Active

P St

Sacramento, CA 95811
Mark as Favorite

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 enjo y 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.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $1,615,000

AD Id : 88904007

MLS Id : 226097093

Living Area Size : 3,485

Year Built : 1915

County : Sacramento

  • Map Map

Map

Feature Features

  • Water/Sewer

    Sewer: Public Sewer
  • Flooring Information

    Vinyl, Wood
  • Interior Features

    Formal Entry Appliances: Dishwasher, Disposal, Electric Cook Top, Varies By Unit, Free Standing Electric Oven, Free Standing Electric Range, Free Standing Freezer Laundry Features: In Common Area, Washer/Dryer Owned, In Each Unit
  • Heating & Cooling

    Heating: Electric, Hot Water Cooling: Wall Unit(s), MultiUnits WaterSource: Water District, Public

  • Building Information

    Year Built: 1915 Stories: 3 Construction Materials: Stucco, Wood Siding Foundation Details: Concrete, Slab
  • Exterior Features

    Foundation Details: Concrete, Slab
  • Laundry Features

    In Common Area, Washer/Dryer Owned, In Each Unit

  • Lot Information

    Lot Description: Curbs/Gutters, Sidewalk, Landscape Back, Landscape Front Lot Square Feet: 6,399 Stories: 2 Main Square Feet: 3,485 Topography: Level

    Property Information

    Property Type: Residential Income Sub Type: 5 or More Units SQ ft (Living Area): 3,485 Construction Materials: Stucco,Wood Siding Property Age: 111 Cross Street: 19th St Source Neighborhood: 10811 Area: Sacramento S: 95811 Zoning: R-3A Living Area Source: Assessor Agent-Fill Structure Type: Apartments

    Farm Info

    Irrigation Source: Public District, Irrigation District

  • Listing Price Information

    Listing Id: 226097093 List Price: $1,615,000 List Price Tot SqFt: $463

  • Tax Information

    Parcel Number: 007-0242-018-0000

  • Parking Information

    Street

  • Elementary School District: Sacramento Unified
    Junior High School District: Sacramento Unified
    Senior High School District: Sacramento Unified
  • Utility Information

    Sewer Connected, City, Electric, Natural Gas Connected
  • Location Information

    Direction: From Highway 50, take the 16th Street exit and head north. Turn right onto P Street and continue east to the property, located between 18th and 19th Streets in the heart of Midtown Sacramento. The property is conveniently located near Interstate 5, Business 80, Downtown Sacramento, the California State Capitol, and UC Davis Health.
Sell a home like this and save $96,401 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
17th Street, Sacramento, CA, 95811 $824,900 3 3 1,510 1,510 SqFt
21st Street, Sacramento, CA, 95811 $1,300,000 8 3 4,234 4,234 SqFt
19th Street, Sacramento, CA, 95811 $540,000 2 1 1,071 1,071 SqFt
18th Street, Sacramento, CA, 95811 $829,000 4 3 2,280 2,280 SqFt
H Street, Sacramento, CA, 95811 $875,000 3 3 2,458 2,458 SqFt
1915 6th Street, Sacramento, CA, 95811 $899,000 4 3 4,386 4,386 SqFt
17th Street, Sacramento, CA, 95811 $2,275,000 -- -- 5,362 5,362 SqFt
Q Street, Sacramento, CA, 95811 $789,500 3 4 2,431 2,431 SqFt
D Street, Sacramento, CA, 95811 $950,000 4 2 2,586 2,586 SqFt
N Street, Sacramento, CA, 95811 $1,200,000 4 4 3,054 3,054 SqFt

ByOwner last updated this listing 08/02/2026 @ 14:45

MLS: 226097093 LISTED BY: Isaac Merritt, ALIVE Commercial Real Estate SOURCE: MLS Metrolist

Homes around $1,615,000

Selling? Save $96,401 when you sell a home like this

Tour with a ByOwner Agent