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1808 P St
Sacramento, CA 95811 Midtown Sacramento

$1,450,000 USD

Apartments For Sale • 5,200 SF

Property Details

Property Type Apartments
Total Building Size 5,200 SF
Lot Size 0.12 AC
Building Class C
Year Built 1900
Cap Rate 6.01 %
Zoning R-3A

60 Transit Score

96 Walk Score

                
                    Highlights
                
                                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.

Financial Summary (Actual)

Net Operating Income: $88,350 USD (2025)

Cap Rate:	6.01 %
Total Expenses:	$53,628 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Laundry Valet

Amenities

Laundry Facilities
Gated
Heating
Kitchen
Carpet

Public Transportation

Commuter Rail	Drive	Walk	Distance
	5 min	-	1.8 mi
Transit/Subway	Drive	Walk	Distance
16th Street (Blue Line - Sacramento Regional Transit District Light Rail (The RT), Gold Line - Sacramento Regional Transit District Light Rail (The RT))	2 min	7 min	0.3 mi
23rd Street (Gold Line - Sacramento Regional Transit District Light Rail (The RT))	2 min	10 min	0.5 mi
13th Street (Blue Line - Sacramento Regional Transit District Light Rail (The RT), Gold Line - Sacramento Regional Transit District Light Rail (The RT))	2 min	11 min	0.6 mi
Archives Plaza (Blue Line - Sacramento Regional Transit District Light Rail (The RT), Gold Line - Sacramento Regional Transit District Light Rail (The RT))	2 min	14 min	0.7 mi
Cathedral Square (Blue Line - Sacramento Regional Transit District Light Rail (The RT))	3 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Sacramento International	19 min	-	12.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	1
Type:	Covered
Included in Rent:	Yes

Isaac Merritt 530-401-1885 ALIVE Commercial Real Estate

1808 P St Sacramento, CA 95811 Midtown Sacramento