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The Gateway Apartments 150 Gateway Ct 31 Unit Apartment Building $4,635,000 ($149,516/Unit) 7.06% Cap Rate Stockton, CA 95207
INVESTMENT HIGHLIGHTS
- Prime North Stockton Location – Minutes from major retail, employment hubs, and top colleges and universities.
- Strong Financials – Over $40,000 in monthly gross income with an attractive 7.06% in-place cap rate.
- Appealing Tenant Amenities – Gated parking, secure entries, onsite laundry, and generous common areas.
- Desirable Unit Mix – All spacious 2- and 3-bedroom units across 6 unique floor plans.
- Extensive Renovations – 26 of 31 units upgraded with modern kitchens, flooring, & appliances.
EXECUTIVE SUMMARY
Colliers Central Valley Investment Team is pleased to present The Gateway Apartments, a 31-unit multifamily asset located at 150 Gateway Court in North Stockton. This well-positioned property offers a strong investment opportunity in a high-demand area just minutes from major retail centers, employment hubs, and top colleges. The unit mix consists entirely of spacious 2- and 3-bedroom layouts across six unique floor plans, complemented by gated parking, secure entries, onsite laundry, and generous common areas.
The Gateway Apartments generate over $40,000 in monthly gross income and offer a solid in-place cap rate of 7.06%. Extensive renovations have been completed in 26 of the 31 units, featuring modern kitchens, updated flooring, and new appliances. With strong cash flow, quality improvements, and a prime North Stockton location, this asset is well-positioned for continued performance and long-term value.
1% procuring broker fee.
The Gateway Apartments generate over $40,000 in monthly gross income and offer a solid in-place cap rate of 7.06%. Extensive renovations have been completed in 26 of the 31 units, featuring modern kitchens, updated flooring, and new appliances. With strong cash flow, quality improvements, and a prime North Stockton location, this asset is well-positioned for continued performance and long-term value.
1% procuring broker fee.
PROPERTY FACTS
| Price | $4,635,000 | Apartment Style | Low-Rise |
| Price Per Unit | $149,516 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.03 AC |
| Cap Rate | 7.06% | Building Size | 25,765 SF |
| Gross Rent Multiplier | 8.25 | No. Stories | 2 |
| No. Units | 31 | Year Built/Renovated | 1968/2018 |
| Property Type | Multifamily | Parking Ratio | 1.16/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-3, Stockton | ||
| Price | $4,635,000 |
| Price Per Unit | $149,516 |
| Sale Type | Investment |
| Cap Rate | 7.06% |
| Gross Rent Multiplier | 8.25 |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 25,765 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2018 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | R-3, Stockton |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Individual Locking Bedrooms
- Private Bathroom
- Walk-Up
- Smoke Detector
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Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 104-100-11 | Improvements Assessment | $1,707,879 |
| Land Assessment | $510,882 | Total Assessment | $2,218,761 |
PROPERTY TAXES
Parcel Number
104-100-11
Land Assessment
$510,882
Improvements Assessment
$1,707,879
Total Assessment
$2,218,761
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The Gateway Apartments | 150 Gateway Ct
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