1505 E Street, Sacramento, CA 95814, Sacramento, 95814 - 4 bed, 3 bath
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1505 E Street
Sacramento, CA 95814
ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,336Sq Ft
3,049Lot Size
Property Price
LIST PRICE$715,000
EST. MARKET VALUE
$715,000
SUMMARY
This 1900-Built Mansion Flats Triplex functions as a strategic Residential Income Asset listed at $848,000, priced relative to its $798,503 Fair Market Value. Currently holding a Condition Rating of 4, the property provides a clear value-add path to restore its Historic Architectural Character and address deferred maintenance. Generating a $5,000 Monthly Rental Income potential, the asset leverages proximity to Sutter Middle School and downtown's urban core. This acquisition suits Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack in a high-demand, walkable Sacramento neighborhood.
Estimated Market Value
$715,000
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 |
|---|---|---|---|---|---|---|
★ 1505 E Street Subject | $715,000* List Price | 4 | 3 | 2,336 | $306 | - |
A 425 14th Street Sold | $835,000 | 5 | 4 | 2,422 | $345 | 0.1 mi |
B 618 14th Street Active | $715,000 List Price | 4 | 2 | 1,958 | $365 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
This 1900 historic triplex is functional and currently income-producing but shows clear signs of deferred maintenance and outdated features. While some interior areas have newer laminate flooring, the kitchens and bathrooms are dated with older appliances and tile countertops. The exterior requires paint and repair to wooden stairs, and the presence of window AC units and a wood stove indicates older climate control systems.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation & Versatility
This triplex offers immediate rental income with a $5,000 monthly potential, making it an ideal asset for 1031 exchange investors or owner-occupants looking to 'house hack' by living in one unit while renting the others.
- Prime Urban Location
Situated in the desirable Mansion Flats neighborhood, the property boasts exceptional walkability to downtown Sacramento’s premier dining, coffee shops, and nightlife, ensuring high tenant demand.
- Historic Value-Add Potential
Built in 1900, the home features timeless architectural character like high ceilings and original built-ins, providing a significant equity-building opportunity through strategic restoration and cosmetic updates.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The property requires investment to address deferred maintenance and cosmetic needs, which may necessitate immediate capital expenditure beyond the initial purchase price.
- Low Local School Ratings
Most assigned public schools in the immediate area carry lower performance ratings, which could limit the property's appeal to long-term family tenants.
About 1505 E Street
Major Price Improvement - Now Offered at $715,000! Bring your vision and unlock the potential of this historic 1900 triplex in Sacramento's sought-after Mansion Flats. This value-add opportunity is ideal for investors, contractors, owner-occupants, or 1031 exchange buyers looking to restore a classic property while building equity. Featuring three units, with two currently occupied and one vacant, the property offers immediate rental income and significant upside through renovations and future rent growth. Original built-ins, high ceilings, and vintage architectural details provide the perfect foundation for a thoughtful restoration. Located just minutes from the Railyards, Sacramento State's new downtown campus, the State Capitol, restaurants, and entertainment, this is an opportunity to invest in one of Sacramento's most exciting growth corridors. Whether you're looking to renovate, reposition, or create long-term value, this property offers the location, character, and potential to make it happen.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1900
- Lot Size
- 3,049 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sacramento Unified Schools
Washington Elementary School
Grades K-6 • 0.2 mi
0/10
William Land Elementary School
Grades K-6 • 1.3 mi
6/10
Theodore Judah Elementary School
Grades K-6 • 1.8 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.6 |
| Baths | 3.0 | 3.6 |
| Square foot | 2,336 | 1,911.465 |
| Lot Size | 3,049 | 6,677.419 |
| Price | $715.0K | $673.8K |
| Price per sq ft | $306 | $336 |
| Built year | 1900 | 1956 |
| HOA | $0 | $304 |
| Days on market | 147 | 55 |
Pricing History
Listed for Sale
Jul 11, 2026
$715,000
$798,000
-10% Price Drop
Initial Listing
Price Change
Jun 10, 2026
$798,000
$848,000
-6% Price Drop
Initial Listing
Price Change
Apr 15, 2026
$848,000
Initial Listing
Sold
Dec 23, 2005
$405,000
Public Record