1915 S St - Apartments FOR SALE


Sacramento, CA 95811- Midtown Sacramento
$5,950,000 USD
916-705-8132
1915 S St, Sacramento, CA for Sale
$5,950,000 USD
Apartments - FOR SALE
1/40
null | 5.75% Cap Rate

1915 S St
Sacramento, CA 95811
Midtown Sacramento


HIGHLIGHTS

  • 100% Leased Investment – Fully stabilized asset with both NNN commercial and furnished multifamily income.
  • New Construction (2025) – Four-story mixed-use building totaling ±9,687 SF with elevator and dual stair access.
  • Luxury Residential Component – Six one-bedroom units averaging ±826 SF, each fully furnished with in-unit laundry, private balconies, and digital acce
  • Commercial Component – ±4,730 SF full-service restaurant and rooftop bar leased to established operator The Village of OM under a 10-year NNN lease.
  • Strong Income Performance – $342,203 NOI (5.75% Cap Rate) with scheduled rent growth and CAM recoveries.
  • Modern Amenities – Controlled entry, elevator, tenant HVAC control, private storage, and secured access throughout.

OVERVIEW

An exceptional opportunity to acquire a fully stabilized, newly constructed mixed-use asset in the heart of Midtown Sacramento. Completed in 2025, 1915 S Street offers investors a turnkey four-story property blending high-end multifamily and commercial uses under one roof. The building is 100% leased—anchored by The Village of OM, a long-term NNN tenant operating a destination restaurant and rooftop lounge, complemented by six furnished luxury apartments generating consistent residential income. Positioned just steps from the R Street Corridor and The Ice Blocks, this location benefits from one of Sacramento’s most desirable pedestrian and entertainment environments. With new construction, modern finishes, and dual income streams, this property represents a low-maintenance, yield-driven investment in Sacramento’s most vibrant live-work district.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$614 USD /SF

# OF UNITS

6

PRICE/UNIT

$991,667

CAP RATE

5.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C-2-SP

APN/PARCEL ID

010-0023-007

ASK ABOUT THIS PROPERTY

Chase BurkeROME Real Estate GroupMore Info
916-705-8132

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Chase BurkeROME Real Estate GroupMore Info
916-705-8132

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