Pending

P Street

Sacramento, CA 95811
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1808 P St is a charming nine-unit multifamily investment opportunity located in the heart of Sacramento's strongest and most desirable rental submarketMidtown. The property consists of five one-bedroom/one-bath units and four studio units, blending timeless architectural character with today's sought-after urban lifestyle. Each residence features high ceilings, large windows providing abundant natural light, as well as the convenience of on-site laundry. Ideally situated within walking distance to Sacramento's most notable restaurants, bars, medical centers, The Ice Blocks, and the full spectrum of Midtown amenities, 1808 P Street offers residents an unmatched live-work-play environment. The next owner will benefit from a well-performing, fully occupied asset with significant upside po tential through rent growth, achievable without the need for immediate capital expenditures. Supported by Sacramento's strong rental fundamentals, limited new supply, and a widening gap between the cost to rent and the cost to own, 1808 P Street represents a stable, long-term investment in one of the region's most resilient multifamily markets. Well-Maintained Nine-Unit Property. Charming Early-1900s Architecture with Historic Character. Fully Occupied, Reflecting Strong and Consistent Rental Demand. Attractive 6.01% In-Place Cap Rate with Significant Rent-Growth Potential. Tenant-Friendly Amenities Including On-Site Laundry and a Tranquil Shared Backyard Space. Excellent Location in Midtown, Close to the Ice Blocks.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,399,000

AD Id : 76067803

MLS Id : 226028861

Living Area Size : 5,431

Year Built : 1900

County : Sacramento

  • Map Map

Map

Feature Features

  • Bedroom Information

    Window Feature: Dual Pane Full,Varies by Unit

    Water/Sewer

    Sewer: Sewer in Street
  • Flooring Information

    Laminate
  • Roofing Information

    Composition
  • Interior Features

    Roof: Composition Appliances: Gas Cook Top, Dishwasher, Microwave Laundry Features: Coin Operated, Washer/Dryer Leased, In Common Area
  • Heating & Cooling

    Heating: Gas Cooling: Ceiling Fan(s), Wall Unit(s), Window Unit(s) WaterSource: Water District

  • Building Information

    Year Built: 1900 Stories: 3 Construction Materials: Stucco, Wood, Wood Siding Basement: Storage Area Roof: Composition Foundation Details: Concrete
  • Exterior Features

    Fenced Yard, Yard Space
    Foundation Details: Concrete
    Porch: Balcony/Deck
  • Laundry Features

    Coin Operated, Washer/Dryer Leased, In Common Area

    Patio And Porch

    Balcony/Deck

  • Lot Information

    Lot Description: Sidewalk, Landscape Back, Landscape Front Lot Square Feet: 5,293 Stories: 3 Main Square Feet: 5,431

    Property Information

    Property Type: Residential Income Sub Type: 5 or More Units SQ ft (Living Area): 5,431 Construction Materials: Stucco,Wood,Wood Siding Property Age: 126 Cross Street: 19th Source Neighborhood: 10811 Area: Sacramento S: 95811 Zoning: R-3A Living Area Source: Assessor Auto-Fill Structure Type: Apartments

    Farm Info

    Irrigation Source: None

  • Listing Price Information

    Listing Id: 226028861 List Price: $1,399,000 List Price Tot SqFt: $258

  • Tax Information

    Parcel Number: 007-0311-004-0000

  • Parking Information

    Parking Total: 2 Attached, Off Street, Garage

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

    Sewer Connected, Electric, Natural Gas Connected
  • Location Information

    Direction: P and 19th.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
H Street, Sacramento, CA, 95811 $875,000 3 3 2,458 2,458 SqFt
21st Street, Sacramento, CA, 95811 $1,300,000 8 3 4,234 4,234 SqFt
T Street, Sacramento, CA, 95811 $950,000 4 3 2,744 2,744 SqFt
11th Street, Sacramento, CA, 95811 $695,000 -- -- 1,792 1,792 SqFt
E Socap Walk, Sacramento, CA, 95811 $599,000 2 3 1,385 1,385 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
17th Street, Sacramento, CA, 95811 $824,900 3 3 1,510 1,510 SqFt
D Street, Sacramento, CA, 95811 $950,000 4 2 2,586 2,586 SqFt
Q Street, Sacramento, CA, 95811 $789,500 3 4 2,431 2,431 SqFt

ByOwner last updated this listing 08/12/2026 @ 03:56

MLS: 226028861 LISTED BY: Isaac Merritt, ALIVE Commercial Real Estate SOURCE: MLS Metrolist

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