| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 63rd | Good |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6300 Fennwood Ct, Sacramento, CA, 95831, US |
| Region / Metro | Sacramento |
| Year of Construction | 1973 |
| Units | 60 |
| Transaction Date | 2025-06-04 |
| Transaction Price | $11,100,000 |
| Buyer | RIVER COVE APARTMENT ASSOCIATES LLC |
| Seller | RIVER COVE APARTMENTS LLC |
6300 Fennwood Ct, Sacramento Multifamily Investment
Neighborhood occupancy sits in the mid-90s with a majority of units renter-occupied, signaling a durable tenant base; according to WDSuite’s CRE market data, rents track above national medians while remaining competitive for workforce demand.
This inner-suburb pocket of Sacramento offers steady renter demand supported by a 56.8% share of renter-occupied housing units at the neighborhood level. For multifamily owners, that depth of renter households helps underpin leasing velocity and supports occupancy in typical cycles.
Parks are a relative strength: the neighborhood ranks 50th out of 561 metro neighborhoods for park density, placing it in the top quartile nationally for access to green space. Everyday retail and cafes are thinner inside the immediate neighborhood, so residents typically look to nearby corridors for groceries, dining, and services, which can favor properties with on-site convenience features.
Home values sit at elevated levels versus national norms, which generally sustains reliance on rental housing and can aid pricing power for well-maintained assets. At the same time, the neighborhood’s rent-to-income profile is around one-quarter, a range that supports retention with prudent lease management.
Within a 3-mile radius, population has grown in recent years with further growth projected, and household counts are expected to expand meaningfully over the next five years. This points to a larger tenant base and supports occupancy stability for professionally managed assets, based on CRE market data from WDSuite.
Relative positioning across the metro is mixed: overall neighborhood rank is 314 of 561 (“around the metro median”), while national percentiles for housing and demographics trends are in the upper half, indicating competitive fundamentals against broader U.S. comparisons.
Safety trends are improving on a year-over-year basis. The neighborhood sits above the national median for overall safety (60th percentile nationwide), and both property and violent offense estimates show notable one-year declines.
In metro context, the area’s crime rank is 176 out of 561 Sacramento–Roseville–Folsom neighborhoods, indicating performance above the metro median. WDSuite’s data also shows strong improvement momentum: estimated property offenses declined at a pace competitive among Sacramento neighborhoods, and violent offense estimates improved at a rate within the top decile nationally. As always, investors should underwrite with submarket and site-level due diligence rather than block-by-block assumptions.
Nearby employers provide a diversified employment base that supports renter demand and commute convenience, including paper and packaging, healthcare services, medical distribution, telecom logistics, and semiconductor offices.
- International Paper — paper & packaging (3.9 miles)
- Xerox State Healthcare — healthcare services (5.8 miles)
- Cardinal Health — medical distribution (6.5 miles)
- DISH Network Distribution Center — telecom logistics (7.4 miles)
- Intel Folsom FM5 — semiconductor offices (21.2 miles)
Constructed in 1973 and totaling 60 units, the property offers a classic value-add profile in a neighborhood with stable renter demand and occupancy in the mid-90s. Being older than the area’s average vintage, the asset may benefit from targeted renovations and systems upgrades to sharpen competitive positioning and drive rent premiums without overextending affordability. According to CRE market data from WDSuite, the neighborhood’s renter-occupied share and above-median national standing for housing fundamentals support a consistent tenant base.
Within a 3-mile radius, rising population and a projected increase in households point to a larger renter pool over the next five years. Elevated home values in the submarket reinforce reliance on multifamily housing, while a rent-to-income profile near one-quarter supports retention potential with disciplined lease management. Key risks include capex for an older asset and thinner walkable retail inside the immediate neighborhood, which can be mitigated by on-site amenities and operational focus.
- Stable renter base and mid-90s neighborhood occupancy support leasing consistency
- 1973 vintage offers value-add and modernization upside versus newer competitive stock
- 3-mile population and household growth expand the tenant pool and support absorption
- Elevated ownership costs sustain rental demand and can aid pricing power
- Risks: capex for older systems and limited immediate retail; underwrite operations and amenities accordingly