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Multifamily

1213 18th Street

1213 18th St, Sacramento, CA 95811

Listing Price: $975,000

Cap Rate
5.19%
Number of Units
4
Occupancy
97.0%
Price/Unit
$243,750
Price/Gross SF
$432.95
Gross SF
2,252

Investment Overview

Marcus & Millichap is pleased to announce the sale of 1213 18th Street. The property's location is difficult to beat, located in the heart of midtown Sacramento, and conveniently located minutes and walking distance from entertainment, parks, the state capitol, and high-end restaurants including Aioli's Bodega Espanola next door. The property consists of a highly desirable unit-mix of one studio, and three one-bedroom/one-bathroom units. The backyard, porch, patio, and balcony are private and shared common spaces for tenants living in the building. Sacramento is home to the state capitol, and making the state the area's largest employer. Sacramento offers creative advantages to businesses, resilient employment opportunities to the population, and expands residential needs to the community. The University of California, Davis, and California State University, Sacramento foster an educated workforce that draws new companies and people to the market. The city of Sacramento alone has the biggest population in the area at approximately 525,000 residents and the region offers a tremendous number of recreational activities with many sports teams calling Sacramento home. Also, just a short distance from Lake Tahoe and Napa Valley, the area offers various cultural opportunities to discover. Those looking for a better quality of life and the freedom to enjoy the outdoors will find it in Sacramento. All tours must be scheduled with the listing agent. Please do not disturb tenants.

Investment Highlights

  • Highly Desirable Unit Mix: One Studio, Three One-Bedroom Units
  • Strong Location in Midtown Sacramento with Old School Victorian Charm
  • Walking Distance From the Best Restaurants in Town, Nightlife of Sacramento, McKinley Park, and State Capitol
  • Outdoor Private and Shared Space Including Backyard, Porch, and Patio

Exclusively Listed By

Multifamily

1213 18th Street

Listing Price: $975,000

Cap Rate
5.19%
Number of Units
4
Occupancy
97.0%
Price/Unit
$243,750
Price/Gross SF
$432.95
Gross SF
2,252

Investment Highlights

  • Highly Desirable Unit Mix: One Studio, Three One-Bedroom Units
  • Strong Location in Midtown Sacramento with Old School Victorian Charm
  • Walking Distance From the Best Restaurants in Town, Nightlife of Sacramento, McKinley Park, and State Capitol
  • Outdoor Private and Shared Space Including Backyard, Porch, and Patio

Investment Overview

Marcus & Millichap is pleased to announce the sale of 1213 18th Street. The property's location is difficult to beat, located in the heart of midtown Sacramento, and conveniently located minutes and walking distance from entertainment, parks, the state capitol, and high-end restaurants including Aioli's Bodega Espanola next door. The property consists of a highly desirable unit-mix of one studio, and three one-bedroom/one-bathroom units. The backyard, porch, patio, and balcony are private and shared common spaces for tenants living in the building. Sacramento is home to the state capitol, and making the state the area's largest employer. Sacramento offers creative advantages to businesses, resilient employment opportunities to the population, and expands residential needs to the community. The University of California, Davis, and California State University, Sacramento foster an educated workforce that draws new companies and people to the market. The city of Sacramento alone has the biggest population in the area at approximately 525,000 residents and the region offers a tremendous number of recreational activities with many sports teams calling Sacramento home. Also, just a short distance from Lake Tahoe and Napa Valley, the area offers various cultural opportunities to discover. Those looking for a better quality of life and the freedom to enjoy the outdoors will find it in Sacramento. All tours must be scheduled with the listing agent. Please do not disturb tenants.

Exclusively Listed By

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