1823 P St, Sacramento, CA 95811
1823 P St, Sacramento, CA 95811
1823 P St, Sacramento, CA 95811
1823 P St, Sacramento, CA 95811
1823 P St, Sacramento, CA 95811
1823 P St, Sacramento, CA 95811
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Kelly Pleasant

Kelly Pleasant

+1(916) 743-0844
$ 1,615,000
Est. payment | /mo

3,485 SqFt

Save
$ 1,615,000
Est. payment | /mo
Save

3,485 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,485 sqft

Price per Sqft $463

MLS Listing ID 226097093

HOA Y/N No

Year Built 1915

Lot Size 6,398 Sqft

Acres 0.1469

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

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, cafs, 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.

Location

State CA

County Sacramento

Area 10811

Direction From Highway 50, take the 16th Street exit and head north. Turn right onto P Street and continue east to the property, located between 18th and 19th Streets in the heart of Midtown Sacramento. The property is conveniently located near Interstate 5, Business 80, Downtown Sacramento, the California State Capitol, and UC Davis Health.

Rooms

Other Rooms Unit-1 Approx SqFt: 610 Bedrooms: 1 Full Baths: 1 Total Rooms: 2 Rent: 1895 SqFt Source: Builder Unit-2 Bedrooms: 1 Full Baths: 1 Rent: 1600 Unit-3 Bedrooms: 1 Full Baths: 1 Rent: 1950 Unit-4 Bedrooms: 1 Full Baths: 1 Rent: 1850

Interior

Interior Features Formal Entry

Heating Electric, Hot Water

Cooling Wall Unit(s), MultiUnits

Flooring Vinyl, Wood

Appliance Dishwasher, Disposal, Electric Cook Top, Varies By Unit, Free Standing Electric Oven, Free Standing Electric Range, Free Standing Freezer

Laundry In Common Area, Washer/Dryer Owned, In Each Unit

Exterior

Parking Features Street

Utilities Available Sewer Connected, City, Electric, Natural Gas Connected

Water Access Desc Water District,Public

View City, City Lights, Downtown

Topography Level

Building

Lot Description Curbs/Gutters, Sidewalk, Landscape Back, Landscape Front

Story 2

Foundation Concrete, Slab

Sewer Public Sewer

Water Water District, Public

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 007-0242-018-0000

Special Listing Condition Offer As Is

MetroList® Services, Inc
Listed by ALIVE Commercial Real Estate
Kelly Pleasant

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(916) 743-0844

kelly@pleasantrealestategroup.com

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1823 P St