1823 P St
Sacramento, CA, 95811
$
1,615,000
Bedrooms4
Baths4.0
Sq
3,485
Monthly Estimate*
$
10,197
for $1,615,000 with 4 bedrooms and 4 full baths. This 3,485 square foot home was built in 1915 on a lot size of 0.1469.
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.
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Features
Interior
Interior Amenities
Formal Entry
Flooring
Vinyl
Wood
Total Stories
3
Unit 1 Full Baths
1
Unit 2 Full Baths
1
Unit 3 Full Baths
1
Unit1Bedrooms
1
Unit3Bedrooms
1
Laundry Features
In Common Area
Washer/Dryer Owned
In Each Unit
Unit 1 Bedroom Units Total
3
Unit 2 Bedroom Units Total
1
Unit 3 Bedroom Units Total
0
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General
Sewer
Public Sewer
Heating
Electric
Hot Water
Cooling
Wall Unit(s)
MultiUnits
Utilities
Sewer Connected
City
Electric
Natural Gas Connected
Appliances
Dishwasher
Disposal
Electric Cook Top
Varies By Unit
Free Standing Electric Oven
Free Standing Electric Range
Free Standing Freezer
Unit 4 Rent
1850
Unit 2 Rent
1600
Unit 3 Rent
1950
Unit 1 Rent
1895
HOA Fee
0
Garage Spaces
0.0
Construction Materials
Stucco
Wood Siding
Year Built
1915
View
City
City Lights
Downtown
Stories Count
2
Topography
Level
Property Subtype
5 or More Units
Elevation
0
County
Sacramento
Property Type
Residential Income
HOA
N
Total Rooms
0
Close Price
0.0
Status
Active
Directions
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 prop
City
Sacramento
High School District
Sacramento Unified
Zoning Description
R-3A
Open Parking Spaces
0.0
Number Of Units Total
5
MLS Area
10811
Lot Size Square Feet
6399.0
Carport Spaces
0.0
Standard Status
Active
Middle/Junior School District
Sacramento Unified
Elementary School District
Sacramento Unified
Year Built Source
Assessor Agent-Fill
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Exterior
Parking Features
Street
Lot Features
Curbs/Gutters
Sidewalk
Landscape Back
Landscape Front
Water Source
Water District
Public
Total Parking
0.0
Foundation Details
Concrete
Slab
Number of Buildings
1
Lot Size Acres
0.1469
Lot Size Source
Assessor Auto-Fill
Covered Spaces
0.0
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* Excluded Features
List By
Alive Commercial Real Estate
Broker
imerritt@alivecre.com
Email
Affordability Calculator
- Monthly Principal & Interest
- $10,197
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
Multi-family listings in Sacramento, CA
Average List Price
$1,068,138
Percent of Sale Price
34%
About Sacramento, CA
501,568
Population
23%
Since 2002
$
54,303
Median Income
35.68
Median Age
29%
Households with Children
Trends Information provided by ATTOM Data Solutions.
3193778
Elementary School
3193676
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
8/1/2026
|
$1,615,000
|
|
Listed Price
|