1231 Arcade Blvd, Sacramento, CA 95815, Sacramento, 95815 - 0 bed, 0 bath
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1231 Arcade Blvd
Sacramento, CA 95815
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,351Sq Ft
16,000Lot Size
Property Price
LIST PRICE$449,999
EST. MARKET VALUE
$463,429
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $449,999—positioned well below the $409,090 Fair Market Value by -9%. While the property requires completion of the third unit, the 16,000+ sqft lot and approved permits provide a clear path to value-add. With two units currently generating income, this asset offers immediate cash flow to offset renovation costs. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors capable of managing the Condition Rating of 5 to maximize long-term equity.
Estimated Market Value
$463,429
Based on Realkey algorithm analyzing recent comparable sales in Sacramento.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1231 Arcade Blvd Subject 0 bd · 0 ba · 2,351 sqft · $197 | $449,999* List Price | 0 | 0 | 2,351 | $197 | - |
A 1685 Glenrose Ave Active 6 bd · 3 ba · 2,400 sqft · $229 · 1.0 mi | $549,000 List Price | 6 | 3 | 2,400 | $229 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1950, this triplex requires significant rehab. While two of the units are currently functional and occupied, the third unit is completely gutted to the studs and requires extensive work to finish construction and bring it up to code.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
As a triplex, this property offers immediate cash flow opportunities, allowing an owner-occupant to live in one unit while utilizing rental income from the others to significantly offset mortgage costs.
- Development Potential
The expansive 16,000+ sqft lot provides substantial space for a potential ADU (Accessory Dwelling Unit), offering a rare opportunity to further increase the property's density and long-term value.
- Value-Add with Approved Permits
The third unit comes with city-approved permits already in place, allowing an investor to immediately finish the renovation and capture equity growth without the typical bureaucratic delays.
CONSRISKS & DEFICIENCIES
- Unfinished Construction
The third unit requires significant manual labor and completion, which may deter buyers looking for a turnkey investment or those without the resources to manage a renovation project.
- Financing Challenges
Due to the unfinished state of one unit and the 'fixer' nature of the property, securing traditional conventional financing may be more complex compared to a fully move-in ready residence.
About 1231 Arcade Blvd
OPPORTUNITY KNOCKS! LIVE IN ONE UNIT GET RENTS FROM THE TWO BEDROOM WHILE FINISHING FIXING THE THIRD UNIT. PERMITS ALREADY APPROVED AND WAITING FOR THE BUYER INVESTOR OR FIRST TIME BUYER WITH ENERGY. 16000 + SQFT LOT WITH ROOM FOR POSSIBLE ADU. PROPERTY IS READY TO BE OCCUPIED AS MONEY IS CURRENTLY COMING IN TO HELP PAY THE MORTGAGE. THREE BEDROOM ONE BATH/TWO BEDROOM ONE BATH AND TRHEE BEDROOM ONE BATH THAT NEED TO FINISH WITH PERMIT APPROVED BY THE CITY ALREADY. GRAB A HAMMER AND GET TO WORK AND MAKE YOUR DREAM COME THRU. ROOF THREE YEARS OLD. PROPERTY HAS CODE COMPLIANCE VIOLATION DUE TO UNFINISHED WORK.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1950
- Lot Size
- 16,000 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 3.5 |
| Square foot | 2,351 | 1,951.727 |
| Lot Size | 16,000 | 6,558.2 |
| Price | $450.0K | $658.0K |
| Price per sq ft | $191 | $327 |
| Built year | 1950 | 1957 |
| HOA | $0 | $304 |
| Days on market | 35 | 52 |
Pricing History
Listed for Sale
Sep 19, 2026
$449,999
Initial Listing
Sold
Oct 23, 2018
$335,000
Public Record
Sold
May 25, 2017
$234,500
Public Record
Sold
Feb 9, 2017
$252,502
Public Record