Fairfield Commons | 46 Units

Colliers is please to offer for sale 618 Plaza Avenue and 595 Santiago Avenue. The subject property consists of two apartment buildings, two parcels, with one facing Plaza Avenue and the other Santiago Avenue in the Noralto District of Old North Sacramento. Both buildings were constructed in 1959 as a well-positioned midcentury urban infill apartment community serving Sacramento’s stable workforce renter base.

The Noralto District of Old North Sacramento is an established urban neighborhood conveniently positioned between Downtown Sacramento and Arden-Arcade. This area is characterized by midcentury housing stock and remains one of Sacramento’s more affordable rental markets, making it attractive to renters seeking proximity to employment centers, retail, and entertainment.

Nearby amenities include Grocery Outlet, King’s Supermarket, and a wide selection of local and national restaurants, including McDonald’s, Carl’s Jr., Taco Bell, Little Caesars, and Popeyes. Market Square at Arden Fair Mall is approximately 2.2 miles (10 minutes) away, providing access to the broader Arden-Arcade retail corridor. Downtown Sacramento and the Golden 1 Center are located approximately 5.6 miles (12 minutes) from the property.

A new investor will benefit from meaningful upside through the implementation of a RUBS (Ratio Utility Billing System), allowing for partial utility cost recovery. Additional value can be achieved by continuing interior upgrades during unit turnover.

Please call the brokers for more information.