$1,515,000

1823 P St, Sacramento, CA 95811

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3,485 sqft · $435/sqft · 0.15 acres

Residential Income · Multi Family · Built 1915 · 80 days on Properkey

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.

Agent & source

Listed by
Isaac Merritt
Brokerage
ALIVE Commercial Real Estate
DRE
#02153945
MLS # 226097093 Source MetroList Services

Property details

Rooms & Layout

Levels
2 stories
Laundry
In Common Area, Washer/Dryer Owned, In Each Unit

Property Features

View
City, City Lights, Downtown
Lot features
  • Curbs/Gutters
  • Sidewalk
  • Landscape Back
  • Landscape Front
Topography
Level

Building & Construction

Construction Materials
Stucco, Wood Siding
Foundation
Slab, Concrete

Exterior & Parking

Parking
Street

Interior & Comfort

Heating
Electric, Hot Water
Cooling
Wall Unit(s), MultiUnits
Flooring
Vinyl, Wood
Interior Features
Formal Entry

Appliances & Equipment

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

Utilities

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

Nearby

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

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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 4:58 PM PT
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