2009 N Street

Newmark, as the exclusive advisor, is pleased to present a prime investment opportunity at 2009 N Street, Sacramento, CA, a fully leased, fee simple property promising stable returns in a thriving urban locale. Priced at $2,050,000 with a 5% acquisition Cap Rate, this dynamic investment property boasts two distinct buildings: 2009 N ST- a colonial structure with three modern and renovated residential flats, and the other, 2009 Matsui Alley-Federalist Pizza- a trend-setting pizza restaurant and taproom within 7 creatively re-purposed shipping containers.
2009 N Street features three residential units, each meticulously maintained and desirable to tenants seeking the charm and convenience of city living. Originally built in 1907 and extensively renovated in years 2012, 2014, and 2024, each flat is designed with thoughtful attention to detail, combining urban style with cozy functionality. Unit 1 is a 3 bed/1 bath flat on the first floor and is approximately 1,600sf. The second story flat is a 3 bed/ 2 bath unit and is 1,550 sf. And lastly, a third story studio with bright light and views is +/-500 sf. All tenants are on term leases. Situated in a vibrant neighborhood, these units ensure consistent occupancy
with their modern amenities and appeal to both professionals and families who appreciate Sacramento’s dynamic culture and community.
Adding to the property’s allure is a high-demand commercial tenant, Federalist Pizza. Located at 2009 Matsui Alley, this popular dining destination has become a staple in the community since 2014, drawing foot traffic and enhancing the
investment’s value. This structure is 2,200 square feet and features communal seating (taproom), an outdoor pizza oven, a walk-in freezer, and 2 ADA bathrooms. Showing financial strength in the tenant, Federalist Pizza has extended their lease
an additional 5 years, expiring in February 2029, with the option to extend by an additional 5 years at FMV.
The combination of robust residential leasing and a strong commercial presence provides investors with a balanced portfolio offering long-term stability and profitability. Don’t miss the chance to own this exceptional investment property, perfectly positioned to capitalize on Sacramento’s real estate growth and dynamic urban lifestyle.