| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Fair |
| Demographics | 64th | Good |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 54 Quay Ct, Sacramento, CA, 95831, US |
| Region / Metro | Sacramento |
| Year of Construction | 1979 |
| Units | 98 |
| Transaction Date | 2019-05-23 |
| Transaction Price | $26,800,000 |
| Buyer | KMF XII SACRAMENTO LLC |
| Seller | POCKET TOWNHOMES LLC |
54 Quay Ct Sacramento Multifamily Investment
This 98-unit property built in 1979 sits in a B+ rated neighborhood with above-average net operating income per unit, according to CRE market data from WDSuite.
The property is located in an inner suburb Sacramento neighborhood ranking 162nd among 561 metro neighborhoods, earning a B+ rating with strong demographics that rank in the 74th percentile nationally. The area demonstrates solid fundamentals for multifamily property research, with a median household income of $97,001 and 29.7% of residents holding bachelor's degrees, placing education levels in the top quartile nationally.
Built in 1979, this property aligns with the neighborhood's average construction year of 1970, suggesting potential value-add opportunities through strategic capital improvements and unit upgrades. The area maintains a healthy rental market with 34.2% of housing units occupied by renters, supporting consistent tenant demand.
Within a 3-mile radius, demographic statistics show a population of approximately 82,500 with median household income of $103,672. The area is experiencing steady growth with a projected 6.3% population increase through 2028, expanding the potential renter pool. Forecast data indicates household income growth of 33.5% over the next five years, supporting rent growth potential and tenant retention.
Local amenities include above-average restaurant density ranking 220th among metro neighborhoods, while grocery store access ranks 196th regionally in the 77th percentile nationally. The neighborhood shows moderate occupancy rates at 91.6%, providing stability while leaving room for operational improvements.
The neighborhood's crime metrics show a mixed profile, ranking 225th among 561 Sacramento metro neighborhoods in the 56th percentile nationally for overall crime. Property offense rates have declined significantly by 51.6% over the past year, ranking in the 88th percentile nationally for improvement trends.
Violent crime rates also demonstrate positive momentum with a 67.5% decrease year-over-year, placing the area in the 94th percentile nationally for violent crime reduction. While current violent offense rates remain elevated compared to metro averages, the substantial downward trend suggests improving conditions that may support tenant retention and property values.
The surrounding area benefits from proximity to several corporate employers that provide workforce housing demand, including distribution and healthcare operations within reasonable commuting distance.
- International Paper — manufacturing and distribution (3.8 miles)
- Xerox State Healthcare — healthcare services (5.5 miles)
- Cardinal Health — healthcare distribution (6.8 miles)
- DISH Network Distribution Center — telecommunications distribution (7.9 miles)
This 98-unit property presents a value-add opportunity in a demographically stable Sacramento neighborhood. The 1979 construction year aligns with area averages, positioning the asset for strategic renovations and unit improvements. Commercial real estate analysis indicates the neighborhood generates above-average NOI per unit at $9,728, ranking in the 78th percentile nationally, while maintaining reasonable rent-to-income ratios that support tenant affordability.
Demographic projections within the 3-mile radius show household income growth of 33.5% through 2028, supporting rental rate increases and tenant quality. The area's 34.2% renter occupancy rate provides consistent demand, while recent crime reductions of over 50% for both property and violent offenses suggest improving neighborhood conditions.
- Above-average neighborhood NOI performance with 78th percentile national ranking
- Strong demographic fundamentals with projected 33.5% household income growth through 2028
- Value-add potential through strategic renovations of 1979 vintage units
- Improving safety trends with significant crime reduction over past year
- Risk consideration: Moderate occupancy rates require active management and potential concessions