$3,995,000

1023 H St, Sacramento, CA 95814

Get pre-approved

18,421 sqft · $217/sqft · 3.70 acres

Residential Income · Multi Family · Built 1880 · 95 days on Properkey

Description

Wetzlar Square, an exceptionally rare opportunity to acquire one of Downtown Sacramento's most distinctive mixed-use investment properties. Offered for sale for the first time since 1989, Wetzlar Square consists of three architecturally unique buildings situated on a single parcel, blending irreplaceable historic character with stable income and long-term investment potential. The property features 23 apartment units and ground-floor professional office suites, creating a diversified income stream that appeals to investors seeking both stability and future upside. Each building offers its own unique identity. 1019 H Street is a striking three-story brick apartment building showcasing timeless architectural character. 1021 H Street, originally constructed by Julius Wetzlar in 1871, is one of Downtown Sacramento's historic residential gems. Throughout its history, the building has been home to prominent Sacramento residents and preserves architectural features rarely found today, including four extraordinary residences with approximately 18-foot ceilings that create an unmatched living experience. Fronting H Street, 1023 H Street provides professional office space at street level with apartments above, creating an ideal environment for attorneys, consultants, and other professionals who benefit from the property's close proximity to the federal and county courthouses. Perfectly positioned within Sacramento's Government and Legal District, Wetzlar Square sits just moments from City Hall, the California State Capitol, the U.S. District Court, the Sacramento County Courthouse, and countless government agencies, law firms, and professional offices. The surrounding neighborhood offers an exceptional walkable lifestyle with restaurants, coffee shops, entertainment, public transportation, and the city's expanding residential and employment base all within blocks of the property. Investment opportunities of this caliber are increasingly difficult to replicate. The combination of historic architecture, multiple income sources, irreplaceable downtown location, and nearly four decades of ownership creates a compelling offering for investors seeking a landmark asset with dependable cash flow and meaningful long-term appreciation potential. Whether maintained as a stabilized mixed-use investment or enhanced through strategic renovations and operational improvements, Wetzlar Square represents a true generational acquisition in the heart of Downtown Sacramento.

Agent & source

Listed by
Isaac Merritt
Brokerage
ALIVE Commercial Real Estate
DRE
#02153945
MLS # 226090335 Source MetroList Services

Property details

Rooms & Layout

Levels
3 stories
Laundry
Other
Basement
Storage Area, Other

Property Features

View
City, City Lights, Downtown
Lot features
Auto Sprinkler F&R

Building & Construction

Architectural Style
Mid-Century, Victorian, Other
Construction Materials
  • Brick
  • Concrete
  • Stucco
  • Wood
  • Wood Siding
  • Masonry
Roof
Shingle
Foundation
Raised, Slab

Exterior & Parking

Parking
Attached, Off Street, OffSite, Street

Interior & Comfort

Heating
Electric, Wall Furnace
Cooling
Wall Unit(s), Window Unit(s)
Flooring
Carpet, Tile, Linoleum
Interior Features
Formal Entry

Utilities

Water Source
Irrigation District
Sewer
Public Sewer
  • Sewer Connected
  • City
  • Electric
  • Natural Gas Connected
Irrigation
Irrigation District

Nearby

Active Pending Closed Rental
Elementary
Sacramento Unified District
Middle
Sacramento Unified District
High
Sacramento Unified District

Schedule a tour

Book an in-person visit

Takes about a minute

Pick a day

Preferred time

Your name and email come from the account you sign in with or create.

Prefer to talk? Call us
(888) 854-8588

Make an Offer

Step 1 of 4

Here's what to expect:

  1. 1.Share your offer details. Tell us about your desired offer — it's just a starting point, nothing is final!
  2. 2.Get expert guidance. A Properkey agent will reach out to discuss a game plan.
  3. 3.Finalize your offer. Your agent will prepare your offer and negotiate on your behalf.

All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable.

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.

Data last updated: October 19, 2026 4:33 PM PT
Copyright © 2026 MetroList Services, Inc. All Rights Reserved.

Schedule a tour