310 W Poplar St - Apartments FOR SALE


Stockton, CA 95203- Downtown Stockton
$2,100,000 USD
209-331-3184
310 W Poplar St, Stockton, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/10
null | 8.57% Cap Rate

310 W Poplar St
Stockton, CA 95203
Downtown Stockton


HIGHLIGHTS

  • All 1-BD / 1-BA unit mix catering to strong demand for affordable, easy-to-rent units, with below-market rents offering upside.
  • Well-maintained with recent upgrades including dual-pane windows & updated systems, minimizing near-term capital needs.
  • Strong tenant appeal with laundry on every floor, a manager’s office, & security cameras, plus additional upside through upgrades.

OVERVIEW

The Poplar Place Apartments is a well-maintained 22-unit multifamily property located at 310 W. Poplar Street in Stockton, California. Offered at $2,100,000 with an 8.57% cap rate, based on a projected 1/1/2027 rent increase, the asset presents a stable investment opportunity with solid in-place income in a growing Central Valley market. The property features a desirable unit mix of twenty-two (22) 1-BD / 1-BA units, appealing to consistent demand for affordable and efficient housing. On-site amenities include owned laundry facilities with a laundry room on each floor, a manager’s office, storage/maintenance space, and security cameras. Solar panels installed in 2018 help offset utility expenses, and each floor is equipped with 100-gallon water heaters for added efficiency. Units offer a functional mix of vinyl plank and tile flooring, along with wall heating and air conditioning. Select units include ceiling fans and dishwashers, while all units are equipped with gas stoves, microwaves, and garbage disposals, providing everyday convenience and supporting tenant retention.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$84 USD /SF

# OF UNITS

22

PRICE/UNIT

$95,455

CAP RATE

8.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Poplar Place Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,511 SF

ZONING

RL

APN/PARCEL ID

137-170-11

ASK ABOUT THIS PROPERTY

Adam LucatelloColliersMore Info
209-331-3184

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

Adam LucatelloColliersMore Info
209-331-3184

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