1505 E St Sacramento, CA 95814
Mansion Flats NeighborhoodEstimated payment $5,101/month
Highlights
- Downtown View
- 5-minute walk to Alkali Flat/La Valentina
- 3 Car Attached Garage
- No HOA
- Fenced Yard
- 3-minute walk to Washington Park
About This Home
Historic triplex opportunity in Sacramento's desirable Mansion Flats. Built in 1900, this classic property showcases timeless architectural character including high ceilings, original built-ins and vintage detailing that reflect the charm of early Sacramento homes. The property features three units, with two currently occupied and one vacant, offering immediate income with the potential to increase rents and add value over time. When fully occupied, the property generates approximately $5,000 per month in rental income. It's ideal for local investors, 1031 exchange buyers or someone who wants to rent two units and live in one. Located in the heart of downtown Sacramento, the home sits near restaurants, coffee shops, nightlife, and the vibrant downtown core, making it an attractive location for tenants seeking walkability and urban convenience. This historic property presents a value-add opportunity for investors looking to restore and improve a classic Sacramento triplex. With some deferred maintenance and cosmetic updates, the property offers significant upside while preserving its historic charm. A rare chance to own a turn-of-the-century income property in one of Sacramento's most character-rich neighborhoods.
Listing Agent
Windermere Signature Properties Downtown License #01956019 Listed on: 04/15/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 3,049 Sq Ft Lot
- Fenced Yard
- Landscaped
Parking
- 3 Car Attached Garage
Home Design
- Triplex
- Bungalow
- Raised Foundation
- Composition Roof
Interior Spaces
- 2,336 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Double Pane Windows
- Downtown Views
- Laundry in unit
Kitchen
- Free-Standing Gas Oven
- Dishwasher
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Covered Deck
- Patio
Utilities
- Central Heating and Cooling System
- Window Unit Cooling System
- Wall Furnace
- Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 002-0131-019-0000
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 2 Leased Units
- 1 Vacant Unit
- 2 Units Leased Month-To-Month
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,888 | $509,087 | $296,420 | $212,667 |
| 2024 | $6,888 | $499,106 | $290,608 | $208,498 |
| 2023 | $6,717 | $489,320 | $284,910 | $204,410 |
| 2022 | $6,590 | $479,726 | $279,324 | $200,402 |
| 2021 | $6,288 | $470,321 | $273,848 | $196,473 |
| 2020 | $6,308 | $465,500 | $271,041 | $194,459 |
| 2019 | $5,656 | $456,374 | $265,727 | $190,647 |
| 2018 | $5,509 | $447,426 | $260,517 | $186,909 |
| 2017 | $5,433 | $438,654 | $255,409 | $183,245 |
| 2016 | $5,263 | $430,053 | $250,401 | $179,652 |
| 2015 | $5,185 | $423,594 | $246,640 | $176,954 |
| 2014 | $5,049 | $415,297 | $241,809 | $173,488 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/15/2026 04/15/26 | For Sale | $935,000 | -- | $400 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Alliance Title Company | |
| Interfamily Deed Transfer | -- | Financial Title Company | |
| Grant Deed | $405,000 | Financial Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Gift Deed | -- | Stewart Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $427,000 | New Conventional | |
| Closed | $40,500 | Credit Line Revolving | |
| Closed | $324,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $64,125 | No Value Available |
Source: MetroList
MLS Number: 226036269
APN: 002-0131-019
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Ask me questions while you tour the home.