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Corinne Bridgewater

corinne@cooperhomesales.com +1(916) 235-3592

$ 1,599,000

Est. payment | -/mo

4,630 SqFt

Save

$ 1,599,000

Est. payment | -/mo

Save

4,630 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,630 sqft

Price per Sqft $345

Subdivision Lake Canyon Estates

MLS Listing ID 226074712

HOA Y/N No

Year Built 1900

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type Quadruplex

Source MLS Metrolist

Property Description

NEW PRICE - $1,599,000 Historic Midtown Craftsman Fourplex + Flex Space $121,740 Annualized Scheduled Income A rare opportunity to acquire a stabilized multifamily property in the heart of Midtown Sacramento offering a compelling combination of income, historic character and flexibility. This 4,630 SF Craftsman fourplex generates $121,740 in annualized scheduled income, including garage income, with tenants paying their own gas and electric. At the new price, the property offers an approx. 4.9% cap rate based on normalized operating expenses. Originally built in 1900, 815 17th Street showcases the craftsmanship that makes Midtown properties so difficult to replicate, including coffered ceilings, original built-ins, Murphy beds, pocket doors, picture rails, wainscoting, hardwood floors and extensive period millwork. The property consists of four income-producing residential units plus two income-producing garages, providing valuable off-street parking in the heart of Midtown. A substantial lower-level flex space includes a kitchen, bathroom, bedroom area and living area. While not represented as a legal rental unit, the space provides exceptional flexibility for owner use, guests, home office, studio, fitness area, storage or other personal uses. The property has benefited from numerous improvements and ongoing maintenance, highlighted by the installation of a 50-year roof in 2022. Located just blocks from the State Capitol, Sutter Medical Center, Golden 1 Center and the R Street Corridor, with Midtown's restaurants, coffee shops, parks, nightlife and arts scene nearby. Now offered at $1,599,000, 815 17th Street presents a unique opportunity for investors, 1031 exchange buyers and owner-users seeking stabilized income, substantial square footage and irreplaceable historic character in one of Sacramento's most desirable urban neighborhoods.

Location

State CA

County Sacramento

Area 10811

Direction Directions: From Hwy 50 or Business 80, take the 16th Street exit into Midtown. Turn east on H Street, then south on 17th Street. Property is located on the right-hand side between H and I Streets.

Rooms

Other Rooms Unit-1 Approx SqFt: 1156 Bedrooms: 1 Full Baths: 1 Total Rooms: 5 Occupancy: Tenant Rent: 2550 SqFt Source: Owner Unit-2 Approx SqFt: 1159 Bedrooms: 2 Full Baths: 1 Total Rooms: 5 Occupancy: Tenant Rent: 2500 SqFt Source: Owner Unit-3 Approx SqFt: 1159 Bedrooms: 2 Full Baths: 1 Total Rooms: 5 Occupancy: Tenant Rent: 2745 SqFt Source: Owner Unit-4 Approx SqFt: 1156 Bedrooms: 1 Full Baths: 1 Total Rooms: 5 Occupancy: Tenant Rent: 2350 SqFt Source: Owner

Basement Apartment In Basement, Storage Area

Interior

Heating Central, Gas, Individual, Varies by Unit

Cooling Central, Varies by Unit, Individual

Flooring Carpet, Tile, Wood

Window Features Window Coverings,Window Screens

Appliance Free Standing Gas Range, Gas Water Heater, Dishwasher, Disposal, Plumbed For Ice Maker, Varies By Unit, Free Standing Electric Range

Laundry Washer/Dryer Owned, In Each Unit

Exterior

Exterior Feature Fenced Yard, Yard Space

Parking Features Offsite, Street, Garage, Garage Door Opener, Leased

Garage Spaces 2.0

Utilities Available Cable Available, Sewer In & Connected, Electric, Internet Available, Natural Gas Connected

Water Access Desc Meter on Site,Meter Required,Public

Roof Type Composition

Topography Level

Porch Balcony/Deck, Covered Patio

Total Parking Spaces 2

Building

Lot Description Shape Regular, Curbs/Gutters, Sidewalk, Landscape Back, Landscape Front

Story 3

Foundation Concrete, ConcretePerimeter, Slab

Sewer Public Sewer

Water Meter on Site, Meter Required, Public

Architectural Style Craftsman, Victorian

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 006-0065-001-0000

Special Listing Condition None

Listed by eXp Realty of California, Inc.

Schools and Properties Nearby

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+1(916) 235-3592

corinne@cooperhomesales.com

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815 17th ST Sacramento, CA 95811