616 17th Street — Sale in Sacramento, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Sacramento, CA 95811

Photos

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Investment Figures

Cap rate
4.47%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the exclusive opportunity to acquire 616 17th Street, a well-maintained seven-unit apartment community located in the heart of Midtown Sacramento, one of Northern California's most desirable and supply constrained rental markets. Owned by the same family for the past 23 years, the property reflects exceptional pride of ownership and consistent stewardship, offering investors a stable, well-cared-for asset with dependable in-place income and outstanding long-term fundamentals. The property features exclusively 1- bedroom 1-bathroom units, but with spacious floor plans, attractive curb appeal, garage / off street parking, and an on-site laundry facility. Both the building's exterior and interiors have been meticulously maintained over the years, resulting in minimal deferred maintenance and a turnkey investment opportunity for the next owner. Ideally positioned just blocks from the California State Capitol, the R Street Corridor, Golden 1 Center, and Midtown's renowned collection of restaurants, cafés, and entertainment, residents enjoy one of Sacramento's most walkable and desirable neighborhoods. The property's irreplaceable location, combined with Midtown's historically strong rental demand, provides an excellent foundation for long-term appreciation and stable occupancy. 616 17th Street is available for purchase individually or together with the four-unit sister property located directly across the street at 614 17th Street. Whether acquired as a standalone investment or as part of an eleven-unit portfolio, the offering presents a rare opportunity to own well-maintained multifamily assets in one of Sacramento's premier urban neighborhoods. All tours must be scheduled through the listing agent. Please do not disturb management or residents. Investment Highlights: • Premier Midtown Sacramento Location - Boulevard Park • Value Add Opportunity - 10% Loss-to-lease • Thoughtfully Renovated • Onsite Laundry Facility • Attached 2-

Market Context

This multifamily in Sacramento, CA is listed for sale. It is offered at an approximate 4.5% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Sacramento, CA — view the full market.

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