616 17th Street Apartments

Nestled in the heart of downtown Sacramento, this vibrant area offers an array of attractions and amenities for multifamily and high-rise investors. The location provides easy access to notable landmarks such as the California State Capitol, Golden 1 Center, and the bustling R Street corridor, known for its dining and nightlife venues. With its proximity to the Capitol Mall and Sacramento River, the area offers picturesque outdoor spaces and recreational opportunities. The urban energy, coupled with a rich cultural scene and a thriving business district, makes this an enticing investment prospect for those seeking to capitalize on the dynamic Sacramento real estate market.The DeLoney Group at Marcus & Millichap is pleased to present the exclusive opportunity to acquire 616 17th Street, a well-maintained seven-unit apartment community located in the heart of Midtown Sacramento, one of Northern California's most desirable and supply-constrained rental markets. Owned by the same family for the past 23 years, the property reflects exceptional pride of ownership and consistent stewardship, offering investors a stable, well-cared-for asset with dependable in-place income and outstanding long-term fundamentals. The property features exclusively 1- bedroom 1-bathroom units, but with spacious floor plans, attractive curb appeal, garage / off street parking, and an on-site laundry facility. Both the building's exterior and interiors have been meticulously maintained over the years, resulting in minimal deferred maintenance and a turnkey investment opportunity for the next owner. Ideally positioned just blocks from the California State Capitol, the R Street Corridor, Golden 1 Center, and Midtown's renowned collection of restaurants, cafés, and entertainment, residents enjoy one of Sacramento's most walkable and desirable neighborhoods. The property's irreplaceable location, combined with Midtown's historically strong rental demand, provides an excellent foundation for long-term appreciation and stable occupancy. 616 17th Street is available for purchase individually or together with the four-unit sister property located directly across the street at 614 17th Street. Whether acquired as a standalone investment or as part of an eleven-unit portfolio, the offering presents a rare opportunity to own well-maintained multifamily assets in one of Sacramento's premier urban neighborhoods. All tours must be scheduled through The DeLoney Group. Please do not disturb management or residents.