614 17th St - Apartments FOR SALE


Sacramento, CA 95811- Boulevard Park
$1,000,000 USD
925-878-1218
614 17th St, Sacramento, CA for Sale
$1,000,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

614 17th St
Sacramento, CA 95811
Boulevard Park


HIGHLIGHTS

  • Located in Boulevard Park of Midtown Sacramento
  • Well Maintained & Recently Renovated
  • Off-Street Parking
  • Onsite Laundry Facility

OVERVIEW

Marcus & Millichap is pleased to present 614 17th Street, a thoughtfully renovated four-unit multifamily investment opportunity ideally situated in the highly desirable Boulevard Park neighborhood of Midtown Sacramento—the region's most established and sought-after rental market. The property consists of four spacious one-bedroom, one-bathroom apartments, each offering approximately 600 rentable square feet. Residents enjoy the convenience of gated off-street parking and on-site laundry facilities, amenities that continue to drive resident demand. Recent improvements include new carpet, fresh interior & exterior paint, new tile flooring in the entryways, kitchens, and bathrooms, energy-efficient lighting, and additional interior upgrades. With one unit currently vacant, investors have an immediate opportunity to increase cash flow by leasing the apartment at current market rents or by utilizing the vacancy for owner occupancy. The three occupied units provide stable in-place income while allowing for continued revenue growth through strategic rent increases. Current market comparables indicate approximately 20% loss-to-lease on the occupied units, presenting a clear value-add opportunity for the next owner. All tours must be scheduled through listing agents. Do not disturb management or residents.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$414 USD /SF

# OF UNITS

4

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R-3A-SPD

APN/PARCEL ID

002-0173-011

ASK ABOUT THIS PROPERTY

Ilya PigmanMarcus & MillichapMore Info
925-878-1218

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Ilya PigmanMarcus & MillichapMore Info
925-878-1218

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