1808 P Street, Sacramento, CA 95811
Local realty services provided by:ERA Carlile Realty Group
1808 P Street,Sacramento, CA 95811
$1,450,000
- - Beds
- - Baths
- 5,431 sq. ft.
- Multi-family
- Active
Listed by: isaac merritt
Office: alive commercial real estate
MLS#:226028861
Source:MFMLS
Price summary
- Price:$1,450,000
- Price per sq. ft.:$266.99
About this home
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....
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Home facts
- Year built:1900
- Listing ID #:226028861
- Added:52 day(s) ago
- Updated:May 03, 2026 at 02:41 PM
Rooms and interior
- Flooring:Laminate
- Kitchen Description:Dishwasher, Gas Cook Top, Microwave
- Living area:5,431 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Wall Unit(s), Window Unit(s)
- Heating:Gas
Structure and exterior
- Roof:Composition Shingle
- Year built:1900
- Building area:5,431 sq. ft.
- Lot area:0.12 Acres
- Lot Features:Landscape Back, Landscape Front
- Construction Materials:Stucco, Wood, Wood Siding
- Exterior Features:Balcony/Deck
- Foundation Description:Concrete
- Levels:3 Story
Utilities
- Sewer:Sewer in Street
Finances and disclosures
- Price:$1,450,000
- Price per sq. ft.:$266.99
Features and amenities
- Appliances:Dishwasher, Microwave
- Laundry features:In Common Area
Parking
- Total parking spaces:2
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