400 N Roop St 16 Unit Apartment Building $1,275,000 ($79,688/Unit) 8.69% Cap Rate Susanville, CA 96130

ROOP STREET APARTMENTS is a 16-unit multifamily investment opportunity located at 400 N Roop Street in Susanville, California. Situated on approximately 0.92 acres, the property consists of sixteen spacious 1BD/1BA apartment units averaging approximately 650 square feet. The property is currently 100% occupied and generates stable in-place cash flow with an attractive 8.69% capitalization rate and 7.42 gross rent multiplier.
Recent capital improvements include upgraded electrical infrastructure completed in 2024, providing investors with reduced near-term capital expenditure requirements. The property features a desirable courtyard-style layout with ample open space and on-site parking for residents.
Located near Uptown Susanville, Roop Street Apartments benefits from convenient access to retail, restaurants, schools, government facilities, healthcare services, and major employment centers throughout Lassen County. The property serves a strong workforce housing tenant base and has demonstrated consistent occupancy within the local market.
Roop Street Apartments offers investors the opportunity to acquire a stabilized multifamily asset with dependable cash flow, operational stability, and future rental upside in a Northern California market with limited apartment inventory and strong demand for affordable housing.