Discover 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.
Closed
$2,000,000
2313 T St, Sacramento, CA 95816
8beds
7,324sqft
5 or More Units
Built in 1938
-- sqft lot
$1,951,300 Zestimate®
$273/sqft
$2,115 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: March 14, 2025 at 06:12pm
Listed by:
Jeremy Higgins DRE #01484794 530-574-3329,
Real Brokerage,
Paul Majestic DRE #02031180 530-220-2924,
Real Brokerage
Bought with:
Stephen Riggs, DRE #01891462
Windermere Signature Properties Sierra Oaks
Source: MetroList Services of CA,MLS#: 225012102Originating MLS: MetroList Services, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Free-Standing Gas Oven, Free-Standing Gas Range
Features
- Flooring: Vinyl, Wood
- Has fireplace: No
Interior area
- Total interior livable area: 7,324 sqft
Property
Parking
- Total spaces: 7
- Parking features: Detached
- Garage spaces: 7
Features
- Stories: 1
Lot
- Size: 0.29 Acres
Details
- Zoning description: R-3A
- Special conditions: Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Tudor
- Property subtype: 5 or More Units
Materials
- Stucco, Frame
- Roof: Composition
Condition
- Year built: 1938
Community & neighborhood
Location
- Region: Sacramento
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,951,300