2216 O St - Apartments FOR SALE


Sacramento, CA 95816- Midtown Sacramento
$1,605,000 USD
916-724-7366
2216 O St, Sacramento, CA for Sale
$1,605,000 USD
Apartments - FOR SALE
1/2
null | 3.56% Cap Rate

2216 O St
Sacramento, CA 95816
Midtown Sacramento


HIGHLIGHTS

  • Major upside in market rents with Loss to Lease of roughly $550 across the board
  • Located in the heart of Midtown Sacramento
  • Large garage onsite with ADU potential to boost income

OVERVIEW

Marcus & Millichap is pleased to present 2216 O Street Apartments for sale in Sacramento, CA. This charming 9-unit property features eight 1Bed/1Bath units spanning 650 square feet each, alongside a spacious 2Bed/1Bath unit measuring 800 square feet. Situated in the heart of Midtown Sacramento, 2216 O Street offers a unique opportunity for investors to acquire a well-located community with significant value-add potential. Long-term ownership has maintained below market rents to reduce turnover, positioning this property as an outstanding investment opportunity. The interiors retain their original character, showcasing oak hardwood floors, metal and tile countertops, and ample storage. With an average rent of $1,100 per unit, the property presents an exceptional chance to capture a demonstrated $500–$600 per unit in loss-to-lease upside with minimal renovations required upon turnover. Additional income is generated through on-site laundry facilities and a spacious garage available for storage. This offering is ideal for investors seeking a value-add opportunity in one of Sacramento’s most desirable submarkets.

FOR SALE DETAILS

PRICE

$1,605,000 USD

PRICE/SF

$247 USD /SF

# OF UNITS

9

PRICE/UNIT

$178,333

CAP RATE

3.56%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,403 SF

ZONING

R3A, Sacramento

APN/PARCEL ID

007-0254-006

ASK ABOUT THIS PROPERTY

Sutter McLoughlinMarcus & MillichapMore Info
916-724-7366

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Sutter McLoughlinMarcus & MillichapMore Info
916-724-7366

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