Mariah Manor Apartments

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Address: 1517 17th St, Sacramento, CA 95811, USA
California & West + Apartment Buildings
Created date: February 4, 2026
Date last updated: August 31, 2026
Price: $2,249,000Investment Analyzer NEW!

• Stabilized cash flow with value-add potential
• Modern, well-appointed units in an A+ urban core
• Fully upgraded building systems and interiors
• High-demand rental location with strong tenant appeal
• Additional income upside through RUBS or rental rate adjustments

Property Description

We are proud to present 1517 17th Street an exceptional investment opportunity in the Heart of Midtown Sacramento. The subject property is a fully remodeled, turn-key multifamily asset located in one of Midtown Sacramento’s most vibrant and desirable neighborhoods. This rare offering provides a compelling combination of stabilized income, recent capital improvements, and significant upside potential—all at an attractive cap rate and below-market basis. The subject property consists of 13 Units Total: (5) Standard Studios, (5) Deluxe Studios, (2) 1BR/1BA Units, and (1) Spacious 1BR/1.5BA Unit. Upgrades include a new roof (TPO, installed 6 months ago), brand-new electrical system ($150,000+ invested), modern HVAC systems (Mini Splits & PTAC). The units include open floor plans, new appliances, refinished original hardwood floors, and updated lighting throughout. As you walk into the front door you will notice the upgrades interior hallways featuring new flooring, fresh paint, LED recessed lighting, and a secured access system. Located below the first floor is an on-site manager’s office, full basement for storage, and washer/dryer hookups. Utilities (except water) are already tenant-paid; a RUBS system could add $25–$75/unit monthly by passing along water, sewer, and garbage costs. 1517 17th Street is situated on the corner of 17th & Q Streets, this asset is just one block from Midtown’s bustling retail and entertainment core. Residents enjoy walkable access to boutique shops, parks, popular restaurants, breweries, and nightlife. The property also benefits from alley access, mature trees, and low-maintenance landscaping, enhancing its overall curb appeal and livability. Minutes to California State Capitol, Highway 50 & Highway 80, with easy access to Sacramento’s best neighborhoods and surrounding desirable areas & employment.
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Broker Details

Aaron Frederick
Aaron Frederick

Colliers (916) 830-2584

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $2,249,000
No. of Units: 13
Cap Rate: 6.32%
GRM /GIM: 10.14
Year Built: 1923
Building Size: 5,362 Sq ft
Lot Size: 0.07 Acres
No. of Stories: 2
APN: 006-0236-019
Zoning Code: R-3A-SPD
Opportunity Zone: No
Price per unit: $173,000
Address: 1517 17th St, Sacramento, CA 95811, USA

Additional contacts

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

Investment Analyzer

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Step 4Final Deal Analysis

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