1505 E Street, Sacramento, CA 95814, Sacramento, 95814 - 4 bed, 3 bath
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Sacramento, CA 95814
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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1505 E Street Subject | $848,000* List Price | 4 | 3 | 2,336 | $342 | - |
A 511 13th Street Sold | $735,000 | 4 | 4 | 2,180 | $337 | 0.2 mi |
B 425 14th Street Active | $875,000 List Price | 5 | 4 | 2,422 | $361 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
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1900 historic triplex is functional and currently income-producing but shows clear signs of deferred maintenance and outdated features.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.
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.
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.
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.
The property requires investment to address deferred maintenance and cosmetic needs, which may necessitate immediate capital expenditure beyond the initial purchase price.
Most assigned public schools in the immediate area carry lower performance ratings, which could limit the property's appeal to long-term family tenants.
Historic triplex opportunity in Sacramento's desirable Mansion Flats. Built in 1900, this classic property showcases timeless architectural character including high ceilings, original built-ins and vintage detailing that reflect the charm of early Sacramento homes. The property features three units, with two currently occupied and one vacant, offering immediate income with the potential to increase rents and add value over time. When fully occupied, the property generates approximately $5,000 per month in rental income. It's ideal for local investors, 1031 exchange buyers or someone who wants to rent two units and live in one. Located in the heart of downtown Sacramento, the home sits near restaurants, coffee shops, nightlife, and the vibrant downtown core, making it an attractive location for tenants seeking walkability and urban convenience. This historic property presents a value-add opportunity for investors looking to restore and improve a classic Sacramento triplex. With some deferred maintenance and cosmetic updates, the property offers significant upside while preserving its historic charm. A rare chance to own a turn-of-the-century income property in one of Sacramento's most character-rich neighborhoods.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 1.3 mi
Grades K-6 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 4.0 | 33% |
| Square foot | 2,336 | 2,336 | 50% |
| Lot Size | 3,049 | 3,049 | 50% |
| Price | $848.0K | $848.0K | 50% |
| Price per sq ft | $363 | $362 | 67% |
| Built year | 1900 | 1900 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 307 | 33% |
Apr 15, 2026
$848,000
Initial Listing
Dec 23, 2005
$405,000
Public Record