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5.6% ASSUMABLE LOAN! Welcome to 1928 21st Street a newly constructed, turnkey 6-unit apartment building located in the highly desirable and walkable Poverty Ridge neighborhood of Midtown Sacramento. Completed in November 2024, this fully leased investment property offers a rare opportunity to own modern multifamily real estate in a premium Sacramento location. Each of the six thoughtfully designed one-bedroom units features soaring ceilings, custom doors and windows, abundant natural light, efficient floor plans, and high-end finishes throughout. Every unit includes its own washer and dryer hookups as well as private outdoor space, with each residence offering a patio or balcony and select units featuring multiple balconies. The approximately 4,739-square-foot building generates strong, stabilized rental income totaling $16,500 per month, providing investors with an attractive income-producing asset with the benefits of newer construction and reduced near-term maintenance. Perfectly situated in historic Poverty Ridge, the property is within walking distance of light rail, Downtown Sacramento, restaurants, cafs, shopping, entertainment, and local parks. The combination of modern construction, private outdoor spaces, desirable unit amenities, strong rental income, and an exceptional central location makes 1928 21st Street a standout investment opportunity. Whether you're expanding an existing multifamily portfolio or seeking a low-maintenance, high-performing Sacramento asset, 1928 21st Street offers an exceptional combination of location, quality, and income.

4,739 SqFt. ⋅ 226113912 MLS

5.6% ASSUMABLE LOAN! Welcome to 1928 21st Street a newly constructed, turnkey 6-unit apartment building located in the highly desirable and walkable Poverty Ridge neighborhood of Midtown Sacramento. Completed in November 2024, this fully leased investment property offers a rare opportunity to own modern multifamily real estate in a premium Sacramento location. Each of the six thoughtfully designed one-bedroom units features soaring ceilings, custom doors and windows, abundant natural light, efficient floor plans, and high-end finishes throughout. Every unit includes its own washer and dryer hookups as well as private outdoor space, with each residence offering a patio or balcony and select units featuring multiple balconies. The approximately 4,739-square-foot building generates strong, stabilized rental income totaling $16,500 per month, providing investors with an attractive income-producing asset with the benefits of newer construction and reduced near-term maintenance. Perfectly situated in historic Poverty Ridge, the property is within walking distance of light rail, Downtown Sacramento, restaurants, cafs, shopping, entertainment, and local parks. The combination of modern construction, private outdoor spaces, desirable unit amenities, strong rental income, and an exceptional central location makes 1928 21st Street a standout investment opportunity. Whether you're expanding an existing multifamily portfolio or seeking a low-maintenance, high-performing Sacramento asset, 1928 21st Street offers an exceptional combination of location, quality, and income.

1928 21st Street, Sacramento

Listing courtesy of eXp Realty of California Inc..

Modern urban hideaway in Midtown Sacramento! The ultimate walkable location for coffee, groceries, restaurants, nightlife and transit. The architectural design features light and bright open spaces with skyline views framed by floor to ceiling windows, an exposed cinder block wall and great flow. Adaptable floor plan allows for use as a single family home with guest area or duplex setup with two separate entries, kitchens, living, laundry and outdoor entertaining spaces. Secured access with driveway gate leads to a parking spot and an enclosed garage. Must see to appreciate!

3 Beds ⋅ 4 Baths ⋅ 2,060 SqFt. ⋅ 226082362 MLS

Modern urban hideaway in Midtown Sacramento! The ultimate walkable location for coffee, groceries, restaurants, nightlife and transit. The architectural design features light and bright open spaces with skyline views framed by floor to ceiling windows, an exposed cinder block wall and great flow. Adaptable floor plan allows for use as a single family home with guest area or duplex setup with two separate entries, kitchens, living, laundry and outdoor entertaining spaces. Secured access with driveway gate leads to a parking spot and an enclosed garage. Must see to appreciate!

2020 Rice Alley, Sacramento

Listing courtesy of Keller Williams Realty.

Stately and historic Queen Anne Victorian office building for sale along the popular R Street Corridor. Perfect building for a law firm, accounting firm, association or non-profit to occupy. Built in 1897, the residence was converted to an approximate 4,200 SF commercial office building in the 1980's. It now seamlessly integrates original design elements from the late 19th century with the functionality of a modern office. Features 9 private offices, conference room, kitchen, open workspace, and 3 bathrooms across three floors. 8 on-site parking stalls behind building, as well as ADA lift from public sidewalk to back door. Five month-to-month tenants paying $6,800 per month total equating to 4% cap rate on existing income, but building can also be delivered completely or partially vacant for an owner-user. Sellers are open to a lease-to-own structure. Less than 5 minute drive from East Sac and Land Park; walking distance to Ice Blocks, Safeway center, and light rail station.

Stately and historic Queen Anne Victorian office building for sale along the popular R Street Corridor. Perfect building for a law firm, accounting firm, association or non-profit to occupy. Built in 1897, the residence was converted to an approximate 4,200 SF commercial office building in the 1980's. It now seamlessly integrates original design elements from the late 19th century with the functionality of a modern office. Features 9 private offices, conference room, kitchen, open workspace, and 3 bathrooms across three floors. 8 on-site parking stalls behind building, as well as ADA lift from public sidewalk to back door. Five month-to-month tenants paying $6,800 per month total equating to 4% cap rate on existing income, but building can also be delivered completely or partially vacant for an owner-user. Sellers are open to a lease-to-own structure. Less than 5 minute drive from East Sac and Land Park; walking distance to Ice Blocks, Safeway center, and light rail station.

1903 21st Street, Sacramento

Listing courtesy of Ken Turton, Broker.

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .