$2,110,000
$2,295,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
8,275 SqFt
SOLD DATE : 09/01/2026
Key Details
Sold Price $2,110,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 8,275 sqft
Price per Sqft $254
MLS Listing ID 226006314
Sold Date 09/01/26
HOA Y/N No
Year Built 1939
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
Sutterville Apartments is a well-maintained 15-unit multifamily investment offering exceptional value-add potential in an irreplaceable Sacramento location. The property features an attractive unit mix of (5) studios, (9) one-bedroom/one-bath units, and (1) two-bedroom/one-bath unita combination consistently in high demand among renters and supportive of minimal vacancy. With rents currently below market, a new owner has the opportunity to realize significant income upside through modest operational and management improvements, without the need for major capital expenditures. Upon stabilization, the property is projected to deliver a 10% cash-on-cash return, making Sutterville Apartments a compelling investment in one of Sacramento's most desirable infill corridors. Sacramento's housing pipeline has slowed considerably, with projected inventory growth of just 1.1% in 2025, even as employment gains and new household formation continue to accelerate. Sutterville Apartments offers investors the opportunity to acquire a well-maintained asset at a meaningful discount to replacement cost, precisely as interest rates begin to decline. Favorable market dynamics are creating positive leverage scenarios, where available financing supports cash-on-cash returns well above recent historical levels.
Location
State CA
County Sacramento
Area 10822
Direction Directly across from Sacramento City College. Between the cross streets of Freeport Blvd and 24th St.
Rooms
Other Rooms Unit-1 Approx SqFt: 550 Bedrooms: 1 Full Baths: 1 Occupancy: Tenant Rent: 1250 SqFt Source: Owner Unit-2 Bedrooms: 1 Full Baths: 1
Basement Storage Area
Interior
Heating Wall Furnace
Cooling Wall Unit(s)
Flooring Laminate, Vinyl, Luxury Vinyl Plank
Laundry Washer/Dryer Leased, In Common Area
Exterior
Parking Features Open
Utilities Available Sewer Connected, City, Electric
Water Access Desc Public
Total Parking Spaces 15
Building
Lot Description Shape Regular
Foundation Raised
Sewer Public Sewer
Water Public
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Senior Community No
Tax ID 018-0021-007-000
Special Listing Condition Offer As Is
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