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321 T St 7 Unit Apartment Building $2,203,422 CAD ($314,775 CAD/Unit) 5.80% Cap Rate Sacramento, CA 95811



Investment Highlights
- Attractive Unit Mix of 5 Two-Bedroom Townhomes, and 2 Two-Bedroom Flats.
- Buildings Feature Durable Stucco Exterior, Pitched Composition Roof, Dual Pane Window, and Central Heating and Air.
- Tenant-Friendly Amenities Including On-Site Laundry and Off-Street Parking.
- 1994 Redevelopment: Four New Units Added and the Existing Three-Unit Building Fully Renovated, Creating a Cohesive Seven-Unit Community.
- Excellent Downtown Location, Close to Parks, Restaurants, Golden 1 Center, and the Capitol.
- All HVAC's Have Been Replaced Since 2020.
Executive Summary
ALIVE Commercial Real Estate is proud to present T Street Townhomes, a charming seven-unit multifamily investment opportunity ideally located in Sacramento's highly sought-after Southside Park neighborhood, bordering Downtown Sacramento. The property features an attractive unit mix of five spacious two-bedroom/one-bath townhomes and two large two-bedroom/one-bath flats, all offering functional open floor plans and modern interior finishes that appeal to today's renters. In 1994, Building #2 was newly constructed, adding four townhome units, while Building #1 underwent a comprehensive renovation, modernizing its three existing units. Situated just two blocks from Southside Park, one of Downtown Sacramento's premier urban parks spanning nearly 20 acres and six city blocks, residents enjoy immediate access to a lake, community pool, tennis courts, basketball courts, multiple playgrounds, and expansive green space. The property is also within walking distance of many of Sacramento's most desirable destinations, including the State Capitol, Golden 1 Center, Old Sacramento, and the city's thriving downtown dining, entertainment, and employment centers. This exceptional location offers a unique combination of a quiet residential neighborhood and convenient access to the energy and amenities of Downtown Sacramento, making it highly desirable for quality tenants. The next owner will acquire a well-maintained, stabilized, low-maintenance asset with strong in-place operations and excellent long-term appreciation potential.
Property Facts
| Price | $2,203,422 CAD | Apartment Style | Garden |
| Price Per Unit | $314,775 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.80% | Building Size | 5,600 SF |
| Gross Rent Multiplier | 10.59 | No. Stories | 2 |
| No. Units | 7 | Year Built/Renovated | 1950/1994 |
| Property Type | Multifamily | Parking Ratio | 0.72/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-3A | ||
| Price | $2,203,422 CAD |
| Price Per Unit | $314,775 CAD |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Gross Rent Multiplier | 10.59 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,600 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/1994 |
| Parking Ratio | 0.72/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3A |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 800 |
| 2+1 | 5 | - | 1,000 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 009-0052-019 | Improvements Assessment | $1,542,306 CAD |
| Land Assessment | $383,487 CAD | Total Assessment | $1,925,793 CAD |
Property Taxes
Parcel Number
009-0052-019
Land Assessment
$383,487 CAD
Improvements Assessment
$1,542,306 CAD
Total Assessment
$1,925,793 CAD
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321 T St
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