3715 Norwood Avenue

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Address: 3715 Norwood Ave, Sacramento, CA 95838, USA
California & West + Apartment Buildings
Created date: August 12, 2026
Date last updated: September 3, 2026
Price: $808,000Investment Analyzer NEW!
  • All spacious 2-bedrooms
  • Value-add: RUBS program projects ~$50/unit/month
  • Light wood flooring throughout
  • Modern bathrooms with tiled shower/tub surrounds
  • In-unit stackable washer & dryer
  • Gas ranges + refrigerators included
  • Wall-mounted heating & A/C
  • Select units with updated cabinets & countertops
  • Shared community backyard + onsite parking (in front of building)
  • Residents pay gas & electric

Property Description

Situated at 3715 Norwood Avenue in Sacramento, this 6-unit apartment community offers convenient access to major commuter routes, shopping, dining, and everyday essentials. Located just minutes from Interstate 80, residents enjoy easy connectivity to Downtown Sacramento and nearby employment centers. The property sits close to Arden Fair Mall and national retailers including Target, Costco, and Home Depot, with a variety of dining options minutes away, an attractive location for renters seeking both accessibility and neighborhood appeal. Built in 1963 and thoughtfully updated over the past several years, the community consists exclusively of spacious two-bedroom units. Interior features include light wood flooring, modern bathroom finishes with tiled shower/tub surrounds, gas ranges, refrigerators, in-unit stackable washer/dryers, and wall-mounted heating and air conditioning. Select units have been upgraded with new cabinetry and countertops for an updated, contemporary feel. Community amenities include a shared backyard and onsite parking. With residents already responsible for gas and electricity, implementation of a RUBS (Ratio Utility Billing System) program projects approximately $50 per unit per month in recoverable utility reimbursements, a clear path to additional NOI. Combined with recent interior improvements, desirable two-bedroom floor plans, and a strong infill location, 3715 Norwood presents an appealing addition to any Sacramento multifamily portfolio.
Sold

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Broker Details

Aaron Frederick
Aaron Frederick

Colliers (916) 830-2584

Key Property Information

Listing Status: Sold
Sold Date: 02-09-2026
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $808,000
No. of Units: 6
Cap Rate: 7.22%
GRM /GIM: 8.03
Average Occupancy: 100
Year Built: 1963
Building Size: 4,500 Sq ft
Lot Size: 0.19 Acres
No. of Stories: 2
APN: 250-0331-006
Zoning Code: R-2A
Opportunity Zone: No
Price per unit: $141,667
Address: 3715 Norwood Ave, Sacramento, CA 95838, USA

Additional contacts

Full name Phone number Email address
Matt Sarro 916-616-5267 [email protected]
Trevor Meleski 530-903-0959 [email protected]

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