7856 Old Auburn Rd 9 Unit Apartment Building $1,950,000 ($216,667/Unit) 5.68% Cap Rate Citrus Heights, CA 95610

7856 Old Auburn Road is an exceptional 9-unit multifamily community located in the highly desirable and supply-constrained Citrus Heights submarket. Multifamily properties rarely come available in this area, and with very limited new apartment construction occurring nearby, the rental market remains strong and attractive for long-term rentals.
Built in 1985, the property has been meticulously maintained and offers an appealing combination of tenant amenities and operational efficiency. Situated on nearly one-half acre, the community features mature landscaping, a private rear parking lot, nine individual garages, an on-site manager’s office, and a common laundry facility. The property’s spacious layout provides residents with a suburban living environment while remaining conveniently connected to major employment centers throughout the Sacramento region.
The two-story complex is constructed with durable T1-11 siding, dual-pane windows throughout, and a pitched composition roof. Residents enjoy convenient access to nearby parks, walking and biking trails, fitness centers, grocery stores, restaurants, and a variety of schools, including preschool, middle school, and high school options. The property’s location offers an ideal balance of neighborhood tranquility and everyday convenience.
The community consists entirely of nine spacious 2-bedroom, 1-bathroom floor plans averaging approximately 775 square feet. Each unit features a functional Jack-and-Jill style bathroom with dual access from both the hallway and primary bedroom. The primary suites also include an additional vanity and prep area, enhancing livability and tenant appeal. The generous floor plans, coupled with garage parking and additional on-site parking, attract working families, young professionals, and commuters seeking affordable housing without sacrificing comfort.
Many of the units have been tastefully updated with modern laminate flooring, bright kitchens, and ceiling fans, while all units are equipped with central heating and air conditioning. As rental rates throughout the Sacramento metropolitan area continue to increase, investors have the opportunity to further enhance cash flow through strategic lease renewals and modest interior improvements.
Located within the established residential neighborhoods of Citrus Heights (ZIP Code 95610), the property offers residents a quiet suburban setting just minutes from major employment corridors in Sacramento, Roseville, and Fair Oaks. The location continues to attract blue-collar workers, service professionals, and families who value affordability, safety, quality schools, and convenient access to shopping and employment opportunities.
Whether you are a seasoned multifamily investor seeking a stable, income-producing asset or an owner looking to establish a foothold in one of Sacramento County’s most desirable rental submarkets, 7856 Old Auburn Road presents a compelling investment opportunity with strong fundamentals and long-term upside potential.