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$499,000
1,802 SqFt. ⋅ 226113015 MLS
Presenting an exceptional investment opportunity at 1311-1309 F St, Sacramento, CA, USA. This multi-family property, encompassing 1802 square feet of living area plus a grandfather ADU, stands as a prime option for investors and a compelling prospect for handy homeowners. This property is a great investment opportunity, poised for those seeking to enhance their portfolio or embark on a rewarding renovation project. The inherent flexibility of a multi-family dwelling provides diverse avenues for income generation or multi-generational living arrangements. This property represents a strategic acquisition for discerning investors or those seeking a project to transform into a personalized residence. We invite you to explore the potential of this property.

1311 F Street, Sacramento

Listing courtesy of TerraNova Realty.

$1,149,000
1,924 SqFt. ⋅ 226114161 MLS
Welcome to 1424 -1426 36th Street, an authentic mid-century gem for multigenerational living in East Sacramento. This distinctive duplex offers a versatile two-residence configuration while retaining its authentic character throughout. Original hardwood floors, large windows, teak-paneled walls, brick fireplaces, stair railings, built-in shelving, and vintage tilework reflect the property's mid-century architecture. The 1424 residence is two-stories and features two bedrooms and one-and-a-half bathrooms. The main level offers a spacious living room anchored by a fireplace with gas logs and original teak-paneled wall with built-in shelving. A separate dining room continues with matching wood wainscotting, while the kitchen provides generous cabinetry, counter space, and a breakfast area with corner built-in. A half bathroom and ample closets off the main hallway complete the main floor. Upstairs are two spacious, sunny bedrooms with hardwood floors and a full bathroom. Laundry is located in the garage, and a private backyard with patio space extends the living outdoors. The single-level 1426 attached Guest House comes completely furnished and turn-key and offers one bedroom and one bathroom. The light-filled living room features hardwood floors, a brick fireplace w/ gas logs, and built-in shelving. In the adjoining kitchen, authentic cabinetry and a sunny dining area overlook the backyard add to the functional layout. The bedroom features hardwood floors and large closet, while the bathroom retains period tilework that complements the home's mid-century aesthetic. Indoor laundry and a private backyard with patio space complete this residence. With separate entrances, private outdoor areas, 2 garages, and mature landscaping, this property offers an excellent opportunity for multigenerational living, or an owner-occupant looking to offset their mortgage with proven shorter-term rental income seeking a distinctive East Sacramento property in superb condition!

1426 36th Street, Sacramento

Listing courtesy of Coldwell Banker Realty.

$2,800,000
4,739 SqFt. ⋅ 226113912 MLS
5.6% ASSUMABLE LOAN! Welcome to 1928 21st Street a newly constructed, turnkey 6-unit apartment building located in the highly desirable and walkable Poverty Ridge neighborhood of Midtown Sacramento. Completed in November 2024, this fully leased investment property offers a rare opportunity to own modern multifamily real estate in a premium Sacramento location. Each of the six thoughtfully designed one-bedroom units features soaring ceilings, custom doors and windows, abundant natural light, efficient floor plans, and high-end finishes throughout. Every unit includes its own washer and dryer hookups as well as private outdoor space, with each residence offering a patio or balcony and select units featuring multiple balconies. The approximately 4,739-square-foot building generates strong, stabilized rental income totaling $16,500 per month, providing investors with an attractive income-producing asset with the benefits of newer construction and reduced near-term maintenance. Perfectly situated in historic Poverty Ridge, the property is within walking distance of light rail, Downtown Sacramento, restaurants, cafs, shopping, entertainment, and local parks. The combination of modern construction, private outdoor spaces, desirable unit amenities, strong rental income, and an exceptional central location makes 1928 21st Street a standout investment opportunity. Whether you're expanding an existing multifamily portfolio or seeking a low-maintenance, high-performing Sacramento asset, 1928 21st Street offers an exceptional combination of location, quality, and income.

1928 21st Street, Sacramento

Listing courtesy of eXp Realty of California Inc..

$575,000
11,000 SqFt. ⋅ 226114001 MLS
City of Sacramento has agreed to allow the building to be demolished for expanded building opportunities! Current zoning is SPA, but previously had plans to rehab into a 13-unit multi-family. Buyer to do due diligence for potential uses (Mixed use, condos, town-homes, ground-up multi-family, commercial, retail, etc.) Development opportunity on roughly 3/4 of an acre with major street frontage to Florin Road. MOTIVATED SELLER will carry!

8330 Florin Road, Sacramento

Listing courtesy of RE Dynamic.

$1,000,000
2,400 SqFt. ⋅ 226111102 MLS
Great opportunity in an established Sacramento neighborhood! This well-located fourplex sits directly across from Southside Park and just blocks from downtown. The park offers tennis courts (calling all pickleballers) and a swimming pool. Three of four units are currently rented two month-to-month and one on a one-year lease. The vacant upstairs unit overlooks the park and offers a peaceful, treehouse-like setting among mature trees, making it ideal for an owner-occupant or potential short-term rental. Features include shared on-site laundry and easy access to I-80, Highway 50, and I-5. Conveniently located near the R Street Corridor, DOCO, Broadway, the Sunday Farmers Market, restaurants, coffee shops, and entertainment. Excellent opportunity for investors and owner-occupants seeking income potential in a prime downtown-adjacent location.

627 T Street, Sacramento

Listing courtesy of Windermere Signature Properties LP.

$365,000
1,152 SqFt. ⋅ 226109875 MLS
Can you believe it? An income property in excellent condition under $400K. The owner is retiring. Each unit has indoor laundry, a private fenced rear yard and a detached 1 car garage. The driveway are long enough to accomodate 2 cars. This property will probably sell quickly. Come take a look!!!

5119 GORDON Drive, Sacramento

Listing courtesy of River Ridge Realty.

$649,900
2,314 SqFt. ⋅ 226109779 MLS
Rare opportunity to own a classic Art Deco duplex in Sacramento's sought-after Poverty Ridge neighborhood. Full of character and timeless architectural details, each unit offers 2 bedrooms, 1 bath, a spacious living room with a fireplace, formal dining room, charming vintage kitchen, indoor laundry, and central heat and air conditioning. The property includes a shared backyard, carriage house-style garage currently utilized for storage, and additional large basement storage for each unit. Off Street parking is available with potential for garage parking. With strong rental appeal and a prime central location near Midtown, parks, dining, and medical centers, this duplex is an exceptional investment or owner-occupant opportunity.

1925 22nd Street, Sacramento

Listing courtesy of Windermere Signature Properties Downtown.

$1,100,000
2,792 SqFt. ⋅ 226107990 MLS
Welcome to this charming Spanish-style duplex in East Sacramento, just a few blocks from McKinley Park. Offering two separate 2-bedroom, 1-bath flats, one upstairs and one downstairs, this property is surrounded by mature trees and features a stucco exterior with original 1930s architectural details. The two-unit configuration offers a great opportunity for investors, multigenerational living, or an owner-occupant looking to offset their mortgage with rental income. Each residence offers about 1,400 square feet of living space with hardwood floors, high ceilings, lots of light, and a blend of original character and thoughtful updates. The living rooms feature exposed wood ceiling beams, fireplaces, built-in shelving, and arched details. Formal dining rooms lead to updated kitchens with generous cabinetry and tile countertops. Each flat also includes a separate laundry room and an additional room ideal for a home office or guest space. The bathrooms retain their vintage character with honeycomb tile flooring, period-style tile, soaking tubs, and separate tiled showers. The front bedrooms offer ample closet space, including a walk-in closet downstairs, and the back bedrooms feature vintage built-ins and garden views. Downstairs, a beautiful leaded-glass window accents a nook off the extra room, and an approximately 350- square-foot basement provides additional storage or flexible-use space. Upstairs, French doors from the living room open to a private terrace overlooking the surrounding trees. Important improvements include newer furnaces for both units, new air conditioning for both flats in 2023, and electrical, lighting, and plumbing upgrades added over the years. Recent additions include an electric fire, a ceiling fan, and a newer oven upstairs, plus a new dishwasher downstairs. Outside, the fenced backyard features a wrought-iron entry gate, mature privacy hedge, orange tree, patio area, storage shed, and room for gardening and entertaining. Two off- street parking places complete the picture. With two separate residences, established outdoor spaces, original architectural character, and regular maintenance and improvements, this duplex offers flexibility for a variety of living or investment options.

451 Santa Ynez Way, Sacramento

Listing courtesy of Coldwell Banker Realty.

$498,000
2,029 SqFt. ⋅ 226106908 MLS
Welcome to this solid two‑story duplex in North Sacramento offering stable income, functional layouts, and long‑term rental demand. Each unit occupies its own private level, creating excellent separation of space and tenant privacy. The upper unit features interior stairs providing direct access to its dedicated garage, a rare convenience in this price segment. The lower unit has been remodeled with new kitchen, bathroom, flooring and paint which offers single‑level living with easy access to garage parking and outdoor space. Both units include 2 bedrooms and 1 bath, efficient floorplans, and durable finishes suitable for long‑term tenancy. The property has been maintained over the years with updates to flooring, paint, fixtures, newer roof and mechanical systems, supporting low ongoing operating costs. Situated on Marysville Blvd, tenants benefit from proximity to public transit, shopping, schools, parks, and major employment corridors. With strong rental history and upside potential through strategic improvements or rent alignment, this duplex is ideal for buy‑and‑hold investors, portfolio builders, and 1031 exchange buyers seeking a performing Sacramento asset with room to grow.

2916 Marysville Boulevard, Sacramento

Listing courtesy of JTS Realty.

$999,000
3,600 SqFt. ⋅ 226107128 MLS
Turnkey fourplex featuring four 1-bedroom, 1-bath units, each offering rare in-unit laundry hookups. All 4 units are occupied by long-term tenants, offering stable cash flow with an estimated cap rate of around 6.5%. Two of the four units were remodeled last year with new kitchens, appliances, and bathrooms. HVAC systems have been recently replaced in all 4 units. Well-maintained property with strong tenant demand and upside potential. Ideal for investors seeking an income-producing asset

1717 26th, Sacramento

Listing courtesy of USKO Realty.

$1,249,000
2,965 SqFt. ⋅ 226106962 MLS
Welcome to 2820-2822 D St, a brand-new multifamily investment property offering a flexible layout and multiple rental strategies. The property features three floors, each with its own private exterior entrance, 3 bedrooms, and 2 bathrooms - ideal for traditional long-term rentals by floor or a room-by-room rental strategy. Modern finishes include tiled bathrooms, imperfect smooth wall texture, and contemporary interiors throughout. Estimated gross rental income is approximately $7,700/month when leased by floor or $10,000/month when rented by individual rooms. At the current list price, the property is estimated to generate approximately a 6% cap rate after property taxes and insurance, offering an attractive opportunity for investors seeking strong income potential from a newly built, low-maintenance property. Buyer to verify rental income, expenses, and projected returns.

2822 D Street, Sacramento

Listing courtesy of USKO Realty.

$780,000
3,536 SqFt. ⋅ 226105890 MLS
4624 Ashdale Court is a well-maintained fourplex consisting entirely of spacious 2-bedroom, 1-bathroom units. Each unit features its own washer and dryer, along with central heating and air conditioning, providing amenities that are highly desirable for tenants. The property has benefited from recent capital improvements, including a new roof installed in 2020, helping reduce near-term capital expenses for a new owner. The decks and stairs are SB 721 compliant. With current rents below market, the property offers significant rental upside and an opportunity for an investor to increase income over time while owning a stabilized four-unit property.

4624 Ashdale Court, Sacramento

Listing courtesy of North Coast Commercial, Inc..

$1,195,000
3,063 SqFt. ⋅ 226105543 MLS
2801 D Street is a fully renovated fourplex located in Sacramento's desirable Midtown area. The property consists of four spacious 1-bedroom, 1-bathroom units, each thoughtfully remodeled with updated kitchens, bathrooms, flooring, and finishes throughout. Each unit also features its own washer and dryer, providing a highly desirable amenity for tenants. The property is 100% occupied and benefits from strong in-place rents totaling approximately $7,670 per month, offering an investor immediate cash flow with minimal near-term capital improvements needed. Additional upside exists through the detached garage, with plans to convert the space into a 1-bedroom, 1-bathroom ADU, providing the opportunity to add a fifth income-producing unit and further increase the property's revenue potential. Located in a quiet residential pocket of Midtown near East Sacramento, McKinley Park, restaurants, shopping, and employment centers, 2801 D Street offers investors a rare combination of turnkey condition, strong existing income, and additional value-add potential.

2801 D Street, Sacramento

Listing courtesy of North Coast Commercial, Inc..

$849,000
1,341 SqFt. ⋅ 226103826 MLS
Modern Duplex in Curtis Park - New Construction with Garage, Solar & Yard! Welcome to this beautifully designed 2026 new-construction duplex in Sacramento's desirable Curtis Park neighborhood. Built with modern living and efficiency in mind, the property features separate meters and private entrances for each unit, solar for the upstairs unit, and a generous backyard. Inside, 9-foot ceilings and oversized windows create bright, open living spaces filled with natural light. The first unit offers approximately 477 sq. ft. with 1 bedroom and 1 bathroom, while the second features approximately 864 sq. ft. with 2 bedrooms and 2 bathrooms. A one-car garage adds convenience and functionality. With contemporary finishes, flexible living arrangements, and a prime location, this property offers an excellent opportunity for investors, owner-occupants, or multi-generational living.

2625 27th Alley, Sacramento

Listing courtesy of USKO Realty.

$2,395,000
10,215 SqFt. ⋅ 226103566 MLS
Great Cash Flow! 14units Property in Good Condition, 100% Occupied, Freshly Painted, along with completed repairs, Updated Electrical, most units are updated, See OM attached. Parking on the property as well as off street parking, local shopping, schools, & freeway, transportation within one mile. A Must See!

6012 Martin Luther King Jr. Blvd, Sacramento

Listing courtesy of Arriaga Real Estate.

$815,000
3,804 SqFt. ⋅ 226101827 MLS
Nice & well maintained Fully Occupied 4 Plex in North Sacramento near Greenback Lane & Garfield. All units have new dual pane windows in 2024 by permit, new exterior paint, sewer line w/2-way cleanout; Unit 4 updated with new flooring, paint, quartz counter tops, kitchen appliances & window treatments. New HVAC's in # 2&3 in 2025; New HVAC # 4 in 2023. Property being sold in 'as is' condition. Small income from onsite laundry. Sac County Code Passed Compliance Inspections as of 7/8/2026. Required SB 721 Balcony Compliance 9/2024. Please do not disturb occupants.

5755 Blachly Way, Sacramento

Listing courtesy of LGL Properties, Inc..

$825,000
3,612 SqFt. ⋅ 226099786 MLS
Rare owner occupant or investment opportunity! Well maintained fourplex featuring one vacant unit ready for immediate occupancy or lease. Each unit offers 2 bedrooms, 1 bathroom, recent renovations, and a dedicated garage parking space. Three units currently provide rental income, while the vacant unit offers flexibility for an owner occupant or additional cash flow for an investor. HOA maintained landscaping and exterior painting helps reduce ownership responsibilities. Unit 2 with new flooring and paint as of July 2026. Conveniently located near shopping, dining, schools, parks, and major commuter routes, this property offers excellent income potential and long term value.

4141 Apostolo Circle, Sacramento

Listing courtesy of Century 21 Select Real Estate.

$872,500
3,592 SqFt. ⋅ 226099807 MLS
Great income investment... 4- 2/1 units near freeway 80 entrance and Amer.River College . Area of single family homes..2/1 units with central heat /air. additional upgrades completed. Newly remodeled laundry room ,newer washer/dryer. located in back of complex with private front area..

4561 Ashcroft Avenue, Sacramento

Listing courtesy of Coldwell Banker Realty.

$929,000
4,744 SqFt. ⋅ 226101102 MLS
This stunning, historically preserved Victorian fourplex in Sacramento's premier Mansion Flats neighborhood combines timeless 19th-century elegance with exceptional investment flexibility. Featuring dramatic 10 to 12-foot ceilings, intricately restored architectural details, and unique split-flat layouts, these easy-to-rent units amplify natural light and attract steady tenant interest. Positioned in a highly walkable urban core, the property sits blocks from the Capitol, DOCO and the Golden 1 Center, and is perfectly poised to benefit from nearby major urban revitalization projects like The Railyards development and the new soccer stadium. The immediate neighborhood includes historic architecture in a mature tree canopy with vibrant local coffee houses, live music venues and acclaimed fine and casual dining spots. Current rents on these spacious units provide upside potential for immediate value-add income growth as the area continues to thrive. Plus, this 140 year old building comes with a clear section 1 pest report...A true unicorn. Currently the lowest price per square foot in the Central City. Huge upside potential.

521 15th Street, Sacramento

Listing courtesy of Better Homes and Gardens RE.

$1,195,000
3,272 SqFt. ⋅ 226100832 MLS
609-611 16th St is a mixed use building consisting of 4 apartments and retail coffee shop. The retail space signed a new 3 year lease. 2 of the units are 1 bed 1 bath, completely remodeled. The other 2 units are furnished studios operating as midterm rentals, completely remodeled. The roof was replaced within the last 7 years. The electrical has been updated. The property has new dual pane windows. The apartments have mini split units providing central heat and air. The units are separately metered for gas and electric. There is a common laundry area for tenants convenience.

611 16th Street, Sacramento

Listing courtesy of North Coast Commercial, Inc..

$975,000
2,953 SqFt. ⋅ 226100366 MLS
1831 T Street Victorian Fourplex is well maintained in good condition. Resident's enjoy the location which provides walking access to services and entertainment. The units include many vintage built-in features adding to the charm of the living space.

1831 T Street, Sacramento

Listing courtesy of TRI Property Management Services Inc.

$1,300,000
2,601 SqFt. ⋅ 226099461 MLS
-Three-story triplex with three spacious 1-bedroom units -Fully renovated in 2018 with modern finishes throughout -New roof, HVAC, plumbing, electrical, and staircases -Hardwood floors, tiled showers, and stainless steel appliances -Central HVAC and in-unit stackable washer/dryers -Turnkey investment with minimal deferred maintenance -Prime Midtown location near dining, retail, and nightlife -Minutes from Sutter's Fort, McKinley Park, DOCO & Golden 1 Center -Near Sacramento's Central Business District and major employers -Easy access to J Street, 16th Street, I-80, and Highway 50

2409 I Street, Sacramento

Listing courtesy of Collier's International.

$719,900
1,857 SqFt. ⋅ 226097624 MLS
Opportunity awaits with this well-maintained duplex situated on a desirable corner lot in Sacramento's established South Land Park neighborhood. Each unit features 2 bedrooms, 1 full bathroom, an attached single-car garage, washer and dryer hookups, and a fenced backyard with a concrete patio, providing comfortable outdoor living for tenants. Conveniently located within the Sacramento City Unified School District, the property is approximately 3 miles or less from local elementary, middle, and high schools. Tenants will also appreciate being just 1.5 miles from Greenhaven Plaza, offering convenient access to shopping, dining, banking, grocery stores, and pharmacy services. Whether you're expanding your investment portfolio or purchasing your first income property, this South Land Park duplex presents an excellent opportunity in a sought-after Sacramento location.

836 Bell Air Drive, Sacramento

Listing courtesy of Aborn Powers, Inc.

$1,125,000
3,420 SqFt. ⋅ 226094614 MLS

1829 H Street, Sacramento

Listing courtesy of Marcus & Millichap Real Estate.

$1,900,000
226083606 MLS
2423 L Street (8 Units) presents a rare opportunity to acquire a boutique multifamily asset in the heart of Midtown Sacramento, one of the regions most desirable and vibrant urban neighborhoods. The property consists of Six large Studio Apartments that have been tastefully remodeled and complemented by two newly constructed detached ADU units, each offering approximately 600 square feet with 2bedroom/1bathroom floor plans. The combination of existing rental income and brand-new construction creates an attractive investment opportunity with a diverse unit mix and a strong long term rental demand. The front building consists of six studio apartments that provide efficient and affordable housing in a highly sought-after rental market. Behind the main structure are two newly completed detached ADUs, each featuring modern 2-bedroom/1-bathroom floor plans, contemporary finishes, open-concept living spaces, and approximately 600 square feet of living area. These newly built units offer investors minimal deferred maintenance and command premium rental rates relative to traditional apartment inventory. Updates to the older structure include a brand new roof (2024), sewer lateral replacement (2026), electrical panel upgrades, all dry rot cleared, new paint job, brand new landscaping, two rebuilt fences and 4 of 6 remodeled interiors.

2423 L Street, Sacramento

Listing courtesy of Collier's International.

$1,049,000
2,968 SqFt. ⋅ 226090197 MLS
Prime Investment Opportunity in a Great Location! This four-unit complex in the Land Park area is updated and well-maintained. The property is ideally located close to the park, restaurants, shopping, City College, and convenient transportation options. Each unit features a spacious 1 Bedroom, 1 Bathroom, open and bright layout with a kitchen and large living room. Tenants enjoy their own single car garage and the shared use of an on-site laundry room. The location of this fourplex make it a highly sought-after multifamily residential property with tremendous rental potential and a wise investment.

4501 Del Rio Road, Sacramento

Listing courtesy of Dalton Real Estate Group.

$799,000
1,976 SqFt. ⋅ 226092432 MLS
Attention all investors!! Rare opportunity to purchase an updated fully occupied duplex in the heart of desirable East Sacramento. The larger unit is 2 bedroom 1.5 baths and rents for $2,400 per month. The smaller 1 bedroom 1 bath unit rents for $1,875 per month.

4451 C Street, Sacramento

Listing courtesy of Grand Realty Group.

$999,000
2,610 SqFt. ⋅ 226090524 MLS
Excellent investment opportunity in the desirable Central Sacramento/Midtown area. This well-maintained fourplex features four 1-bedroom, 1-bathroom units with long-term tenants who would like to remain, providing stable rental income. Each unit has been updated within the past 10 years with remodeled kitchens featuring newer cabinets, countertops, stove, refrigerator, and flooring, plus updated bathrooms with newer shower-over-tub, vanity, sink, toilet, flooring, and shower doors. Original hardwood floors run throughout the living rooms, bedrooms, and hallways, and all units have dual-pane windows, mirrored closet doors, wall furnaces, and window air conditioners. Additional improvements include a newer electrical panel and a 3-year-old commercial-sized water heater serving all four units. Amenities include a shared coin-operated laundry room and three off-street parking spaces. Conveniently located near Midtown, downtown Sacramento, restaurants, shopping, parks, and public transportation, this is an outstanding opportunity to own a quality income property in a highly desirable location.Home, pest and roof inspections available.

1725 V Street, Sacramento

Listing courtesy of Sathre Real Estate.

$3,995,000
18,421 SqFt. ⋅ 226090335 MLS
Wetzlar Square, an exceptionally rare opportunity to acquire one of Downtown Sacramento's most distinctive mixed-use investment properties. Offered for sale for the first time since 1989, Wetzlar Square consists of three architecturally unique buildings situated on a single parcel, blending irreplaceable historic character with stable income and long-term investment potential. The property features 23 apartment units and ground-floor professional office suites, creating a diversified income stream that appeals to investors seeking both stability and future upside. Each building offers its own unique identity. 1019 H Street is a striking three-story brick apartment building showcasing timeless architectural character. 1021 H Street, originally constructed by Julius Wetzlar in 1871, is one of Downtown Sacramento's historic residential gems. Throughout its history, the building has been home to prominent Sacramento residents and preserves architectural features rarely found today, including four extraordinary residences with approximately 18-foot ceilings that create an unmatched living experience. Fronting H Street, 1023 H Street provides professional office space at street level with apartments above, creating an ideal environment for attorneys, consultants, and other professionals who benefit from the property's close proximity to the federal and county courthouses. Perfectly positioned within Sacramento's Government and Legal District, Wetzlar Square sits just moments from City Hall, the California State Capitol, the U.S. District Court, the Sacramento County Courthouse, and countless government agencies, law firms, and professional offices. The surrounding neighborhood offers an exceptional walkable lifestyle with restaurants, coffee shops, entertainment, public transportation, and the city's expanding residential and employment base all within blocks of the property. Investment opportunities of this caliber are increasingly difficult to replicate. The combination of historic architecture, multiple income sources, irreplaceable downtown location, and nearly four decades of ownership creates a compelling offering for investors seeking a landmark asset with dependable cash flow and meaningful long-term appreciation potential. Whether maintained as a stabilized mixed-use investment or enhanced through strategic renovations and operational improvements, Wetzlar Square represents a true generational acquisition in the heart of Downtown Sacramento.

1023 H Street, Sacramento

Listing courtesy of ALIVE Commercial Real Estate.

$7,100,000
29,558 SqFt. ⋅ 226089012 MLS
The Corum Building is a value-add mixed-use building that is being offered for sale for the first time in 32 years. Enjoying a high visibility location at the corner of 22nd Street and J Street, a main arterial road that connects Downtown to East Sacramento, the Corum is a 3-story midrise featuring 42 residential units and two ground floor retail tenants across 29,558 total square feet. The property is comprised to two separate structures that are connected by an outdoor stairwell and breezeway. 926 22nd Street, which is located at the corner of 22nd and J Street, is a brick-clad building that includes the anchor ground floor retail space and 25 studio units on the second and third floors. The second structure, 916 22nd Street, which is located at the corner of 22nd Street and Improv Alley, features 17 total units including 16 one-bed units and 1 two-bed unit. All 42 units have been upgraded to varying degrees over the years but most include newer LVP flooring, cabinetry, and lighting together with updated original architectural features. Capital improvements within the last 10 years includes new roofs on both structures and new electric panels at 926 22nd. The ground floor of the property is leased to two retail/office tenants including O-Toro Midtown, an established sushi restaurant with a long track record of success at the property. O-Toro leases 4,500 SF at the corner of 22nd and J St. and recently extended its triple-net lease through March 2035. The other retail space, measuring 670 SF along 22nd Street, is leased to a local non-profit through August 2026; it is possible this retail space could be converted to a 43rd residential unit. The Corum is being offered at $7,100,000 which equates to a 6.82% blended capitalization rate based on actual income and proforma expenses. Given the existing rents are about 20% below market, there is potential upside to a 8.25%+ annual return. The property is squarely in the heart of Midtown, just two blocks from the MARRS Building and Midtown Farmers Market, and walking distance to dozens of best-in-class amenities, parks, and the American River Bike Trail. This is a true generational investment and a rare opportunity to purchase a iconic building in Midtown.

926 22nd Street, Sacramento

Listing courtesy of Ken Turton, Broker.

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