1212 23rd, Sacramento, CA 95816, Sacramento, 95816 - 4 bed, 5 bath
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Sacramento, CA 95816
This Victorian Quadruplex Asset is listed at $825,000, currently positioned above the $685,122 Fair Market Value. While the pricing reflects a premium for the Midtown location, the property’s Fair Condition Rating and original features—including hardwood floors and authentic pocket doors—offer significant value-add potential through interior modernization. Bolstered by Recent Capital Improvements like a newer roof and fresh paint, the asset also features a private deck near top-rated Caleb Greenwood Elementary. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Specialists focused on long-term rental growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1212 23rd Subject | $825,000* List Price | 4 | 5 | 2,650 | $259 | - |
A 1515 24th Street Sold | $750,000 | 4 | 4 | 3,358 | $223 | 0.3 mi |
B 1212 23rd Active | $825,000 List Price | 4 | 5 | 2,650 | $311 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a historic Victorian quadruplex that shows well-maintained exterior elements, including a newer roof and fresh paint. However, the listing description emphasizes 'original charm' and 'historic features' maintained by the same owner for 40 years, while the property analysis explicitly notes that the interior units require significant modernization to meet contemporary standards. The lack of interior photos of kitchens and bathrooms, combined with the age of the property and the need for updates, aligns with a 'fair' condition score.
Situated in the heart of Midtown Sacramento near the State Capitol, this property offers exceptional walkability and bike access to the city's premier dining, boutiques, and cultural venues.
This Victorian quadruplex retains its timeless elegance with original features such as gleaming hardwood floors, authentic pocket doors, and intricate woodwork, offering rare character for the area.
The property has been bolstered by significant recent upgrades, including a newer roof and fresh exterior paint, which enhances curb appeal and reduces immediate maintenance costs for an investor.
With a lot size of just 3,049 square feet for a multi-unit residential income property, there is very limited outdoor space and potentially constrained on-site parking for tenants.
While the exterior and structural elements have been updated, the interior units likely require significant modernization to meet contemporary luxury standards and maximize rental yield.
Welcome to the Heart of Midtown Sacramento Discover timeless elegance and unbeatable location with this Prime Midtown Victorian, a rare gem offering both historic charm and exceptional investment opportunity. Situated just blocks from the State Capitol, this centrally located property boasts unparalleled walkability and bike access to Sacramento's finest restaurants, boutiques, and entertainment venues. Midtown is celebrated for its vibrant culture, tree lined streets, and rich architectural heritage making it one of the city's most sought-after neighborhoods. With classic character this property has been owned and maintained by the same owners for over 40 years, this Victorian home retains its original charm with features such as: Gleaming hardwood floors, built-in cabinetry, authentic pocket doors and intricate woodwork throughout. Recent upgrades include a newer roof and fresh exterior paint, ensuring both beauty and durability. Endless Possibilities Whether you're dreaming of restoring a historic residence, generating rental income, this property offers versatile potential and strong long-term value. Its proximity to public transit, major employment hubs, and top-tier amenities makes it a prime candidate for consistent appreciation and reliable returns.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 1.0 mi
Grades K-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 5.0 | 4.0 | 70% |
| Square foot | 2,650 | 2,568 | 50% |
| Lot Size | 3,049 | 4,012 | 30% |
| Price | $825.0K | $875.0K | 50% |
| Price per sq ft | $311 | $434 | 20% |
| Built year | 0 | 1920 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 181 | 10% |
Mar 26, 2026
$825,000
Initial Listing