1817 W St 8 Unit Apartment Building $1,590,000 ($198,750/Unit) 5.07% Cap Rate Sacramento, CA 95818

Marcus & Millichap is pleased to present 1817 W Street, an eight-unit multifamily property located in the heart of Midtown Sacramento. The property consists of all one-bedroom, one-bathroom units, each approximately 650 rentable square feet. Over a 25+ year hold, the current ownership has made significant investments in both the interior and exterior of the asset, creating a truly turnkey investment opportunity. Interior renovations include luxury vinyl plank (LVP) flooring, new cabinetry, granite countertops, and updated appliances. Exterior upgrades feature fresh paint, secure gated entry, and minimal yet refined landscaping, enhancing both curb appeal and resident experience. The property offers six gated off-street parking spaces, providing residents with added security and peace of mind. An onsite laundry facility serves as an additional income stream for ownership.
This asset is ideal for investors seeking a low-maintenance property with modern finishes and immediate upside potential. Local rent comps suggest an ~8% loss-to-lease on current rent roll, creating a clear path to increased revenue through rent increases, in addition to implementing RUBS (Ratio Utility Billing System) and charging for parking, further boosting NOI.
Situated within walking distance of major developments like the Golden 1 Center, Downtown Commons (DOCO), and the upcoming Rail Yards Project—the largest urban infill development in the U.S.—1817 W Street is strategically positioned to benefit from the ongoing transformation of Sacramento’s urban core. The property is also in close proximity to the State Capitol, Capitol Mall, and the vibrant dining and entertainment options of Midtown and Downtown Sacramento.
All tours must be scheduled through listing agent. Do not disturb management or residents.