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614 17th St 4 Unit Apartment Building $1,000,000 ($250,000/Unit) Sacramento, CA 95811
Investment Highlights
- Located in Boulevard Park of Midtown Sacramento
- Off-Street Parking
- Well Maintained & Recently Renovated
- Onsite Laundry Facility
Executive Summary
Marcus & Millichap is pleased to present 614 17th Street, a thoughtfully renovated four-unit multifamily investment opportunity ideally situated in the highly desirable Boulevard Park neighborhood of Midtown Sacramento—the region's most established and sought-after rental market.
The property consists of four spacious one-bedroom, one-bathroom apartments, each offering approximately 600 rentable square feet. Residents enjoy the convenience of gated off-street parking and on-site laundry facilities, amenities that continue to drive resident demand. Recent improvements include new carpet, fresh interior & exterior paint, new tile flooring in the entryways, kitchens, and bathrooms, energy-efficient lighting, and additional interior upgrades.
With one unit currently vacant, investors have an immediate opportunity to increase cash flow by leasing the apartment at current market rents or by utilizing the vacancy for owner occupancy. The three occupied units provide stable in-place income while allowing for continued revenue growth through strategic rent increases. Current market comparables indicate approximately 20% loss-to-lease on the occupied units, presenting a clear value-add opportunity for the next owner.
All tours must be scheduled through listing agents. Do not disturb management or residents.
The property consists of four spacious one-bedroom, one-bathroom apartments, each offering approximately 600 rentable square feet. Residents enjoy the convenience of gated off-street parking and on-site laundry facilities, amenities that continue to drive resident demand. Recent improvements include new carpet, fresh interior & exterior paint, new tile flooring in the entryways, kitchens, and bathrooms, energy-efficient lighting, and additional interior upgrades.
With one unit currently vacant, investors have an immediate opportunity to increase cash flow by leasing the apartment at current market rents or by utilizing the vacancy for owner occupancy. The three occupied units provide stable in-place income while allowing for continued revenue growth through strategic rent increases. Current market comparables indicate approximately 20% loss-to-lease on the occupied units, presenting a clear value-add opportunity for the next owner.
All tours must be scheduled through listing agents. Do not disturb management or residents.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,000,000 | Building Class | C |
| Price Per Unit | $250,000 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 2,416 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1962 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-3A-SPD | ||
| Price | $1,000,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,416 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1962 |
| Opportunity Zone |
Yes |
| Zoning | R-3A-SPD |
Amenities
Unit Amenities
- Balcony
- Tile Floors
- Tub/Shower
- Carpet
- Double Pane Windows
- Linen Closet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 600 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
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