1209 U St - Apartments FOR SALE


Sacramento, CA 95818- Southside Park
$1,800,000 USD
916-833-8346
1209 U St, Sacramento, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/2
null | 4.32% Cap Rate

1209 U St
Sacramento, CA 95818
Southside Park


HIGHLIGHTS

  • Single story duplex-style cottages with garages
  • Demand for housing like provided at 1209-1213 U Street will remain strong
  • Original hardwood floors, vintage bathroom tile, individual water heaters, pitched roofs

OVERVIEW

Marcus & Millichap is pleased to present 1209-1213 U Street Apartments for sale in Sacramento, CA. This charming 8-unit property features eight 1Bed/1Bath units spanning 600 square feet each. Situated in the heart of Downtown Sacramento, 1209-1213 Street offers a unique opportunity for investors to acquire a well-located community with significant value-add potential. Single story duplex-style cottages with garages are difficult to find in Downtown Sacramento, especially on a double wide .29-acre lot. Adding garages and laundry hookups to the mix makes this a true gem. The average home payment at the end of 2024 in Sacramento was $3,752, a whopping $1,770 higher than the average apartment rent ($1,982). Demand for housing like provided at 1209-1213 U Street will remain strong and continue to put upward pressure on rental rates given the lack of Multifamily construction starts forecasted. Original hardwood floors? Check. Vintage bathroom tile? Check. No upstairs noise, individual water heaters, pitched roofs and garages? Check. Downtown walkability out your adorable front white gate? Check. These units beg for a new owner to bring retro appliances and fixtures back to the kitchen to complete the appeal. This offering is ideal for investors seeking a value-add opportunity in one of Sacramento’s most desirable submarkets. For access to due diligence materials or to schedule a site tour, please contact the listing agents directly.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

8

PRICE/UNIT

$225,000

CAP RATE

4.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R-3A-SPD

APN/PARCEL ID

009-0141-017

ASK ABOUT THIS PROPERTY

Tony DeLoneyMarcus & MillichapMore Info
916-833-8346

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Tony DeLoneyMarcus & MillichapMore Info
916-833-8346

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.