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$3,995,000
18,421 SqFt. 226090335 MLS
Wetzlar Square, an exceptionally rare opportunity to acquire one of Downtown Sacramento's most distinctive mixed-use investment properties. Offered for sale for the first time since 1989, Wetzlar Square consists of three architecturally unique buildings situated on a single parcel, blending irreplaceable historic character with stable income and long-term investment potential. The property features 23 apartment units and ground-floor professional office suites, creating a diversified income stream that appeals to investors seeking both stability and future upside. Each building offers its own unique identity. 1019 H Street is a striking three-story brick apartment building showcasing timeless architectural character. 1021 H Street, originally constructed by Julius Wetzlar in 1871, is one of Downtown Sacramento's historic residential gems. Throughout its history, the building has been home to prominent Sacramento residents and preserves architectural features rarely found today, including four extraordinary residences with approximately 18-foot ceilings that create an unmatched living experience. Fronting H Street, 1023 H Street provides professional office space at street level with apartments above, creating an ideal environment for attorneys, consultants, and other professionals who benefit from the property's close proximity to the federal and county courthouses. Perfectly positioned within Sacramento's Government and Legal District, Wetzlar Square sits just moments from City Hall, the California State Capitol, the U.S. District Court, the Sacramento County Courthouse, and countless government agencies, law firms, and professional offices. The surrounding neighborhood offers an exceptional walkable lifestyle with restaurants, coffee shops, entertainment, public transportation, and the city's expanding residential and employment base all within blocks of the property. Investment opportunities of this caliber are increasingly difficult to replicate. The combination of historic architecture, multiple income sources, irreplaceable downtown location, and nearly four decades of ownership creates a compelling offering for investors seeking a landmark asset with dependable cash flow and meaningful long-term appreciation potential. Whether maintained as a stabilized mixed-use investment or enhanced through strategic renovations and operational improvements, Wetzlar Square represents a true generational acquisition in the heart of Downtown Sacramento.

1023 H Street, Sacramento

Listing courtesy of ALIVE Commercial Real Estate.

$1,124,999
4,025 SqFt. 226078726 MLS
Historic character meets multifamily versatility in this Colonial Revival triplex located in Sacramento's historic Alkali Flat neighborhood. Listed on the historic registry, this distinctive property features three separate units, each with its own private entrance, offering flexibility for an owner-occupant, multigenerational living, or investment use. The property also benefits from Mills Act participation, which may provide reduced property taxes for qualifying ownership, adding another potential advantage for the next owner.Unit A offers 2 bedrooms and 1 bathroom with laminate flooring, an open living and dining area, abundant natural light, generous kitchen storage, and laundry. The main residence, Unit B, showcases the architectural character of a turn-of-the-century Colonial Revival home, beginning with a welcoming front porch and continuing inside with a grand staircase, inlaid wood floors, high coved ceilings, and period fixtures. This spacious 3-bedroom, 3-bathroom unit combines historic details with a functional living arrangement.Unit C is a bright top-floor studio filled with natural light, providing additional flexibility for rental income, guests, a home office, or other uses. Together, the three units create a versatile property with multiple possibilities for living and income.Located near downtown Sacramento, this property is close to dining, entertainment, shopping, parks, public transportation, and major commuter routes. With its historic architecture, three-unit configuration, and potential Mills Act tax benefits, 530 10th Street offers an opportunity to own a distinctive piece of Sacramento history with versatile use and long-term potential.

530 10th Street, Sacramento

Listing courtesy of KW Sac Metro.

$1,000,000
3 Beds 4 Baths 4,613 SqFt. 226023198 MLS
Rare Historic Gem in the Heart of Downtown Sacramento - 1860 built Former Schoolhouse Ready for Reimagined Living. Step into a piece of Sacramento's storied past with this exceptional 1860-built former schoolhouse, nestled in the vibrant core of Downtown Sacramento. Offering timeless historical charm with its original character: high ceilings, classic architectural details, and the enduring appeal of mid-19th-century craftsmanship. Featuring three stories and more than 4,600 square feet of interior space on a huge 0.3 acre lot (one of the largest in the area). This large lot provides rare outdoor potential, breathing room amid urban density, and significant development upside. Zoned as flexible C-2 (general commercial), this property is versatile for today's buyers. Envision transforming it into a stunning single-family residence (SFR) with a spacious downstairs accessory dwelling unit (ADU) for multigenerational living, rental income, or guest quarters. Alternatively, capitalize on the three distinct floors and separate entrances to create a tri-plex, ideal for income generation, short-term rentals, or a live/work setup in one of Sacramento's most walkable, amenity-rich neighborhoods. The generously sized lot also presents strong potential for a lot split ,opening doors to further development opportunities: mixed-use projects, additional unit(s) (subject to city approval). Whether you're an investor seeking strong rental potential and development upside, a developer looking for a mixed-use project, or a visionary homeowner wanting a one-of-a-kind downtown residence with history and flexibility, this rare opportunity won't last!

1123 D Street, Sacramento

Listing courtesy of Florence Real Estate.

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Alkali Flat Sacramento Homes for Sale

A Step Back in Time: Boundaries and Historic Streets

As Sacramento’s oldest remaining residential neighborhood, Alkali Flat offers an incomparable blend of deep-rooted Gold Rush history and vibrant urban living. Positioned just north of Downtown, the neighborhood is tightly defined by H Street to the south, 7th Street to the west, 12th Street to the east, and the active railroad tracks to the north. Strolling down central neighborhood corridors like E Street, F Street, and 11th Street reveals a peaceful grid of wide, tree-lined sidewalks that stand in beautiful contrast to the bustling state capital located just blocks away.

Timeless Architecture: From Grand Victorians to Modern Infill

The real estate market in Alkali Flat is highly celebrated for its diverse architectural pedigree, bridging nearly two centuries of design. The neighborhood is anchored by its collection of beautifully preserved 19th-century homes, showcasing dramatic Italianate silhouettes, ornate Queen Anne facades, and classic Gold Rush-era Folk Victorians originally built for Sacramento's early elite. Interspersed among these majestic historic properties are early 20th-century Craftsman bungalows and award-winning modern infill developments—like the contemporary tri-level townhomes at The Creamery—making the area a prime target for historic preservationists and luxury urban buyers alike.

Local Landmarks and Urban Amenities

Living in Alkali Flat means being completely surrounded by listed National Register Historic Districts and iconic city landmarks. The neighborhood is home to treasured properties like the J. Neely Johnson House (belonging to California’s fourth governor), the sprawling 1885 Victorian mansion currently operating as the Sacramento Hostel, and the historic Globe Mills, a repurposed 1910 industrial flour mill transformed into luxury modern lofts. Between these architectural monuments, residents enjoy highly usable neighborhood anchors like the community gardens at Zapata Park, the shaded lawns of Neely Johnson Park, and seamless regional access via the central Alkali Flat/La Valentina light rail station.