Historic Fourplex with Flex
815 17th Street Sacramento, CA 95811
815 17th Street, Sacramento, CA, 95811
$1,680,000
For Sale
$1,680,000
1900 craftsman fourplex with four rental units, two garages, and a finished lower-level flex space.
Property Size4,630 SF
Price / SF$362.85
Days on Market19
Property Features for 815 17th Street
General Information
- Standard status
- Active
- Size
- 4,630 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agency
eXp Realty of California, Inc.
(916) 613-6907
Listed by
Heath A. Paulat · License #01840811
(916) 613-6907
Source
Exitrealty
Added: Jul 3 Updated: Jul 20 at 8:54PM Checked: Jul 21 at 5:34AM
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 eXp Realty of California, Inc.
Investment Insights
Based on property information with market context.
Built in 1900, this historic Craftsman fourplex includes four income-producing residential units plus a substantial lower-level flex space. The flex space features a kitchen, bathroom, bedroom area, and living area, offering adaptable space for owner use or personal needs. Two garages provide additional off-street parking and potential additional garage income. Tenants pay gas and electric, supporting a favorable operating expense profile.
The property is located in Midtown Sacramento, described as just blocks from the State Capitol, Sutter Medical Center, Golden 1 Center, and the R Street Corridor. Nearby amenities include restaurants, coffee shops, parks, and Midtown’s arts and nightlife.
Recent ownership has completed exterior and systems improvements, including plumbing repairs, siding repairs, gutter work, and the installation of a 50-year roof in 2022. The home also retains period details such as coffered ceilings, original built-ins, pocket doors, picture rails, wainscoting, and hardwood floors.
The property is located in Midtown Sacramento, described as just blocks from the State Capitol, Sutter Medical Center, Golden 1 Center, and the R Street Corridor. Nearby amenities include restaurants, coffee shops, parks, and Midtown’s arts and nightlife.
Recent ownership has completed exterior and systems improvements, including plumbing repairs, siding repairs, gutter work, and the installation of a 50-year roof in 2022. The home also retains period details such as coffered ceilings, original built-ins, pocket doors, picture rails, wainscoting, and hardwood floors.
Key Highlights
- Historic 1900 Craftsman fourplex with four income‑producing residential units in Midtown Sacramento.
- Approximately $120,000 stabilized annual rental income plus additional garage income.
- Tenants pay gas and electric, supporting a favorable operating expense profile.
Local 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 | $119.5k | $25.80 |
| − Vacancy | −$6.6k | −$1.42 |
| EGI | $112.9k | $24.38 |
| − OpEx | −$33.9k | −$7.31 |
| NOI | $79.0k | $17.07 |
4,630 SF · lease $25.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$987.7K – $1.32M
NOI $79,019 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$1.04M
$909.1K – $1.21M
NOI $72,728 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $87,090 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - 1900 craftsman fourplex with four rental units, two garages, and a finished lower-level flex space.
Where is this quadplex located?
The property is located at 815 17th Street Sacramento, CA.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Historic 1900 Craftsman fourplex with four income‑producing residential units in Midtown Sacramento.; Approximately $120,000 stabilized annual rental income plus additional garage income.; Tenants pay gas and electric, supporting a favorable operating expense profile.
