Homes for sale - 2230 Sutterville RD, Sacramento, CA 95822

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HomeSmart ICARE Realty

info@hsicare.com +1(916) 993-8680

$ 2,400,000

Est. payment | -/mo

8,275 SqFt

Save

$ 2,400,000

Est. payment | -/mo

Save

8,275 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 8,275 sqft

Price per Sqft $290

MLS Listing ID 226006314

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 north of a 7% 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

Listed by ALIVE Commercial Real Estate

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

9

Crocker/Riverside Elementary School

Public | KG - 6
7

Leonardo Da Vinci

Public | KG - 8
7

Theodore Judah Elementary School

Public | KG - 6
6

Pony Express Elementary School

Public | KG - 6
6

William Land Elementary School

Public | KG - 6
6

St. Hope Public School 7

Public | KG - 8
6

Father Keith B. Kenny Elementary School

Public | KG - 6
6

David Lubin Elementary School

Public | KG - 6
5

Sol Aureus College Preparatory

Public | KG - 8
5

Stonegate Elementary School

Public | KG - 8
5

Sutterville Elementary School

Public | KG - 6
5

H. W. Harkness Elementary School

Public | KG - 6
5

Washington Elementary School

Public | KG - 6
5

The Language Academy of Sacramento

Public | KG - 8
4

Alice Birney Waldorf-Inspired

Public | KG - 8
3

Bowling Green Elementary School

Public | KG - 6
2

Hollywood Park Elementary School

Public | KG - 6
2

Aspire Capitol Heights Academy

Public | KG - 8
2

Nicholas Elementary School

Public | KG - 6
1

Caroline Wenzel Elementary School

Public | KG - 6

Middle Schools 7

8

Sutter Middle School

Public | 7 - 8
6

Oak Park Preparatory Academy

Public | 7 - 8
5

California Middle School

Public | 7 - 8
3

Sam Brannan Middle School

Public | 7 - 8
3

Fern Bacon Middle School

Public | 7 - 8
0

Evergreen Middle School

Public | 7 - 9
0

Mvp Diamond Academy

Private | 7 - 8

High Schools 9

6

C. K. McClatchy High School

Public | 9 - 12
6

Sacramento Charter High School

Public | 9 - 12
5

New Technology High School

Public | 9 - 12
4

Arthur A. Benjamin Health Professions High School

Public | 9 - 12
4

The Met

Public | 9 - 12
1

Luther Burbank High School

Public | 9 - 12
0

Yolo High School

Public | 9 - 12
0

American Legion High (Continuation)

Public | 9 - 12
0

Christian Brothers High School

Private | 9 - 12

School and business data provided by Attom Data.

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+1(916) 993-8680

info@hsicare.com

1891 E. Roseville Parkway Suite 180, Roseville, CA, 95661

2230 Sutterville RD Sacramento, CA 95822