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Sold

Sold on Sep 23, 2026 for $1,350,000

2823 U ST

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7,830 sqft · $191/sqft · 0.15 acres

Sq Ft: 7,830
Per sq ft: $191
Acre lot: 0.15

Residential Income · Multi Family · Built 1962

Description

2823 U Street, a well-located 10-unit apartment community in one of Sacramento's most desirable urban neighborhoods. Situated just blocks from the vibrant Midtown corridor and in close proximity to East Sacramento, the property benefits from strong tenant demand driven by its walkability, access to major employment centers, and proximity to Sacramento's best dining, retail, and entertainment amenities. The property offers a compelling value-add opportunity through continued unit renovations and rent growth. Current operations indicate meaningful upside as units are modernized and rents are aligned with surrounding market-rate properties. The underwriting projects a significant increase in net operating income through a combination of rental upside, utility reimbursements, and operational efficiencies, creating a clear path to enhanced cash flow and long-term appreciation.

Agent & source

Listed by: David M. DeLoney
Brokerage: Marcus & Millichap Real Estate
DRE: #02045150
Phone: (916) 832-8571
Email: [email protected]

MLS # 226072899 Source MetroList Services

Property details

Rooms & Layout

Levels

2 stories

Laundry

Other

Property Features

Lot features

Landscape Back, Landscape Front

Building & Construction

Construction Materials

Stucco

Foundation

Raised

Exterior & Parking

Parking

Covered

Interior & Comfort

Heating

Wall Furnace

Cooling

Wall Unit(s)

Flooring

Vinyl

Utilities

Water Source

Public

Sewer

Public Sewer

City

Irrigation

Irrigation District

Nearby

Active Pending Closed Rental

Elementary: Sacramento Unified District
Middle: Sacramento Unified District
High: Sacramento Unified District

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Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.