2620 T St Apartment Building $1,955,000 5.25% Cap Rate Sacramento, CA 95816

Please go to the following listing website to access OM: http://properties.expcommercial.com/2620-t-st-sacramento-sale
Mejia Realty Group at eXp Commercial is pleased to present the opportunity to acquire 2620 T Street, a six-unit mixed-use investment property located in Sacramento’s highly desirable Midtown submarket. Originally constructed in 1890 and extensively renovated in 2019, with two newly constructed rear townhomes completed in 2020, the property offers a rare blend of historic character and modern design within one of Sacramento’s most supply-constrained urban corridors. The asset consists of ?ve residential units and one ground-floor retail suite, providing a diversified income stream in a premier in?ll location. The retail tenant has 3% annual rent increases each January 1, offering built-in income growth and enhanced long-term cash ?ow predictability. In 2019, the primary building underwent a comprehensive renovation, including fully remodeled kitchens and bathrooms, updated flooring throughout, replacement of all appliances, new HVAC systems, and upgraded electrical panels. All residential units feature in-unit washer and dryer sets replaced in 2019, enhancing tenant convenience and supporting premium rental positioning. The building also received a fresh exterior paint job within the last three years, reinforcing pride of ownership and minimizing near-term capital expenditure requirements. These improvements materially reduce near-term capital expenditure risk while elevating the overall quality of the asset. The property is fully gated, creating a secure and controlled-access environment that enhances tenant privacy and overall curb appeal. The roof is approximately 10 years old, further contributing to operational stability. Additionally, two rear 2-bedroom/2-bathroom townhomes completed in 2020 provide modern construction and contemporary layouts rarely found in Midtown’s historic housing stock. Each townhome includes a private single-car garage, a highly desirable amenity in Sacramento’s urban core that enhances tenant appeal and long-term rent sustainability. Situated on approximately 0.15 acres with 5,463 rentable square feet, the property combines renovated historic frontage with newly constructed residential units and stable retail income. The blend of modernized interiors, upgraded building systems, contractual retail rent growth, garage parking, and prime Midtown positioning makes 2620 T Street a compelling long-term hold in Sacramento’s dynamic urban core.
2620 T Street is ideally positioned in Sacramento’s vibrant Midtown/Downtown corridor, one of the region’s most desirable and walkable neighborhoods. Known for its historic architecture, tree-lined streets, and urban lifestyle appeal, Midtown continues to attract professionals, medical employees, state workers, and small business operators seeking proximity to employment and entertainment amenities. The property benefits from immediate access to Downtown Sacramento, the California State Capitol, UC Davis Medical Center, and Sutter Medical Center—major employment anchors that drive consistent residential and commercial demand. The surrounding neighborhood offers a diverse mix of restaurants, cafés, retail boutiques, neighborhood parks, and entertainment venues that define Midtown living. Additionally, the property offers strong regional connectivity via Highway 50, Interstate 80, and Interstate 5, allowing convenient access throughout the greater Sacramento region. With limited in?ll development opportunities and sustained population growth, Midtown remains one of Sacramento’s most stable and supply-constrained rental submarkets. 2620 T Street is well positioned to capitalize on these enduring urban market fundamentals.
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