317 5th Street
Multifamily | 8 Units | $184,375/unit
Marketing description
The DeLoney Group of Marcus & Millichap is pleased to present 317 5th Street, a centrally located 8-unit multifamily asset situated in the heart of Downtown Marysville. The offering presents investors the opportunity to acquire a cash-flowing apartment community with significant rental upside in a supply-constrained market. The property consists of three spacious three-bedroom/one-bath units and five oversized two-bedroom/one-bath units, with unit sizes averaging approximately 1,200 square feet — a rarity compared to the smaller product typically found throughout the surrounding submarket.
Originally constructed in 1908, the property offers a compelling blend of historic character and modernized interiors. Select renovations and recent capital improvements help reduce near-term maintenance obligations while positioning ownership to continue driving rental growth through operational efficiencies and unit turnover strategy. The property's large floor plans appeal to workforce housing tenants and families seeking more livable space than competing apartment product in the area.
Located along Highway 70, the property benefits from convenient regional access throughout Yuba-Sutter County while remaining within walking distance of Downtown Marysville employers, restaurants, retail amenities, and government services. The surrounding neighborhood has historically maintained strong occupancy fundamentals due to limited new multifamily construction and affordability advantages relative to larger Northern California markets.
Please do not disturb management or residents. All tours must be scheduled through The DeLoney Group.
Investment highlights
- Rare Downtown Marysville featuring oversized 2-bedroom and 3-bedroom floor plans averaging approximately 1,200 SF per unit
- Unit interiors 100% renovated in 2020, providing strong in-place cash flow with additional upside through continued rent growth and operational efficiencies
- Excellent location - walking distance to Downtown Marysville employers, retail, restaurants, and convenient access to Highway 70
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