Altos/43rd Avenue 1 Multifamily Properties Offered at $1,797,000 in Sacramento, CA

Colliers is pleased to present an attractive multifamily value-add opportunity in the Sacramento region: 3441-3445 Altos Avenue (North Sacramento submarket) and 3836 43rd Avenue (South Sacramento submarket). This portfolio features three well-located, income-producing 4-plex properties totaling 12 units, offering multifamily investors a straightforward path to enhanced cash flow through targeted rent optimization.
These three properties must be acquired together and are not available for individual purchase.
3441-3445 Altos Avenue comprises two identical 4-plex buildings constructed in 1973, each approximately 2,000 square feet on individual 0.16-acre parcels. The combined unit mix consists of eight 1-bedroom/1-bath units. Currently operating at approximately 20% loss-to-lease, this asset presents immediate upside for an investor to capture market-rate rents with minimal capital outlay—simply by implementing strategic rent increases upon turnover or renewal.
The property benefits from a quiet, gated community setting, surrounded by single-family homes and directly across from Altos Greenbelt Parkway, providing residents with convenient access to walking and biking trails. Multiple parks and local restaurants are within easy walking distance, enhancing tenant appeal and retention. Commuters enjoy excellent connectivity, with Highway 80 just 5 minutes away and I-5 approximately 10 minutes distant.
Complementing the portfolio is 3836 43rd Avenue, built in 1958 a solid 4-plex investment positioned in the South Sacramento submarket, adding diversification and additional income potential within the broader Sacramento rental landscape.
The Sacramento multifamily market continues to demonstrate resilience, with stabilizing fundamentals, moderating new supply, and strong long-term demand driven by regional economic growth. In the North Sacramento submarket area surrounding properties like 3441-3445 Altos Avenue, prevailing market rents for 1-bedroom units are currently averaging around $1,350 per month (factoring in property condition, age, amenities, and local comps), positioning these assets for meaningful rent growth as under-market units are stabilized to prevailing levels.
This creates compelling value-add potential through achievable rent increases, enhancing NOI and overall returns in a market supported by solid occupancy trends and economic drivers.