9S 905 S St 186 Unit Apartment Building $10,956,213 CAD ($58,904 CAD/Unit) Sacramento, CA 95811

Turton Commercial Real Estate, as exclusive advisor to Anthem Properties, is pleased to present the opportunity to acquire 9S, a fully entitled ±50,845 square foot mixed-use development site located at the intersection of 9th & S Street in Downtown Sacramento.
Positioned within Sacramento’s established R Street Corridor, 9S offers developers a rare opportunity to deliver much-needed urban housing in one of the city’s most active infill neighborhoods. With entitlements in place, flexible RMX-SPD zoning, and a location surrounded by walkable amenities, transit access, employment drivers, and existing residential density, the Property is well suited for an affordable-by-design housing concept focused on efficient unit planning, attainable rents, and long-term neighborhood demand.
9S offers a compelling economic foundation for an affordable-by-design residential program. With projected residential gross rents of approximately $4.00 per square foot per month and estimated operating expenses of approximately $1.00 per square foot per month, the Property supports net residential income of approximately $3.00 per square foot per month, or $36.00 per square foot annually. When measured against an estimated all-in development cost basis of approximately $425 per square foot, the resulting 8.47% initial unlevered yield underscores the strength of the opportunity without relying on luxury rent premiums.
The surrounding R Street Corridor has evolved into one of Sacramento’s most recognizable mixed-use districts, defined by adaptive reuse architecture, local restaurants, creative office users, residential projects, entertainment venues, and daily-needs retail. This amenity-rich environment supports a compelling residential offering without requiring a luxury positioning, creating an opportunity to serve the growing renter base seeking well-located, thoughtfully designed, and more attainable housing within the urban core.
9S benefits from immediate access to Downtown Sacramento, Midtown, the Ice Blocks, nearby employment centers, and regional transportation corridors including Interstate 5, Highway 50, and Interstate 80. Sacramento International Airport is located approximately 15 minutes from the Property, further enhancing the site’s regional connectivity.
Fully entitled and located within a designated Opportunity Zone, 9S provides a streamlined path toward development in a supply-constrained infill location. As large-scale sites within the R Street Corridor become increasingly scarce, the Property presents a compelling opportunity for a developer to deliver an efficient, high-density housing project that responds directly to Sacramento’s growing demand for attainable urban living.