J
Seller's Agent in 2025
Jeremy Higgins
Compass
(530) 574-3329
1 in this area
101 Total Sales
2313 T St Sacramento, CA 95816
Newton Booth Neighborhood
4
Beds
4
Baths
7,324
Sq Ft
0.29
Acres Lot
Highlights
- 0.29 Acre Lot
- 4-minute walk to 23Rd Street
- Tudor Architecture
- William Land Elementary School Rated 9+
- Wood Flooring
- No HOA
About This Home
As of March 2025Discover a rare investment opportunity in the heart of Midtown Sacramento. This captivating property features four single-level duplexes, each showcasing charming Tudor styling and incredible curb appeal. Built in 1938, this well-maintained complex offers a mix of one-bedroom, one-bath units, ranging from approximately 666 to 896 square feet. Seven units include an enclosed one-car garage, a highly desirable amenity in this vibrant urban location. Currently generating $12,245 per month in rental income, the property offers immediate cash flow with significant upside potential. Pro forma rents are estimated at $13,200 or more, presenting a compelling value-add opportunity. Enhance the value further through strategic capital improvements and the implementation of a Ratio Utility Billing System (RUBS). Residents will enjoy unparalleled access to the best of Midtown Sacramento. Easy access to a diverse array of restaurants, cafes, and shops, or explore the vibrant cultural scene. The State Capitol, major freeways, and public transportation are all within easy reach. Conveniently located near Safeway and the Sacramento Natural Foods Co-Op, grocery shopping is a breeze.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1938
Lot Details
- 12,632 Sq Ft Lot
Parking
- 7 Car Detached Garage
Home Design
- Tudor Architecture
- Garden Apartment
- Raised Foundation
- Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- 7,324 Sq Ft Home
- 1-Story Property
Kitchen
- Free-Standing Gas Oven
- Free-Standing Gas Range
Flooring
- Wood
- Vinyl
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- No Cooling
- Wall Furnace
- Separate Meters
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Assessor Parcel Number 010-0036-014-0000
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 8 Units
Building Details
- 8 Leased Units
- Net Lease
- Insurance Expense $6,216
- Net Operating Income $86,363
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/14/2025 03/14/25 | Sold | $2,000,000 | +11.2% | $273 / Sq Ft |
| 02/07/2025 02/07/25 | Pending | -- | -- | -- |
| 01/31/2025 01/31/25 | For Sale | $1,799,000 | -- | $246 / Sq Ft |
Source: MetroList
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 | $4,896 | $2,000,000 | $750,000 | $1,250,000 |
| 2024 | $4,896 | $314,720 | $117,023 | $197,697 |
| 2023 | $4,785 | $308,550 | $114,729 | $193,821 |
| 2022 | $4,701 | $302,501 | $112,480 | $190,021 |
| 2021 | $4,507 | $296,571 | $110,275 | $186,296 |
| 2020 | $4,515 | $293,531 | $109,145 | $184,386 |
| 2019 | $4,427 | $287,776 | $107,005 | $180,771 |
| 2018 | $4,318 | $282,134 | $104,907 | $177,227 |
| 2017 | $4,260 | $276,602 | $102,850 | $173,752 |
| 2016 | $3,797 | $271,180 | $100,834 | $170,346 |
| 2015 | $3,739 | $267,108 | $99,320 | $167,788 |
| 2014 | $3,658 | $261,877 | $97,375 | $164,502 |
Source: Public Records
Agents Affiliated with this Home
-
Jeremy Higgins
-
Paul Majestic
Seller Co-Listing Agent in 2025
Paul Majestic
Real Brokerage
(530) 220-2924
1 in this area
15 Total Sales
-
Stephen Riggs
Buyer's Agent in 2025
Stephen Riggs
Lyon Real Estate
(916) 505-6175
2 in this area
18 Total Sales
Map
Source: MetroList
MLS Number: 225012102
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