1823 P Street, an extensively renovated, five-unit multifamily asset located in the heart of Sacramento's highly sought-after Midtown neighborhood. Rebuilt nearly to the studs, the property has undergone a comprehensive renovation, including new electrical and plumbing systems, a new roof, dual-pane windows, new wood siding, reinforced foundation, in-unit washers and dryers, modern interiors, and new appliances. The result is a turnkey investment that delivers the benefits of new construction while preserving the timeless charm and architectural character that make Midtown so desirable. The thoughtfully renovated units feature spacious layouts, abundant natural light, and select residences offer soaring ceilings and oversized windows that enhance the living experience. Residents also enjoy the convenience of in-unit laundry, contemporary finishes, and a walkable urban lifestyle in one of Sacramento's most vibrant neighborhoods. Ideally situated within walking distance of Midtown's renowned restaurants, cafs, breweries, entertainment venues, medical centers, The Ice Blocks, and countless neighborhood amenities, 1823 P Street offers tenants an exceptional live-work-play environment that continues to drive strong rental demand. For investors, the property presents a rare opportunity to acquire a truly turnkey asset with virtually no deferred maintenance or near-term capital expenditure requirements. Backed by Sacramento's strong employment base, limited multifamily supply, and the growing affordability gap between renting and homeownership, 1823 P Street is well-positioned to provide stable cash flow and long-term appreciation in one of Northern California's most resilient rental markets.
Pending
Price cut: $100K (8/25)
$1,515,000
1823 P St, Sacramento, CA 95811
5beds
3,485sqft
5 or More Units
Built in 1915
-- sqft lot
$1,440,600 Zestimate®
$435/sqft
$-- HOA
What's special
New roofNew wood sidingContemporary finishesModern interiorsOversized windowsAbundant natural lightSoaring ceilings
- 36 days
- 337
- 8
Zillow last checked:
Listing updated:
Listed by:
Isaac Merritt DRE #02153945 530-401-1885,
ALIVE Commercial Real Estate
Source: MetroList Services of CA,MLS#: 226097093Originating MLS: MetroList Services, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Electric, Hot Water
Cooling
- Wall Unit(s), Multi Units
Appliances
- Included: Dishwasher, Disposal, Electric Cooktop, Varies By Unit, Free-Standing Electric Oven, Free-Standing Electric Range, Free-Standing Freezer
- Laundry: Common Area, In Unit
Features
- Flooring: Vinyl, Wood
- Has fireplace: No
Interior area
- Total structure area: 0
- Total interior livable area: 3,485 sqft
Property
Parking
- Parking features: On Street
Lot
- Size: 6,398 Square Feet
- Features: Curbs/Gutters, Sidewalk, Landscape Back, Landscape Front
- Topography: Level,Level
Details
- Parcel number: 00702420180000
- Zoning: R-3A
- Special conditions: Offer As Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5 or More Units
Materials
- Stucco, Wood Siding
- Foundation: Slab, Concrete
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Water District, Public
- Utilities for property: Sewer Connected, City, Electric, Natural Gas Connected
Community & HOA
Location
- Region: Sacramento
Financial & listing details
- Price per square foot: $435/sqft
- Tax assessed value: $825,000
- Price range: $1.5M - $1.5M
- Date on market: 7/31/2026
- Income includes: Rent Only
Estimated market value
$1,440,600
$1.37M - $1.51M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Pending sale | $1,515,000$435/sqft |
Source: MetroList Services of CA #226097093 Report a problem | ||
| 8/25/2026 | Price change | $1,515,000-6.2%$435/sqft |
Source: MetroList Services of CA #226097093 Report a problem | ||
| 7/31/2026 | Listed for sale | $1,615,000+95.8%$463/sqft |
Source: MetroList Services of CA #226097093 Report a problem | ||
| 11/6/2025 | Sold | $825,000-2.9%$237/sqft |
Source: MetroList Services of CA #225117891 Report a problem | ||
| 10/1/2025 | Pending sale | $850,000$244/sqft |
Source: MetroList Services of CA #225117891 Report a problem | ||
| 9/15/2025 | Listed for sale | $850,000+16.1%$244/sqft |
Source: MetroList Services of CA #225117891 Report a problem | ||
| 1/29/2001 | Sold | $732,000$210/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $825,000 +159.5% |
| 2025 | $4,186 +1.4% | $317,919 +2% |
| 2024 | $4,129 +2.4% | $311,687 +2% |
| 2023 | $4,033 +1.8% | $305,577 +2% |
| 2022 | $3,963 +4.7% | $299,586 +2% |
| 2021 | $3,785 -0.6% | $293,713 +1% |
| 2020 | $3,806 +2.1% | $290,702 +2% |
| 2019 | $3,729 +2.6% | $285,003 +2% |
| 2018 | $3,635 +1.4% | $279,416 +2% |
| 2017 | $3,587 +4.8% | $273,939 +2% |
| 2016 | $3,423 +9.7% | $268,568 +1.5% |
| 2015 | $3,122 | $264,535 +2% |
| 2014 | $3,122 | $259,354 +0.5% |
| 2013 | -- | $258,183 +2% |
| 2012 | -- | $253,121 +2% |
| 2011 | -- | $248,159 +0.8% |
| 2010 | -- | $246,305 +1.8% |
| 2008 | -- | $242,051 +2% |
| 2007 | -- | $237,306 +2% |
| 2006 | -- | $232,654 +2% |
| 2005 | -- | $228,093 +2% |
| 2004 | -- | $223,622 +1.9% |
| 2003 | -- | $219,524 -0.8% |
| 2002 | -- | $221,340 +27% |
| 2001 | -- | $174,344 +2% |
| 2000 | -- | $170,927 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Midtown - Winn Park Capital Avenue
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