Midtown Triplex with Upside Potential

1916 17th Street, Sacramento, CA 95811

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For Sale

$1,040,000

Midtown Sacramento triplex with upgrades, walkability, and income potential.

Type:Multi-Family

Property size:

3,263 SF

Price / SF:

$318/SF

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.
Updated main unit featuring luxury vinyl plank flooring, quartz countertops, and modern lighting.
Ideal for owner‑occupant, house‑hack, or long‑term investment strategies.
Two additional 1‑bedroom units, freshly painted.

We can help!

Listing Contact

Nikki Nguyen

For Sale

$1,040,000

Midtown Sacramento triplex with upgrades, walkability, and income potential.

Type:Multi-Family

Property size:

3,263 SF

Price / SF:

$318/SF

Added:: Aug 26, 2025
Days on Market:: 288
Last Refresh:: May 19 at 9:27 pm

Property Features for 1916 17th Street

General Information

Standard status: Active
Size: 3,263 SF
Property subtype: Multi-Family

Building Details

Year Built: 1977

We can help!

Listing Contact

Nikki Nguyen

Listing agent Nikki Nguyen License #01350468

Listing office Keller Williams Realty, Sacramento

Listing date Aug 26, 2025

Source Kw

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

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.
Updated main unit featuring luxury vinyl plank flooring, quartz countertops, and modern lighting.
Ideal for owner‑occupant, house‑hack, or long‑term investment strategies.
Two additional 1‑bedroom units, freshly painted.

Overview

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.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $55,689 @ 7.0% cap · market cap 5.35%

Second Best

Apartment 5plus

$732.2K

$640.7K – $854.3K (±1% cap)

NOI $51,255 @ 7.0% cap · market cap 4.93%

Theoretical Best

Specialty Retail

$876.8K

$767.2K – $1.02M (±1% cap)

NOI $61,377 @ 7.0% cap · market cap 5.90%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Sacramento
County: Sacramento
State: California
Longitude: -121.489
Latitude: 38.5673

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For sale
Triplexes
CA
Sacramento
95811
1916 17th Street

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.