For sale

$1,740,000

Est. $11,836/mo —

•

3,760

sq ft

204 University Ave, Davis, CA 95616

About this home

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).

Multi-familyProperty Type

1962Year Built

6,450 sq ftLot Size

$463Price/Sq.Ft.

6 spacesParking

Listed by Tanner Mohr •DRE #02091548 • Windermere Signature Properties Davis

Listing updated: Oct 7, 2026 at 10:05am

Redfin checked: 2 minutes ago

•Source:MetroList #226117804

Listing provided courtesy of Metrolist Services, Inc (Sacramento)

Payment calculator

$11,836 per month

Principal and interest$9,733

Property taxes

$1,813

HOA dues

Home insurance

$290

Utilities

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Around this home

Schools

K - 12
Preschool & daycare

North Davis Elementary School

Public K-6 • Assigned • 1.0mi

7/10

Oliver Wendell Holmes Junior High School

Public 7-9 • Assigned • 1.0mi

8/10

Davis Senior High School

Public 10-12 • Assigned • 1.0mi

10/10

Provided by GreatSchools

About University

Avenue

University Avenue, located between Richards Boulevard and Russell Boulevard, is a residential and commercial Davis neighborhood with a tree-lined corridor and bike-first street life. The neighborhood’s character concentrates at University Avenue and B Street, where patios, espresso counters, and small storefronts meet steady campus-bound foot and bike traffic. Community pillars include the Mondavi Center for the Performing Arts, the Manetti Shrem Museum of Art, and the Davis Food Co-op. Low-slung midcentury apartments and classic California bungalows sit behind mature shade trees. Greenbelts and campus edges shape daily routes, with parks and quads acting as outdoor living rooms. The pace stays collegiate and walkable, with culture and errands sharing the same blocks.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Ductless heating and cooling
Two-story building

Bedrooms
Five occupied 2-bedroom units (each unit listed as 2 bedrooms)
Total of 5 units

Bathrooms
Most units have 1 full bathroom; one unit has 2 full bathrooms

Laundry & utility
Laundry in each unit

Flooring
Carpet
Vinyl

Heating & cooling
Ductless heating
Ductless cooling

Sale and tax history for 204 University Ave

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2025

$7,352 (+3.8%)

$102,260 + $336,213

$438,473

2024

$7,082 (+2.5%)

$100,255 + $329,621

$429,876

2023

$6,907 (+2.2%)

$98,290 + $323,158

$421,448

2022

$6,755 (+2.6%)

$96,363 + $316,822

$413,185

2021

$6,585 (+1.8%)

$94,474 + $310,610

$405,084

2020

$6,466 (+4.5%)

$92,622 + $304,520

$397,142

2019

$6,189 (+6.6%)

$91,673 + $301,398

$393,071

2018

$5,807 (+2.2%)

$89,876 + $295,489

$385,365

2017

$5,683 (−4.3%)

$86,387 + $284,016

$370,403

2016

$5,940 (+1.7%)

$86,387 + $284,016

$370,403

2015

$5,839 (+1.6%)

$84,694 + $278,448

$363,142

2014

$5,747 (+0.2%)

$81,788 + $268,894

$350,682

2013

$5,736 (+3.7%)

$81,788 + $268,894

$350,682

2012

$5,530 (+1.8%)

$81,419 + $267,679

$349,098

2011

$5,433 (+3.4%)

$79,823 + $267,431

$347,254

2010

$5,253

$78,258 + $257,286

$335,544

2009

$5,250 (+11.3%)

$77,674 + $255,364

$333,038

2008

$4,718

$77,859 + $255,971

$333,830

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

6.75 Acres

Year renovated

1962

Finished Sq. Ft.

3,760

Unfinished Sq. Ft.

—

Total Sq. Ft.

3,760

Year built

1962

Style

Multi-Family (5+ Unit)

County

Yolo County

APN

070065008000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 6, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

6 days above 103° expected this year, 13 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

10/10 Air Factor

26 unhealthy days expected this year, 29 days in 30 years

Provided by First Street

Historical weather

Davis, CA • 95616

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 13.2 hours in June and 4.6 hours in December, placing it above the U.S. average for solar exposure.

13.2 hrs

4.6 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 204 University Ave

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Real Brokerage Technologies, Inc.

Details provided by MetroList and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Property details

Sale and tax history for 204 University Ave

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 204 University Ave

Early Access listings

Nearby similar homes

New listings for sale in 95616

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