Midtown Triplex with Upside
1916 17th Street Sacramento, CA 95811
For Sale
$1,040,000
Midtown Sacramento triplex with upgrades, walkability, and income potential.
Property Size3,263 SF
Price / SF$318.73
Days on Market334
Property Features for 1916 17th Street
General Information
- Standard status
- Active
- Size
- 3,263 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1977
Listing Agency:
Keller Williams Realty, Sacramento
(916) 849-2954
Listed By:
Nikki Nguyen · License #01350468
(916) 849-2954
Source:
Kw
Added: Aug 26, 2025
Changed: Jul 6
Last Checked: Jul 24 at 7:55PM
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 Keller Williams Realty, Sacramento
Investment Insights
Based on property information with market context.
Located in Midtown Sacramento, the property at 1916-1918-1920 17th Street is a triplex that combines character with upgrades. The property features two 1-bedroom units and one 4-bedroom, 2.5-bath unit with a potential office area. The main unit has been updated with luxury vinyl plank flooring, quartz countertops, and modern lighting. All units are currently rented. The property is located steps from the ICE Blocks and R Street Corridor, near restaurants, coffee shops, and boutiques such as Shake Shack and Beast + Bounty. It also offers proximity to nightlife, entertainment, and downtown access. The property contains 3,263 square feet and is suitable for an owner-occupant, house-hack, or long-term investment.
Key Highlights
- Prime Midtown location with exceptional walkability to restaurants, shops, and entertainment (ICE Blocks, R Street Corridor).
- Triplex property offering immediate rental income from existing tenants.
- Large 4‑bedroom unit with 2.5 baths and potential office space.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.2k | $25.80 |
| − Vacancy | −$4.6k | −$1.42 |
| EGI | $79.6k | $24.38 |
| − OpEx | −$23.9k | −$7.31 |
| NOI | $55.7k | $17.07 |
3,263 SF · lease $25.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$795.6K
$696.1K – $928.2K
NOI $55,689 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$732.2K
$640.7K – $854.3K
NOI $51,255 @ 7.0% cap · market cap 4.93%
Theoretical Best
Specialty Retail
$876.8K
$767.2K – $1.02M
NOI $61,377 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Midtown Sacramento triplex with upgrades, walkability, and income potential.
Where is this triplex located?
The property is located at 1916 17th Street Sacramento, CA.
What is the asking price?
The asking price for this property is $1,040,000.
What are key features of this property?
This property features: Prime Midtown location with exceptional walkability to restaurants, shops, and entertainment (ICE Blocks, R Street Corridor).; Triplex property offering immediate rental income from existing tenants.; Large 4‑bedroom unit with 2.5 baths and potential office space.
