519 T St - Apartments FOR SALE


Sacramento, CA 95811- Southside Park
$4,500,000 USD
916-724-7366

NO PHOTO

$4,500,000 USD
Apartments - FOR SALE

519 T St
Sacramento, CA 95811
Southside Park


OVERVIEW

Marcus & Millichap proudly presents 519 T Street Apartments for sale in Sacramento, CA. This exceptional 14-unit property comprises 11 modern units constructed in 2016, alongside a renovated Triplex, all situated on a single parcel. The thoughtfully designed floorplans predominantly feature spacious 2Bed/2Bath units, along with one 3Bed/2Bath unit including balconies on the upper levels. Developed by an award-winning local architectural firm, the property is located just blocks from Sacramento’s dynamic Central Business District. Tenants enjoy walking distance access to premier entertainment destinations such as Downtown Commons (DOCO), home of the Golden 1 Center and the Sacramento Kings. Just across the Tower Bridge is Sutter Health Park, home to the Sacramento River Cats and temporarily the Oakland Athletics till 2027.The property also offers proximity to Sacramento's most sought-after restaurants and vibrant nightlife venues. Blending seamlessly into its surroundings, this project serves as a discreet, modern addition to the area’s historic architectural landscape. The tenant base primarily consists of young professionals and California state workers, contributing to the property’s desirability and stability. With the Governor’s recent directive for state employees to return to the office, the already strong rental income demonstrates promising potential for future growth with the current lack of multifamily construction starts forecasted.

FOR SALE DETAILS

PRICE

$4,500,000 USD

# OF UNITS

14

PRICE/UNIT

$321,429

CAP RATE

4.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,843 SF

ZONING

R-4-SPD

APN/PARCEL ID

009-0056-033

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.