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8 Beds
5 Baths
3,008 sqft

$1,840,000

204 University Avenue, Davis CA, 95616

Price per sqft$611.70
Built in1962
Property size3,008 sqft
Property typeMulti-family

Overview

Active

Listed Sep 24, 2026

Updated 30h ago

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).

$12,242/mo

Est. mortgage payment based on a $1,840,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
226117804

Interior Features

Bedrooms
8
Bathrooms
5
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.15 Acres

Other Property Details

Taxes
$7,352
Tax Frequency
Annually
Maintenance Expense
$14,441
MLS provider logo

Courtesy of Windermere Signature Properties Davis, Tanner Mohr,
Listing Contact:  

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