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.
Active
$2,400,000
2230-2226 Sutterville Rd, Sacramento, CA 95822
11beds
8,275sqft
Est.:
5 or More Units
Built in 1939
-- sqft lot
$2,268,900 Zestimate®
$290/sqft
$-- HOA
What's special
- 28 days |
- 1,403 |
- 35 |
Zillow last checked: 8 hours ago
Listing updated: January 20, 2026 at 09:08am
Listed by:
Isaac Merritt DRE #02153945 530-401-1885,
ALIVE Commercial Real Estate
Source: MetroList Services of CA,MLS#: 226006314Originating MLS: MetroList Services, Inc.
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Wall Furnace
Cooling
- Wall Unit(s)
Features
- Flooring: Laminate, Vinyl, Luxury Vinyl Plank
- Has fireplace: No
Interior area
- Total interior livable area: 8,275 sqft
Property
Parking
- Total spaces: 15
Lot
- Size: 0.32 Acres
Details
- Parcel number: 0180021007000
- Zoning description: c-2
- Special conditions: Offer As Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5 or More Units
Materials
- Brick, Stucco
Condition
- Year built: 1939
Community & HOA
Location
- Region: Sacramento
Financial & listing details
- Price per square foot: $290/sqft
- Price range: $2.4M - $2.4M
- Date on market: 1/19/2026
Estimated market value
$2,268,900
$2.16M - $2.38M
$1,447/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/19/2026 | Listed for sale | $2,400,000$290/sqft |
Source: MetroList Services of CA #226006314 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$14,021/mo
Principal & interest
$11701
Property taxes
$2320
Climate risks
Neighborhood: Sacramento City College
Nearby schools
GreatSchools rating
- 6/10Hollywood Park Elementary SchoolGrades: K-6Distance: 0.7 mi
- 7/10California Middle SchoolGrades: 7-8Distance: 1 mi
- 6/10C. K. Mcclatchy High SchoolGrades: 9-12Distance: 0.7 mi
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