8.57% Cap Rate | Under $96K/Unit | 22 Units in Stockton

The Poplar Place Apartments is a well-maintained 22-unit multifamily property located at 310 W. Poplar Street in Stockton, California. Offered at $2,100,000 with an 8.57% cap rate, based on a projected 1/1/2027 rent increase, the asset presents a stable investment opportunity with solid in-place income in a growing Central Valley market.

The property features a desirable unit mix of twenty-two (22) 1-BD / 1-BA units, appealing to consistent demand for affordable and efficient housing. On-site amenities include owned laundry facilities with a laundry room on each floor, a manager’s office, storage/maintenance space, and security cameras. Solar panels installed in 2018 help offset utility expenses, and each floor is equipped with 100-gallon water heaters for added efficiency.

Units offer a functional mix of vinyl plank and tile flooring, along with wall heating and air conditioning. Select units include ceiling fans and dishwashers, while all units are equipped with gas stoves, microwaves, and garbage disposals, providing everyday convenience and supporting tenant retention.