240 2nd St
Davis, CA 95616
University Avenue
16 Beds
4 Baths
6,592 sqft
16 Beds
4 Baths
6,592 sqft
Local Information
© Google
-- mins to
Description
Well-located 8-unit apartment building in the heart of Downtown Davis, just two blocks from UC Davis and within walking distance to restaurants, shopping, the Davis Farmers Market, and the Amtrak train station. Opportunities to acquire apartment properties in this immediate area are extremely limited, with very few sales occurring over the past decade, making this a rare offering in one of the most sought-after rental markets in Northern California. This highly desirable location supports strong and consistent rental demand driven by the university, excellent walkability, and limited housing supply. The property consists of eight 2 bedroom, 1 bath units (16 bedrooms total) and is currently fully leased with a strong occupancy history, providing stable in-place income. Two units are below market due to long-term tenancy, offering clear upside potential as rents move toward market levels. Additional income opportunities include potential increases to market rents, monetizing on-site laundry, implementing parking charges, and future tenant reimbursement of water, sewer, and garbage expenses. The property has been significantly updated over time by ownership, including replacement of exterior siding, roof improvements, upgraded electrical subpanels (2024), and extensive interior renovations to kitchens and bathrooms. Additional upgrades include updated flooring and various system improvements, contributing to a well-maintained asset with reduced near-term capital needs. Tenants are individually metered for gas and electricity, with water, sewer, and garbage paid by ownership, supporting an efficient operating profile. Ideal investment for both UC Davis parents and traditional investors seeking a well-positioned asset with stable income, strong demand, and long-term upside in a tightly held and supply constrained market.
Home Highlights
Parking
Open Parking
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$409
Listed
13 days ago
Home Details for 240 2nd St
|
|---|
MLS Status: Active |
|
|---|
Beds & Baths Number of Bedrooms: 16Number of Bathrooms: 4Number of Bathrooms (full): 4 |
Dimensions and Layout Living Area: 6592 Square Feet |
Appliances & Utilities Appliances: Dishwasher, Microwave, Free-Standing Electric OvenDishwasherMicrowave |
Heating & Cooling Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central |
Fireplace & Spa No Fireplace |
Windows, Doors, Floors & Walls Flooring: Tile, Wood, Luxury Vinyl Plank |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoFloors: Tile, Wood, Luxury Vinyl Plank |
|
|---|
Exterior Home Features Roof: Flat Other |
Parking & Garage No CarportNo Attached GarageHas Open ParkingParking Spaces: 8Parking: Open,Uncovered |
|
|---|
Days on Market: 13 |
|
|---|
Year Built Year Built: 1964 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: 5 or More Units |
Building Construction Materials: Frame |
|
|---|
Price List Price: $2,695,000Price Per Sqft: $409 |
|
|---|
Direction & Address City: Davis |
|
|---|
Listing Agent Listing ID: 226048142 |
|
|---|
Association for this Listing: MetroList Services, Inc.HOA Fee: No HOA Fee |
|
|---|
Lot Area: 10249.668 sqft |
|
|---|
Special Conditions: Standard |
|
|---|
Mobile Home Park Mobile Home Units: Feet |
|
|---|
Expense Tenant Pays: Electricity, Gas |
|
|---|
Are Units Furnished: None |
|
|---|
Mls Number: 226048142 |
Last check for updates: about 8 hours ago
Listing courtesy of Ciana Wallace DRE #01309577, (530) 902-4262
RE/MAX Gold, Good Home Group
Originating MLS: MetroList Services, Inc.
Source: MetroList Services of CA, MLS#226048142
Price History for 240 2nd St
| Date | Price | Event | Source |
|---|---|---|---|
| 04/23/2026 | $2,695,000 | Listed For Sale | MetroList Services of CA #226048142 |
Similar Homes You May Like
0.31 ACRES- NEW - 2 DAYS AGO0.35 ACRES
See more homes for sale inDavis
New Listings near 240 2nd St
- 0.76 ACRES
- 0.28 ACRES
- 0.26 ACRES
- 0.76 ACRES
- 1.31 ACRES
- 0.87 ACRES
- 0.39 ACRES
- 0.39 ACRES
- 0.31 ACRES
- 0.26 ACRES
- See more homes for sale inDavis
Comparable Sales for 240 2nd St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.76 | Multi-Family Home | $800,000 | 11/18/25 | 4 | 2 | 2,050 | |
0.76 | Multi-Family Home | $850,000 | 05/22/25 | 4 | 2 | 2,000 | |
1.19 | Multi-Family Home | $900,000 | 07/11/25 | 6 | 4 | 3,450 | |
1.51 | Multi-Family Home | $1,130,000 | 08/29/25 | 5 | 3 | 2,286 | |
1.15 | Multi-Family Home | $846,300 | 05/13/25 | 4 | 1 | 1,888 |
Assigned Schools
These are the assigned schools for 240 2nd St.
- Davis Senior High School
- 10-12
- Public
- 1755 Students
10/10GreatSchools RatingParent Rating AverageDavis High is a great school with great teachers. My son is a senior and has had a great experience. Competition is pretty high as the town (Davis) is a small community with a very large University of California campus, and thus is filled with parents who have advanced degrees and very high academic standards. I suspect academically weaker students will feel this, but on the other hand academically talented students will have the opportunity to excel. If your child is not academically strong (or at least average) they may be best served by other alternatives in Davis (Da Vinci High), a private school, or in nearby high schools.Parent Review2y ago - Oliver Wendell Holmes Junior High School
- 7-9
- Public
- 588 Students
8/10GreatSchools RatingParent Rating AverageI am currently a 8th grader at Holmes and most of my experiences here have been absolutely wonderful.The teachers here are always engaged in teaching and they go out and beyond in ensuring students learn successfully.A few teachers that deserve recognition are Ms. Caves,Mrs. Tibbetts,Mr. Nush,Mrs. Pegg and Mrs. Broaddus.Especially Mrs. Broaddusshe is a perfect example of what a teacher should be.She always teaches students stuff that is useful and helpful,and is always attentive and willing to listen to her students voices.Mrs. Pegg is always so happy and kind and never shows her bad moods to us.She treats each and every one of us equally and she never favors or dislikes students.The food here is good too.There are a few negative parts about this school though.The mental health system here is very backwards.I recently got out of speech after 2 years.Mrs. Debow and Mrs. Addy are so kind and understanding to the students that they serve.Unfortunately,still the system is bad.The only things that happened in mental health were pretty much breathing exercises and one on one talking.It was a useless waste of time.Unfortunately,this school does not do a lot about bullying.There is anonymous Form to fill out to report such,but I never heard back after doing so.Also,the orchestra teacher at this school has been truly disrespectful to his students,he also has used school funds for his personal use.Student Review6mo ago - North Davis Elementary School
- K-6
- Public
- 552 Students
7/10GreatSchools RatingParent Rating AverageBe careful who is your kids teacher! Very bad experience.Parent Review1y ago 
Check out schools near 240 2nd St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Ciana Wallace, RE/MAX Gold, Good Home Group
Agent Phone: (530) 902-4262
240 2nd St, Davis, CA 95616 is a 16 bedroom, 4 bathroom, 6,592 sqft multi-family built in 1964. 240 2nd St is located in University Avenue, Davis. This property is currently available for sale and was listed by MetroList Services of CA on Apr 23, 2026. The MLS # for this home is MLS# 226048142.