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Multifamily

519 T Street

519 T St, Sacramento, CA 95811

Listing Price: $4,500,000

Cap Rate
4.73%
Number of Units
14
GRM
12.05
Occupancy
95.0%
Price/Unit
$321,429

Investment 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. 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.

This offering is an ideal opportunity for investors seeking a low-maintenance, newly constructed asset with strong and stable income.

Please contact the listing agents directly for access to the due diligence material and to schedule a site tour.

Investment Highlights

  • Rare 2016 construction investment opportunity
  • Located just blocks from the bustling Central Business District
  • Stable tenant income predominantly from State workers/young professionals

Exclusively Listed By

Multifamily

519 T Street

Listing Price: $4,500,000

Cap Rate
4.73%
Number of Units
14
GRM
12.05
Occupancy
95.0%
Price/Unit
$321,429

Investment Highlights

  • Rare 2016 construction investment opportunity
  • Located just blocks from the bustling Central Business District
  • Stable tenant income predominantly from State workers/young professionals

Investment 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. 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. This offering is an ideal opportunity for investors seeking a low-maintenance, newly constructed asset with strong and stable income. Please contact the listing agents directly for access to the due diligence material and to schedule a site tour.

Exclusively Listed By

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