204 University Avenue, Davis, CA 95616
- $1,840,000
- 3,760
- SqFt
- List Price
- $1,840,000
- MLS#
- 226117804
- Status
- ACTIVE
- Living Sq. Ft
- 3,760
- Square Footage
- 3760
- Type
- Single Family Residential
- Zip
- 95616
- City
- Davis
Property Description
204 University Avenue provides a rare opportunity to acquire an extremely well located multi-family asset in Downtown Davis, positioned within the highly desirable corridor connecting the Downtown core and UC Davis. The property offers immediate in-place income with full occupancy at acquisition, supported by a strong operating track record and very low vacancies. It also includes a rare opportunity within this neighborhood to eventually redevelop a 3-story property with no onsite parking requirements. Offered for the first time in 46 years, 204 University Avenue represents a compelling combination of irreplaceable location, stable cash flow, and longer-term redevelopment potential in one of Davis's most sought-after submarkets. This fully rented 5 unit property is offered at a 5% cap rate, priced at $1,840,000 with an actual 2025 NOI of $92,042. The property is comprised of 2 bed / 1 bath units with in unit laundry, dedicated off street parking and newer mini split HVAC systems (Oct 2022).
Additional Information
- Land Area (Acres)
- 0.1481
- Year Built
- 1962
- Subtype
- 5 or More Units
- Subtype Description
- Apartments
- Construction
- Frame, Wood
- Foundation
- Raised
- Stories
- 2
- Garage
- Off Street
- Floor Coverings
- Carpet, Vinyl
- Laundry Description
- In Each Unit
- Cooling
- Ductless
- Heat
- Ductless
- Water
- Public
- Utilities
- Cable Available, Sewer In & Connected, Internet Available, Natural Gas Connected
- Sewer
- Public Sewer
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Listing courtesy of Windermere Signature Properties Davis.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .