/picnic area, a shared coin-operated laundry room with two washer/dryer combos, one assigned space per unit in a large parking lot, a large ADA elevator, key-less secure entry, and security cameras throughout.
The property sits on the corner of S. 2nd Street and Montezuma. It is within walking distance of Downtown Rio Vista shopping, grocery, restaurants, and nightlife, with a park, playground, and river walks also nearby.
On the ground floor, the complex provides three separate office/retail units, and each includes a private bathroom.
The property sits on the corner of S. 2nd Street and Montezuma. It is within walking distance of Downtown Rio Vista shopping, grocery, restaurants, and nightlife, with a park, playground, and river walks also nearby.
On the ground floor, the complex provides three separate office/retail units, and each includes a private bathroom.
Key Highlights
- 2023‑built, three‑story 15‑unit multifamily/retail complex with private parking lot
- Unit mix: 9 one‑bed units and 3 two‑bed units (plus 3 office/retail units on the ground floor), all completely renovated in 2023
- Smart upgrades across residential units: hardwood‑style vinyl flooring, double‑pane windows, quartz countertops, and stainless‑steel appliances
Local Financial Insights For Office B
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 | $525.6k | $26.40 |
| − Vacancy | −$81.5k | −$4.09 |
| EGI | $444.1k | $22.31 |
| − OpEx | −$111.0k | −$5.58 |
| NOI | $333.1k | $16.73 |
19,908 SF · lease $26.40/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.76M
$4.16M – $5.55M
NOI $333,081 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$4.32M
$3.78M – $5.03M
NOI $302,098 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$6.64M
$5.81M – $7.75M
NOI $465,025 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Green Door Document ...
Law Firm
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FAQs
What type of property is this?
Apartment building - Completely renovated 15-unit three-story complex with private parking and ground-floor office/retail units with private baths.
Where is this apartment building located?
The property is located at 93 South 2nd Street Rio Vista, CA.
What is the asking price?
The asking price for this property is $4,595,000.
What are key features of this property?
This property features: 2023‑built, three‑story 15‑unit multifamily/retail complex with private parking lot; Unit mix: 9 one‑bed units and 3 two‑bed units (plus 3 office/retail units on the ground floor), all completely renovated in 2023; Smart upgrades across residential units: hardwood‑style vinyl flooring, double‑pane windows, quartz countertops, and stainless‑steel appliances
