614 17th St — 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
3.46%

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 614 17th Street, a thoughtfully renovated four-unit multifamily investment opportunity ideally situated in the highly desirable Boulevard Park neighborhood of Midtown Sacramento—the region's most established and sought-after rental market. The property consists of four spacious one-bedroom, one-bathroom apartments, each offering approximately 600 rentable square feet. Residents enjoy the convenience of gated off-street parking and on-site laundry facilities, amenities that continue to drive resident demand. Recent improvements include new carpet, fresh interior & exterior paint, new tile flooring in the entryways, kitchens, and bathrooms, energy-efficient lighting, and additional interior upgrades. With one unit currently vacant, investors have an immediate opportunity to increase cash flow by leasing the apartment at current market rents or by utilizing the vacancy for owner occupancy. The three occupied units provide stable in-place income while allowing for continued revenue growth through strategic rent increases. Current market comparables indicate approximately 20% loss-to-lease on the occupied units, presenting a clear value-add opportunity for the next owner. All tours must be scheduled through listing agents. Do not disturb management or residents. Investment Highlights: • Located in Boulevard Park of Midtown Sacramento • Well Maintained & Recently Renovated • Off-Street Parking • Onsite Laundry Facility

Market Context

This multifamily in Sacramento, CA is listed for sale. It is offered at an approximate 3.5% 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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