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Midtown Multifamily Property
For Sale
$1,515,000
Pending

1823 P St, Sacramento, CA 95811

The property carries R-3A zoning and includes electric appliances, dishwashers, and disposal equipment.

Property Size610 SF
Days on Market81

Property Features for 1823 P St

General Information

Standard status Pending
Size 610 SF
Property subtype Multi Family

Additional Details

Highway Access Yes

Building Details

Building Size 610 SF
Year Built 1915
Listing Agency: ALIVE Commercial Real Estate
Listed By: Isaac Merritt · License #02153945
Source: Teamnavigate
Added: Jul 31 Changed: Oct 8 Last Checked: Oct 16 at 6:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ALIVE Commercial Real Estate

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Investment Insights

Based on property information with market context.

Built in 1915, this multifamily property at 1823 P St features R-3A zoning and a range of electric interior components. The property includes wall-mounted heating or cooling units, multiple electric systems, and electric hot water. Kitchen equipment includes a dishwasher, disposal, electric cooktop, free-standing electric oven, free-standing electric range, and free-standing freezer.

The property is situated between 18th and 19th Streets in Sacramento’s Midtown area, with on-street parking and city, city-light, and downtown outlooks noted among the exterior features. Interstate 5, Business 80, Downtown Sacramento, the California State Capitol, and UC Davis Health are identified in the surrounding area.

Key Highlights

  • Multifamily property with R‑3A zoning
  • Built in 1915
  • Wall unit(s) and multiple electric systems

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Locksmith Tanning Salon Clothing & Fashion Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

4,969
Businesses Nearby

Demographics for 95811, CA

12,463
Population
5,085
Households
2.5
Avg Household Size
37
Median Age
54%
College-Educated
93%
High-School Grad
2.3 sq mi
ZIP Area
5,419
Density / Sq Mi
$77,760
Median Household Income
$59,641
Median Earnings
$1,564
Median Rent
$707,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - The property carries R-3A zoning and includes electric appliances, dishwashers, and disposal equipment.
Where is this multifamily property located?
The property is located at 1823 P St Sacramento, CA.
What is the asking price?
The asking price for this property is $1,515,000.
What are key features of this property?
This property features: Multifamily property with R‑3A zoning; Built in 1915; Wall unit(s) and multiple electric systems
More about this property
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