2216 O St Immeuble residentiel 9 lots 1 302 900 € (144 767 €/Lot) Sacramento, CA 95816

Marcus & Millichap is pleased to present 2216 O Street Apartments for sale in Sacramento, CA. This charming 9-unit property features eight 1Bed/1Bath units spanning 650 square feet each, alongside a spacious 2Bed/1Bath unit measuring 800 square feet. Situated in the heart of Midtown Sacramento, 2216 O Street offers a unique opportunity for investors to acquire a well-located community with significant value-add potential. Long-term ownership has maintained below market rents to reduce turnover, positioning this property as an outstanding investment opportunity. The interiors retain their original character, showcasing oak hardwood floors, metal and tile countertops, and ample storage. With an average rent of $1,100 per unit, the property presents an exceptional chance to capture a demonstrated $500–$600 per unit in loss-to-lease upside with minimal renovations required upon turnover. Additional income is generated through on-site laundry facilities and a spacious garage available for storage. This offering is ideal for investors seeking a value-add opportunity in one of Sacramento’s most desirable submarkets.