Estimated payment $8,843/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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/04/2026 06/04/26 | Price Changed | $1,399,000 | -3.5% | $258 / 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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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