Investment Overview

Marcus & Millichap is pleased to present Rio Terrace Apartments, a well-maintained 29-unit multifamily community located in the heart of Sacramento’s highly desirable Midtown neighborhood. The property offers a mix of studio, one-, and two-bedroom floor plans with an average unit size of approximately 600 rentable square feet. Rio Terrace represents a rare opportunity to acquire a stabilized asset with proven rental upside in one of the most sought-after submarkets in the region. Long-term ownership has systematically renovated units upon turnover, investing heavily in high-quality finishes. Renovated units feature restored original hardwood floors, quartz countertops, custom decorative cabinetry, stainless steel appliances, and dual-pane windows throughout. The property distinguishes itself from competing assets by offering gated off-street parking, on-site laundry facilities, and a spacious courtyard with mature landscaping, amenities that are increasingly rare in Midtown. One studio unit is currently utilized as a management office; converting this unit back to residential use provides the next owner with immediate income upside. Additionally, Rio Terrace is situated on three separate parcels, presenting a savvy investor with the potential opportunity to subdivide the property and implement a flexible exit strategy. With rental demand remaining strong in Sacramento, the asset’s A+ location further benefits from walkable access to major employment and lifestyle drivers, including Golden 1 Center, DOCO, Sutter Medical Center, and the Railyards Project, the largest urban infill development in the United States.