
Sacramento, CA 95816
This Historic Boulevard Park Triplex represents a High-Potential Investment Opportunity listed at $1,795,000, reflecting a stable price point aligned with its $1,792,326 Fair Market Value. The property maintains a Condition Rating of 3 with updated electrical and plumbing systems across 4,300 square feet of living space. A rare subdivided buildable back lot provides immediate development upside for townhomes or a carriage house. Situated near Sutter Middle School, this asset combines historic character with significant expansion potential. It is a strategic acquisition for Buy-and-Hold Investors and Portfolio Diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2219 H Street Subject | $1,725,000* List Price | 8 | 4 | 4,300 | $405 | - |
A 2711 I Street Active | $1,600,000 List Price | 0 | 0 | 3,852 | $415 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1910 build date, the property has undergone significant renovations likely within the last 5-15 years. Kitchens feature granite countertops and updated cabinetry, and bathrooms have been modernized with contemporary tiling and fixtures. The listing confirms updated plumbing and electrical systems, and the interior appears well-maintained and move-in ready.
The sale includes a subdivided, buildable back lot with potential for two upscale townhomes or a carriage house, offering significant value-add or separate resale potential.
Situated in the prestigious Boulevard Park quarter of Midtown, the property occupies a highly desirable location that commands premium rents and long-term appreciation.
Boasting over 4,300 square feet with a massive 2,200 square-foot upper flat and a full-footprint basement, the property offers rare volume and expansion potential for a historic asset.
The premium list price combined with the necessary capital for lot development or basement conversion requires a sophisticated investor with significant liquidity.
As a 1910 historic structure, any renovations or new construction on the back lot will likely face stringent city planning oversight and higher maintenance costs associated with aging infrastructure.
Absolutely unique Historic triplex; The largest individual living quarters you'll see in a historic multi-family property. Plus subdivided buildable/sellable back lot. Plus outstanding location in prime Boulevard Park quarter of Midtown. Triplex on alley-deep lot. Over 4300 square-feet of total living space with wood floors and historic finishes. Onsite parking for up to 4 cars. Entire upstairs is one large flat, approx 2200 square-ft. To be sold, together, with 2220 Government Aly - parcel 003-0184-025-0000. Front and back parcels together are 160' deep, curb to alley. Added value is projected for a new owner who chooses to build on the subdivided back parcel, either upscale town-homes or a new Carriage House with 3-4 car garage at ground level and large living quarters on 2nd floor. A new owner might profitably choose to sell the back parcel separately, either developed or undeveloped. Consult your Architect or City Planning for options. New Roof and new Electric panel in 2024. Other updated electrical, plumbing and recently new water heaters. Full-footprint basement has approximately 6'6 ceilings with potential for added income or storage.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 1.1 mi
Grades K-6 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 4.0 | 83% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 4,300 | 3,179 | 83% |
| Lot Size | - | 4,356 | 17% |
| Price | $1.73M | $984.5K | 83% |
| Price per sq ft | $401 | $401 | 50% |
| Built year | 1910 | 1915 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 52 | 171 | 17% |
May 26, 2026
$1,725,000
$1,795,000
-4% Price Drop
Initial Listing
Apr 23, 2026
$1,795,000
Initial Listing
Sep 1, 2023
$1,475,000
Public Record