1808 P Street, Sacramento, CA 95811
- $1,399,000
- 5,431
- SqFt
- List Price
- $1,399,000
- Price Change
- ▼ $51,000 1780606939
- MLS#
- 226028861
- Status
- PENDING
- Lot Area (SqFt)
- 5293
- Living Sq. Ft
- 5,431
- Type
- Single Family Residential
- Zip
- 95811
- City
- Sacramento
Property Description
1808 P St is a charming nine-unit multifamily investment opportunity located in the heart of Sacramento's strongest and most desirable rental submarketMidtown. The property consists of five one-bedroom/one-bath units and four studio units, blending timeless architectural character with today's sought-after urban lifestyle. Each residence features high ceilings, large windows providing abundant natural light, as well as the convenience of on-site laundry. Ideally situated within walking distance to Sacramento's most notable restaurants, bars, medical centers, The Ice Blocks, and the full spectrum of Midtown amenities, 1808 P Street offers residents an unmatched live-work-play environment. The next owner will benefit from a well-performing, fully occupied asset with significant upside potential through rent growth, achievable without the need for immediate capital expenditures. Supported by Sacramento's strong rental fundamentals, limited new supply, and a widening gap between the cost to rent and the cost to own, 1808 P Street represents a stable, long-term investment in one of the region's most resilient multifamily markets. Well-Maintained Nine-Unit Property. Charming Early-1900s Architecture with Historic Character. Fully Occupied, Reflecting Strong and Consistent Rental Demand. Attractive 6.01% In-Place Cap Rate with Significant Rent-Growth Potential. Tenant-Friendly Amenities Including On-Site Laundry and a Tranquil Shared Backyard Space. Excellent Location in Midtown, Close to the Ice Blocks.
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Additional Information
- Lot Area (SqFt)
- 5293
- Year Built
- 1900
- Subtype
- 5 or More Units
- Subtype Description
- Apartments
- Construction
- Stucco, Wood, Wood Siding
- Foundation
- Concrete
- Stories
- 3
- Garage
- Attached, Off Street, Garage
- Floor Coverings
- Laminate
- Laundry Description
- Coin Operated, Washer/Dryer Leased, In Common Area
- Kitchen Appliances
- Gas Cook Top, Dishwasher, Microwave
- Misc
- Fenced Yard, Yard Space
- Cooling
- Ceiling Fan(s), Wall Unit(s), Window Unit(s)
- Heat
- Gas
- Water
- Water District
- Utilities
- Sewer Connected, Electric, Natural Gas Connected
- Sewer
- Sewer in Street
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Listing courtesy of ALIVE Commercial Real Estate.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .