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$1,599,000

NEW PRICE - $1,599,000 Historic Midtown Craftsman Fourplex + Flex Space $121,740 Annualized Scheduled Income A rare opportunity to acquire a stabilized multifamily property in the heart of Midtown Sacramento offering a compelling combination of income, historic character and flexibility. This 4,630 SF Craftsman fourplex generates $121,740 in annualized scheduled income, including garage income, with tenants paying their own gas and electric. At the new price, the property offers an approx. 4.9% cap rate based on normalized operating expenses. Originally built in 1900, 815 17th Street showcases the craftsmanship that makes Midtown properties so difficult to replicate, including coffered ceilings, original built-ins, Murphy beds, pocket doors, picture rails, wainscoting, hardwood floors and extensive period millwork. The property consists of four income-producing residential units plus two income-producing garages, providing valuable off-street parking in the heart of Midtown. A substantial lower-level flex space includes a kitchen, bathroom, bedroom area and living area. While not represented as a legal rental unit, the space provides exceptional flexibility for owner use, guests, home office, studio, fitness area, storage or other personal uses. The property has benefited from numerous improvements and ongoing maintenance, highlighted by the installation of a 50-year roof in 2022. Located just blocks from the State Capitol, Sutter Medical Center, Golden 1 Center and the R Street Corridor, with Midtown's restaurants, coffee shops, parks, nightlife and arts scene nearby. Now offered at $1,599,000, 815 17th Street presents a unique opportunity for investors, 1031 exchange buyers and owner-users seeking stabilized income, substantial square footage and irreplaceable historic character in one of Sacramento's most desirable urban neighborhoods.

4,630 SqFt. ⋅ 226074712 MLS

815 17th Street, Sacramento

Listing courtesy of eXp Realty of California, Inc..

$1,679,000

Unique Historic triplex; The largest individual living quarters you'll see in a historic multi-family property. Buildable, subdivided back parcel included. Outstanding Midtown location in prime Boulevard Park quarter, on alley-deep lot. Over 4300 square-feet of updated living space with high ceilings, wood floors, historic finishes and great natural light. Onsite parking for up to 4 cars. Entire upstairs is one large flat, approx 2200 square-ft. Triplex to be sold, together, with 2220 Government Aly (parcel 003-0184-025-0000). Front and back parcels together are 160' deep, curb to alley. Added value is projected for an owner who wants to build on the subdivided back parcel, either upscale town-homes or Carriage House with 3-4 car garage at ground level and large living quarters on 2nd and 3rd floors. The subdivided back parcel can be sold separately, either developed or undeveloped. Consult your Architect or City Planning for options. New Roof and new Electric panel in 2024. Updated electrical & plumbing. New, recently installed water heaters. Full-footprint basement is walkable, has approximately 6'6 ceilings with potential for added income or storage.

4,301 SqFt. ⋅ 226051114 MLS

2219 H Street, Sacramento

Listing courtesy of RE/MAX Gold Midtown.