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2722-2730 T St 5 Unit Apartment Building $1,095,000 ($219,000/Unit) 5% Cap Rate Sacramento, CA 95816
Investment Highlights
- 5-unit Apartment Building in the historic Newton Booth neighborhood
- Located 2 blocks from Sacramento Food Co-Op, Temple Coffee, and Bus80 on and off ramps
- Features 4 one-bedroom units and 1 two-bedroom unit
- Average Rent is $1,590/month or $1.82 PSF which is about 20% below market
Executive Summary
2722-2730 T Street is a 5-unit apartment building located in the historic Newton Booth neighborhood in Midtown. The two-story property includes 4 one-bedroom units and 1 two-bedroom unit, each with their own address number and exterior front door off T Street. The units are efficient and spacious at an average size of 870 square feet, and feature original millwork and cabinetry, hardwood floors, and original architectural features. The partial but full-height basement includes shared laundry and additional free tenant storage. The property is located at the corner of 28th and T Streets, just two short blocks from the Sacramento Food Co-Op, Temple Coffee Roasters, and Bus80 on and off ramps. The average existing rent is $1,590 per month ($1.82 PSF), so a buyer can take advantage of attractive upside in the rents and instituting RUBS. Priced at $1,095,000 ($219,000 per door) which is a 5% cap rate based on actual income and expenses.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$94,680
|
$21.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$94,680
|
$21.69
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$39,913
|
$9.14
|
| Net Operating Income |
$54,767
|
$12.54
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $94,680 |
| Annual Per SF | $21.69 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $94,680 |
| Annual Per SF | $21.69 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $39,913 |
| Annual Per SF | $9.14 |
| Net Operating Income | |
|---|---|
| Annual | $54,767 |
| Annual Per SF | $12.54 |
Property Facts
| Price | $1,095,000 | Apartment Style | Low-Rise |
| Price Per Unit | $219,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 5% | Building Size | 4,366 SF |
| No. Units | 5 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1923 |
| Zoning | C2, Sacramento | ||
| Price | $1,095,000 |
| Price Per Unit | $219,000 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,366 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | C2, Sacramento |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 800 |
| 2+1 | 1 | - | 1,000 |
Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 010-0127-009 | Improvements Assessment | $621,743 |
| Land Assessment | $125,599 | Total Assessment | $747,342 |
Property Taxes
Parcel Number
010-0127-009
Land Assessment
$125,599
Improvements Assessment
$621,743
Total Assessment
$747,342
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