Price Reduction
Address
815 17th Street, Sacramento, CA
Price
$ 1,599,000
Property Attributes
- MLS#226074712
- TypeIncome
- Listing Status Active
- CountySACRAMENTO
- CitySacramento
- AreaSacramento
- NeighborhoodLake Canyon Estates
- Zip95811
- StyleCraftsman,Victorian
- Year Built1900
- Price$ 1,599,000
- Bedrooms6
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage4630
- Lot Size0.08 Acres
Data Source:
MetroList MLS
Property Description
NEW PRICE - $1,599,000 Historic Midtown Craftsman Fourplex + Flex Space $121,740 Annualized Scheduled Income A rare opportunity to acquire a stabilized multifamily property in the heart of Midtown Sacramento offering a compelling combination of income, historic character and flexibility. This 4,630 SF Craftsman fourplex generates $121,740 in annualized scheduled income, including garage income, with tenants paying their own gas and electric. At the new price, the property offers an approx. 4.9% cap rate based on normalized operating expenses. Originally built in 1900, 815 17th Street showcases the craftsmanship that makes Midtown properties so difficult to replicate, including coffered ceilings, original built-ins, Murphy beds, pocket doors, picture rails, wainscoting, hardwood floors and extensive period millwork. The property consists of four income-producing residential units plus two income-producing garages, providing valuable off-street parking in the heart of Midtown. A substantial lower-level flex space includes a kitchen, bathroom, bedroom area and living area. While not represented as a legal rental unit, the space provides exceptional flexibility for owner use, guests, home office, studio, fitness area, storage or other personal uses. The property has benefited from numerous improvements and ongoing maintenance, highlighted by the installation of a 50-year roof in 2022. Located just blocks from the State Capitol, Sutter Medical Center, Golden 1 Center and the R Street Corridor, with Midtown's restaurants, coffee shops, parks, nightlife and arts scene nearby. Now offered at $1,599,000, 815 17th Street presents a unique opportunity for investors, 1031 exchange buyers and owner-users seeking stabilized income, substantial square footage and irreplaceable historic character in one of Sacramento's most desirable urban neighborhoods.
| Price History | |
|---|---|
| 6/12/2026 | Listed $1,680,000 |
| 9/5/2026 | 5$1,599,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central,Gas,Individual,Varies by Unit |
| Cooling | Central,Varies by Unit,Individual |
| Utilities | Cable Available,Sewer In & Connected,Electric,Internet Available,Natural Gas Connected |
| Roof | Composition |
| Appliances | Free Standing Gas Range,Gas Water Heater,Dishwasher,Disposal,Plumbed For Ice Maker,Varies By Unit,Free Standing Electric Range |
| Unit 4 Rent | 2350 |
| Unit 2 Rent | 2500 |
| Unit 3 Rent | 2745 |
| Unit 1 Rent | 2550 |
| Garage Spaces | 2.0 |
| Patio/Porch Features | Balcony/Deck,Covered Patio |
| Architectural Style | Craftsman,Victorian |
| Construction Materials | Block,Shingle Siding,Stone,Frame,Wood Siding,Masonry |
| Year Built | 1900 |
| Electric | 220 Volts |
| Tenant Pays | Cable TV,Electricity,Gas |
| Stories Count | 3 |
| Topography | Level |
| Property Subtype | Quadruplex |
| LeaseDeposit | 12900 |
| County | Sacramento |
| Property Type | Residential Income |
| HOA | No |
| Energy Efficient | Appliances,Roof,Exposure/Shade,Water Heater |
| Subdivision Name | Lake Canyon Estates |
| Close Price | 0.0 |
| Status | Active |
| Directions | Directions: From Hwy 50 or Business 80,take the 16th Street exit into Midtown. Turn east on H Street,then south on 17th Street. Property is located on the right-hand side between H and I Streets. |
| City | Sacramento |
| High School District | Sacramento Unified |
| Zoning Description | R-3A |
| Open Parking Spaces | 0.0 |
| Number Of Units Total | 5 |
| MLS Area | 10811 |
| Lot Size Square Feet | 3485.0 |
| Carport Spaces | 0.0 |
| Property Condition | Varies by Unit |
| Ok to Lease | Lease/Month to Month Mix |
| Standard Status | Active |
| Middle/Junior School District | Sacramento Unified |
| Elementary School District | Sacramento Unified |
| Year Built Source | Assessor Auto-Fill |
Interior Features
| Basement | Apartment In Basement,Storage Area |
|---|---|
| Flooring | Carpet,Tile,Wood |
| Total Stories | 2 |
| Unit 1 Full Baths | 1 |
| Unit 2 Full Baths | 1 |
| Unit 3 Full Baths | 1 |
| Unit1Bedrooms | 1 |
| Unit2Bedrooms | 2 |
| Unit3Bedrooms | 2 |
| Unit4Bedrooms | 1 |
| Window Features | Window Coverings,Window Screens |
| Laundry Features | Washer/Dryer Owned,In Each Unit |
| Unit 1 Bedroom Units Total | 2 |
| Unit 2 Bedroom Units Total | 2 |
Exterior Features
| Exterior Amenities | Fenced Yard,Yard Space |
|---|---|
| Parking Features | Offsite,Street,Garage,Garage Door Opener,Leased |
| Lot Features | Shape Regular,Curbs/Gutters,Sidewalk,Landscape Back,Landscape Front |
| Water Source | Meter on Site,Meter Required,Public |
| Total Parking | 2.0 |
| Foundation Details | Concrete,ConcretePerimeter,Slab |
| Number of Buildings | 1 |
| Lot Size Acres | 0.08 |
| Lot Size Source | Assessor Auto-Fill |
| Covered Spaces | 0.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 95811
Price
Year Built
Visits
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MetroList CA data last updated: September 21, 2026 4:17 AM UTC 