1808 P St - Apartments FOR SALE


Sacramento, CA 95811- Midtown Sacramento
$1,450,000 USD
530-401-1885
1808 P St, Sacramento, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/23
null | 6.01% Cap Rate

1808 P St
Sacramento, CA 95811
Midtown Sacramento


HIGHLIGHTS

  • Well-Maintained Nine-Unit Property.
  • Charming Early-1900s Architecture with Historic Character.
  • Fully Occupied, Reflecting Strong and Consistent Rental Demand.
  • Attractive 6.01% In-Place Cap Rate with Significant Rent-Growth Potential.
  • Tenant-Friendly Amenities Including On-Site Laundry and a Tranquil Shared Backyard Space.
  • Excellent Location in Midtown, Close to the Ice Blocks.

OVERVIEW

ALIVE Commercial Real Estate is proud to present 1808 P Street, a charming nine-unit multifamily investment opportunity located in the heart of Sacramento’s strongest and most desirable rental submarket—Midtown. The property consists of five one-bedroom/one-bath units and four studio units, blending timeless architectural character with today’s sought-after urban lifestyle. Each residence features high ceilings, large windows providing abundant natural light, as well as the convenience of on-site laundry. Ideally situated within walking distance to Sacramento’s most notable restaurants, bars, medical centers, The Ice Blocks, and the full spectrum of Midtown amenities, 1808 P Street offers residents an unmatched live-work-play environment. The next owner will benefit from a well-performing, fully occupied asset with significant upside potential through rent growth, achievable without the need for immediate capital expenditures. Supported by Sacramento’s strong rental fundamentals, limited new supply, and widening gap between the cost to rent and the cost to own, 1808 P Street represents a stable, long-term investment in one of the region’s most resilient multifamily markets.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$279 USD /SF

# OF UNITS

9

PRICE/UNIT

$161,111

CAP RATE

6.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,293 SF

ZONING

R-3A

APN/PARCEL ID

007-0311-004

ASK ABOUT THIS PROPERTY

Isaac MerrittALIVE Commercial Real EstateMore Info
530-401-1885

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Isaac MerrittALIVE Commercial Real EstateMore Info
530-401-1885

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.