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Cecilia Serpa-Makiewicz

serparealestate@gmail.com +1(209) 617-9027

$ 1,450,000

Est. payment -/mo

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Pending

1808 P ST Sacramento, CA 95811

5,431 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 5,431 sqft

Price per Sqft $266

MLS Listing ID 226028861

HOA Y/N No

Year Built 1900

Lot Size 5,293 Sqft

Acres 0.1215

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

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 potential 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.

Location

State CA

County Sacramento

Area 10811

Direction P and 19th.

Rooms

Other Rooms Unit-1 Approx SqFt: 550 Bedrooms: 1 Full Baths: 1 Rent: 1500 SqFt Source: Not Measured

Basement Storage Area

Interior

Heating Gas

Cooling Ceiling Fan(s), Wall Unit(s), Window Unit(s)

Flooring Laminate

Window Features Dual Pane Full,Varies by Unit

Appliance Gas Cook Top, Dishwasher, Microwave

Laundry Coin Operated, Washer/Dryer Leased, In Common Area

Exterior

Exterior Feature Fenced Yard, Yard Space

Parking Features Attached, Off Street, Garage

Utilities Available Sewer Connected, Electric, Natural Gas Connected

Water Access Desc Water District

Roof Type Composition

Porch Balcony/Deck

Total Parking Spaces 2

Building

Lot Description Sidewalk, Landscape Back, Landscape Front

Story 3

Foundation Concrete

Sewer Sewer in Street

Water Water District

Level or Stories Two

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 007-0311-004-0000

Special Listing Condition None

Listed by ALIVE Commercial Real Estate

Nearby Locations

Cecilia Serpa-Makiewicz

Agent | License ID: 01982464

+1(209) 617-9027

Cecilia Serpa-Makiewicz

1808 P ST Sacramento, CA 95811

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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1808 P ST