Estimated payment $9,106/month
Highlights
- No HOA
- Balcony
- Double Pane Windows
- Fenced Yard
- 2 Car Attached Garage
- 2-minute walk to Brooks Truitt Park
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 5,293 Sq Ft Lot
- Fenced Yard
- Landscaped
Home Design
- Concrete Foundation
- Composition Roof
- Wood Siding
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 5,431 Sq Ft Home
- 3-Story Property
- Ceiling Fan
- Double Pane Windows
- Laminate Flooring
- Basement Storage
- Leased Washer and Dryer
Kitchen
- Gas Cooktop
- Microwave
- Dishwasher
Home Security
- Security Gate
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 Car Attached Garage
- Off-Street Parking
Outdoor Features
- Balcony
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Natural Gas Connected
- Property is located within a water district
- Gas Water Heater
- Sewer in Street
Listing and Financial Details
- Assessor Parcel Number 007-0311-004-0000
Community Details
Overview
- No Home Owners Association
- 9 Units
Building Details
- 9 Leased Units
- Insurance Expense $6,237
- Maintenance Expense $6,750
- Operating Expense $53,628
- Net Operating Income $87,150
Additional Features
- Coin Laundry
- Building Fire Alarm
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 | $17,011 | $1,400,662 | $284,107 | $1,116,555 |
| 2024 | $17,011 | $1,373,199 | $278,537 | $1,094,662 |
| 2023 | $16,608 | $1,346,275 | $273,076 | $1,073,199 |
| 2022 | $16,324 | $1,319,878 | $267,722 | $1,052,156 |
| 2021 | $15,558 | $1,293,999 | $262,473 | $1,031,526 |
| 2020 | $15,673 | $1,280,731 | $259,782 | $1,020,949 |
| 2019 | $15,344 | $1,255,620 | $254,689 | $1,000,931 |
| 2018 | $14,944 | $1,231,001 | $249,696 | $981,305 |
| 2017 | $14,733 | $1,206,864 | $244,800 | $962,064 |
| 2016 | $10,477 | $837,581 | $203,050 | $634,531 |
| 2015 | $10,319 | $230,848 | $44,383 | $186,465 |
| 2014 | $3,457 | $226,327 | $43,514 | $182,813 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/24/2026 04/24/26 | For Sale | $1,450,000 | 0.0% | $267 / Sq Ft |
| 04/13/2026 04/13/26 | Pending | -- | -- | -- |
| 03/11/2026 03/11/26 | For Sale | $1,450,000 | -- | $267 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,338,500 | Old Republic Title Company | |
| Grant Deed | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $611,250 | Purchase Money Mortgage |
Source: MetroList
MLS Number: 226028861
APN: 007-0311-004
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