1823 P St - Apartments FOR SALE


Sacramento, CA 95814- Midtown Sacramento
$1,615,000 USD
858-922-4181
1823 P St, Sacramento, CA for Sale
$1,615,000 USD
Apartments - FOR SALE
1/34
null | 5.44% Cap Rate

1823 P St
Sacramento, CA 95814
Midtown Sacramento


HIGHLIGHTS

  • Extensively renovated nearly to the studs, offering investors a truly turnkey asset with minimal near-term capital expenditure requirements.
  • Located in the heart of Midtown Sacramento, one of the region's most walkable, amenity-rich, and supply-constrained rental markets.
  • Combines historic architectural charm with modern building systems and contemporary finishes, creating a highly desirable product for today's renters.
  • Residents enjoy immediate access to Sacramento's largest employment centers, including the State Capitol, UC Davis Health, Sutter Health, Kaiser, etc.

OVERVIEW

ALIVE Commercial Real Estate is pleased to present 1823 P Street, an extensively renovated, five-unit multifamily asset located in the heart of Sacramento's highly sought-after Midtown neighborhood. Rebuilt nearly to the studs, the property has undergone a comprehensive renovation, including new electrical and plumbing systems, a new roof, dual-pane windows, new wood siding, reinforced foundation, in-unit washers and dryers, modern interiors, and new appliances. The result is a turnkey investment that delivers the benefits of new construction while preserving the timeless charm and architectural character that make Midtown so desirable. The thoughtfully renovated units feature spacious layouts, abundant natural light, and select residences offer soaring ceilings and oversized windows that enhance the living experience. Residents also enjoy the convenience of in-unit laundry, contemporary finishes, and a walkable urban lifestyle in one of Sacramento's most vibrant neighborhoods. Ideally situated within walking distance of Midtown's renowned restaurants, cafés, breweries, entertainment venues, medical centers, The Ice Blocks, and countless neighborhood amenities, 1823 P Street offers tenants an exceptional live-work-play environment that continues to drive strong rental demand. For investors, the property presents a rare opportunity to acquire a truly turnkey asset with virtually no deferred maintenance or near-term capital expenditure requirements. Backed by Sacramento's strong employment base, limited multifamily supply, and the growing affordability gap between renting and homeownership, 1823 P Street is well-positioned to provide stable cash flow and long-term appreciation in one of Northern California's most resilient rental markets.

FOR SALE DETAILS

PRICE

$1,615,000 USD

PRICE/SF

$822 USD /SF

# OF UNITS

5

PRICE/UNIT

$323,000

CAP RATE

5.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,685 SF

ZONING

R-3A-SPD

APN/PARCEL ID

007-0242-018

ASK ABOUT THIS PROPERTY

Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

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Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

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