Multifamily
2823 U Street
2823 U St, Sacramento, CA 95817
Listing Price: $1,495,000
Investment Overview
Marcus & Millichap has been retained to list fee simple interest in 2823
U Street, a well-located 10-unit apartment community in one of Sacramento's most desirable urban neighborhoods. Situated just blocks from the vibrant Midtown corridor and in close proximity to East Sacramento, the property benefits from strong tenant demand driven by its walkability, access to major employment centers, and proximity to Sacramento's best dining, retail, and entertainment amenities.
The property offers a compelling value-add opportunity through continued unit renovations and rent growth. Current operations indicate meaningful upside as units are modernized and rents are aligned with surrounding market-rate properties. The underwriting projects a significant increase in net operating income through a combination of rental upside, utility reimbursements, and operational efficiencies, creating a clear path to enhanced cash flow and long-term appreciation.
Please do not disturb management or residents. All tours must be scheduled through the listing agent.
2823 U Street
Investment Highlights
- Value-Add Rental Upside – Opportunity to increase revenue through continued interior renovations, creating significant future income growth.
- Prime Midtown / East Sacramento Location – Highly walkable location near restaurants, nightlife, employment centers, public transportation, and neighborhood amenities that continue to attract quality
- Desirable Unit Mix – Efficient one- and two-bedroom floorplans appeal to Sacramento's largest renter demographic, supporting long-term occupancy and rent growth.
Exclusively Listed By
Listing Price: $1,495,000
Investment Highlights
- Value-Add Rental Upside – Opportunity to increase revenue through continued interior renovations, creating significant future income growth.
- Prime Midtown / East Sacramento Location – Highly walkable location near restaurants, nightlife, employment centers, public transportation, and neighborhood amenities that continue to attract quality
- Desirable Unit Mix – Efficient one- and two-bedroom floorplans appeal to Sacramento's largest renter demographic, supporting long-term occupancy and rent growth.
Investment Overview
Marcus & Millichap has been retained to list fee simple interest in 2823 U Street, a well-located 10-unit apartment community in one of Sacramento's most desirable urban neighborhoods. Situated just blocks from the vibrant Midtown corridor and in close proximity to East Sacramento, the property benefits from strong tenant demand driven by its walkability, access to major employment centers, and proximity to Sacramento's best dining, retail, and entertainment amenities. The property offers a compelling value-add opportunity through continued unit renovations and rent growth. Current operations indicate meaningful upside as units are modernized and rents are aligned with surrounding market-rate properties. The underwriting projects a significant increase in net operating income through a combination of rental upside, utility reimbursements, and operational efficiencies, creating a clear path to enhanced cash flow and long-term appreciation. Please do not disturb management or residents. All tours must be scheduled through the listing agent.
Exclusively Listed By
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