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33693308
33693307

2809 H St, Sacramento, CA 95816

DD
CA 02045150
Marcus & Millichap - Sacramento
TD
CA 01920427
Marcus & Millichap - Sacramento
DH
CA: 01292212
Marcus & Millichap - Downtown Sacramento
Listed by Marcus & Millichap - Sacramento, Marcus & Millichap - Downtown Sacramento
$3,600,000
2 days on market
Updated 2 days ago

Fireside 16

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,105
Units 16
Cap Rate 4.64%
NOI $166,936
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.52%
Pro-Forma NOI $234,745
Price per SqFt $356
Year Built 1972
Buildings 1
Acreage 0.290
Parking Spaces 20 spaces
Parking Per SqFt 1.98
Investment Type Value Add

Multifamily | 4.64% CAP | 16 Units

Marketing description

The DeLoney Group of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Fireside 16, a well-maintained 16-unit garden-style apartment community located at 2809–2815 H Street in Midtown Sacramento, California.

Originally constructed in 1972, Fireside 16 has been owned and operated by the same ownership for the past 28 years, reflecting nearly three decades of consistent stewardship and pride of ownership. In recent years, the property has undergone interior upgrades, with select units featuring granite countertops, stainless steel appliances, and luxury vinyl plank (LVP) flooring, helping maintain strong tenant appeal while still offering additional renovation upside for a future owner.

The apartment homes feature central HVAC, a highly desirable amenity for renters in Sacramento’s hot summer climate. The property also offers ample off-street parking, a valuable convenience in the highly walkable Midtown neighborhood. Fireside 16 is pedestrian gated, and residents are greeted by lush landscaping, creating a private residential setting while still benefiting from its urban location.

Residents enjoy immediate proximity to some of Sacramento’s most desirable neighborhood amenities, including Sutter Medical Center Sacramento and the renowned McKinley Park, both within walking distance of the property. Additionally, the property is positioned near Midtown’s vibrant dining, retail, and entertainment corridors along J Street, H Street, and Alhambra Boulevard, while remaining just minutes from Downtown Sacramento, the State Capitol, DOCO, and major employment centers. With its strong Midtown location, long-term ownership history, and attractive property amenities, Fireside 16 represents a rare opportunity to acquire a stable, well-located multifamily asset in one of Sacramento’s most desirable urban neighborhoods.

Investment highlights

  • Prime Midtown Sacramento Location – Walking distance to Sutter Medical Center Sacramento and McKinley Park, with immediate access to
  • Midtown’s dining, retail, and entertainment corridors.
  • Long-Term Ownership Since 1998 – Nearly three decades of consistent stewardship and pride of ownership.
  • Proven Value Add Model– Renovated units feature granite countertops, stainless steel appliances, and LVP flooring, with additional value-add potential remaining.
  • Attractive Community Amenities – Gated property with lush landscaping, central HVAC in units, and ample off-street parking in one of Sacramento’s most desirable rental submarkets.

Listing Contacts

DD
CA 02045150
Marcus & Millichap - Sacramento
TD
CA 01920427
Marcus & Millichap - Sacramento
DH
CA: 01292212
Marcus & Millichap - Downtown Sacramento
Listed by Marcus & Millichap - Sacramento, Marcus & Millichap - Downtown Sacramento

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$166,936.00
$13,911.33/mo

Valuation Metrics

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DSCR
4.64%
Cap Rate
4.64%
ROI

Map

Zoning

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R-3A-SPD-CENC SpecialMulti Unit Dwelling Zone Special Planning Central City
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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