| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Poor |
| Demographics | 29th | Poor |
| Amenities | 57th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2631 Howe Ave, Sacramento, CA, 95821, US |
| Region / Metro | Sacramento |
| Year of Construction | 1974 |
| Units | 38 |
| Transaction Date | 2010-02-01 |
| Transaction Price | $1,660,000 |
| Buyer | SRI ARDEN LLC |
| Seller | 2631 HOWE APARTMENTS LLC |
2631 Howe Ave Sacramento Multifamily Investment
Neighborhood renter concentration and steady occupancy point to durable leasing demand, according to WDSuite s CRE market data. This inner-suburb location offers everyday conveniences that support retention, with prudent attention to price sensitivity in the submarket based on commercial real estate analysis.
This Inner Suburb pocket of Sacramento offers practical fundamentals for workforce housing. Neighborhood services are a clear strength: grocery and pharmacy access rank near the top of the metro, while childcare density is competitive, according to WDSuite s CRE market data. In contrast, parks and caf e9 options are limited, so marketing should emphasize daily convenience over recreation. Median home values are elevated for local incomes, which tends to sustain rental reliance and supports tenant retention for well-managed assets.
Neighborhood occupancy is around the national midpoint, and the share of renter-occupied housing units is in the top quartile among 561 metro neighborhoods an indicator of a deep renter pool and stable demand for multifamily. Rent-to-income levels signal manageable affordability pressure for effective lease management, though operators should calibrate renewal strategies thoughtfully.
Within a 3-mile radius, population and household counts have grown and are projected to continue increasing over the next five years, expanding the local renter base. This steady demographic backdrop supports occupancy stability and gradual absorption, reinforcing a service-oriented positioning rather than premium amenity competition.
The property s 1974 vintage is newer than the neighborhood s older housing stock. That competitive edge versus mid-century buildings can help with positioning, while still leaving room for targeted modernization to drive rents, reduce turnover, or improve operating efficiency.
Safety outcomes in this neighborhood are below metro and national averages, indicating a weaker relative safety profile. However, WDSuite data show that both violent and property offense rates declined sharply over the past year, an improving trend investors can monitor for persistence rather than assume as permanent.
Framing risk appropriately, this area is not among the safer parts of the Sacramento metro, but recent year-over-year improvements suggest potential stabilization. Owners should align on-site security, lighting, and community engagement with operating plans and underwriting assumptions.
Proximity to healthcare distribution, telecom logistics, paper and packaging, healthcare IT, and semiconductor/R&D employers supports a broad commuter tenant base and can aid retention through commute convenience.
- Cardinal Health healthcare distribution (2.8 miles)
- DISH Network Distribution Center telecom logistics (6.0 miles)
- International Paper paper & packaging (7.4 miles)
- Xerox State Healthcare healthcare IT services (7.9 miles)
- Intel Folsom FM5 semiconductors/R&D (13.7 miles)
2631 Howe Ave presents a practical, service-rich location with renter demand supported by a high neighborhood share of renter-occupied units and steady occupancy near national norms. The 1974 vintage is relatively newer than much of the surrounding stock, offering competitive positioning with room for targeted value-add to enhance rents and reduce turnover. According to CRE market data from WDSuite, neighborhood essentials like groceries, pharmacies, and childcare are strong, which can underpin retention even as residents show sensitivity to pricing.
Within a 3-mile radius, recent and projected increases in population and households point to a gradually expanding tenant base, supporting leasing stability over the medium term. Elevated ownership costs relative to local incomes help sustain reliance on rental housing, while operators should balance rent growth objectives with affordability and safety considerations specific to this submarket.
- Deep renter pool and occupancy near national norms support demand durability
- Service-rich location (grocery, pharmacy, childcare) aids retention and leasing
- 1974 vintage offers value-add and modernization upside versus older nearby stock
- 3-mile population and household growth expand the tenant base over time
- Risks: below-average safety, limited parks/caf e9 amenities, and tenant price sensitivity