Midtown Triplex with Upside
For Sale
$1,040,000
1916 17th Street, Sacramento, CA 95811
Midtown Sacramento triplex with upgrades, walkability, and income potential.
Property Size3,263 SF
Price / SF$318.73
Days on Market425
Property Features for 1916 17th Street
General Information
Standard status
Active
Size
3,263 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Richmond Grove
Amenities
Varies by Unit
Wall Unit(s)
Window Unit(s)
Central
Ceiling Fan(s)
Free Standing Gas Oven
Free Standing Gas Range
Built-In Gas Range
Dishwasher
Microwave
Disposal
Varies By Unit
Free Standing Electric Oven
City, Sewer In & Connected, Electric, Internet Available, Composition
Building Details
Building Size
3,263 SF
Year Built
1977
Stories
2
Listing Agency:
Keller Williams Realty, Sacramento
Listed By:
Nikki Nguyen · License #01350468
(916) 849-2954
Source:
Kw
Added: Aug 26, 2025
Changed: Oct 18
Last Checked: Oct 23 at 3:30PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$55,689
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,780
$1.1M
Cap Rate 7%
$795,557
$795.6K
Cap Rate 9%
$618,767
$618.8K
Market Conditions
NOI Build-Up for 3,263 SF
Gross rent
$84.2K $25.80/SF
− Vacancy
−$4.6K −$1.42/SF
EGI
$79.6K $24.38/SF
− OpEx
−$23.9K −$7.31/SF
NOI
$55.7K $17.07/SF
Area
Sacramento, CA
Vacancy
5.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,780
Cap Rate 7%
$795,557
Cap Rate 9%
$618,767
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 authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
3,745
Businesses Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
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.
