OWNER EDUCATION · 2-MINUTE VIDEO
Watch this introduction, then explore the timeline, practical checklist, and replacement-property opportunities below.
Discuss a Potential Exchange ↗General education only. Consult your qualified intermediary and tax and legal advisers about your exchange.
NORTHERN CALIFORNIA · MULTIFAMILY ABOVE $5 MILLION
Explore four publicly advertised apartment opportunities for potential replacement-property consideration. These are third-party listings, not JPMI exclusive listings. Confirm current availability and terms with the listing broker before identifying a property.
Sources reviewed October 2, 2026. This is a dated selection, not a live listing feed. A listing here does not establish 1031 eligibility; review your transaction with your qualified intermediary and tax adviser.
SUISUN CITY · 62 UNITS
1400 Humphrey Drive, Suisun City, CA 94585
Advertised asking price: $14,950,000Garden-style apartment community with one-, two-, and three-bedroom layouts, a pool, and on-site laundry.
Listing broker: Jon Holmquist · Marcus & Millichap
View listing & photos ↗SANTA ROSA · 35 UNITS
725 W College Avenue, Santa Rosa, CA 95401
Advertised asking price: $11,800,000A mix of townhome-style apartments and flats on approximately 2.8 acres, with garages and a pool.
Listing broker: Adam Foley · CBRE, Inc.
View listing & photos ↗ROHNERT PARK · 36 UNITS
8025 Beverly Drive, Rohnert Park, CA 94928
Advertised asking price: $11,000,000Apartment community marketed for student or market-rate housing, with shared recreation and laundry amenities. Verify permitted use and leasing arrangements.
Listing brokers: Kate Raphael Smith & Scott Gerber · NorCal Commercial, Inc.
View listing & photos ↗SANTA ROSA · 32 UNITS
1570 North Street, Santa Rosa, CA 95404
Advertised asking price: $8,900,000Townhome-style apartment community with a pool and on-site parking, near Santa Rosa Junior College.
Listing brokerage: CBRE. Price source: Crexi; property details: LoopNet.
View listing & photos ↗Have an exchange timeline? Let’s discuss your acquisition criteria.
Discuss These Properties ↗WHAT A 1031 EXCHANGE IS
A properly structured Section 1031 exchange may allow an owner to defer recognition of some taxable gain when qualifying investment or business real property is exchanged for other qualifying real property. The tax outcome depends on the full transaction and the owner’s facts.
THE BASIC TIMELINE
After closing the relinquished property, identify potential replacement property in writing within 45 days. The identification rules are precise—work with your qualified intermediary and tax adviser early.
Complete the replacement-property acquisition by the earlier of 180 days after the sale or your tax-return due date, including extensions.
Timing rules summarized from IRS Form 8824 instructions and Publication 544.
A PRACTICAL CHECKLIST
Every exchange should be coordinated with a qualified intermediary, tax professional, attorney, lender, and brokerage team as appropriate.
DO
DON’T
POTENTIAL BENEFITS & TRADEOFFS
Deferring recognized gain may leave more proceeds available for replacement-property equity, subject to transaction costs, financing, and tax advice.
An owner may use an exchange to move among qualifying real-property types, markets, management demands, or asset sizes.
Deadlines, identification rules, financing, and inventory constraints can make an exchange challenging. Deferred tax is not necessarily eliminated.
MULTIFAMILY & 1031 ACTIVITY
There is no comprehensive public, real-time national count of multifamily properties bought and sold through 1031 exchanges. Property-level exchange treatment is generally not reported in public sale data.
That is a share of exchanges in the study—not a count of all U.S. multifamily transactions or a prediction of future activity. Treat it as directional context, not a market statistic for a specific property or area.
Source: Ling & Petrova, Tax and Economic Impacts of Like-Kind Exchanges in Real Estate (2020), summarized by 1031 Builds America. JPMI has not independently verified its underlying dataset.
START EARLY
If you are considering a disposition or evaluating replacement options, a conversation before closing can help define the brokerage and market work ahead.
JPMI · DRE# 01374632
Educational discussion only. JPMI can help with brokerage and market strategy. Consult qualified legal, tax, and qualified-intermediary professionals for exchange eligibility and structure.
Request a Confidential Conversation ↗Information is for general educational purposes and is not investment, legal, tax, or financing advice.