2229 24th Street, Sacramento, CA 95818, Sacramento, 95818 - 3 bed, 1 bath
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Sacramento, CA 95818
This Turnkey Income-Producing Triplex is listed at $1,395,000, representing a stable acquisition at its $1,395,000 Fair Market Value. Boasting an Excellent Condition Rating after a complete three-year renovation, the property features a vacant 1,550 SF primary unit and two leased units generating $3,885 in monthly gross rent. With the largest square footage among local comparables, a new membrane roof, and ADU development potential near Sutter Middle School, this asset balances lifestyle luxury with high-yield potential. It is perfectly suited for Owner-Occupants seeking a sophisticated house-hack or Buy-and-Hold Investors targeting a premium Land Park asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2229 24th Street Subject | $1,395,000* List Price | 3 | 1 | 3,049 | $458 | - |
A 1755 4th Avenue Sold | $1,125,000 | 4 | 2 | 2,024 | $556 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1939, this triplex has undergone extensive and recent renovations within the last 3 years, including new kitchens with stainless steel appliances, modern bathrooms, updated flooring (hardwood and tile), new lighting, dual-pane windows, and mini-split HVAC systems. The roof was replaced in 2022, and plumbing and electrical systems are virtually new. The property is described as 'truly turn key,' aligning perfectly with the 'Excellent' condition criteria for a fully renovated property with all components new or virtually new.
Strategically situated on the cusp of Midtown and Land Park, offering access to desirable neighborhoods and amenities.
Two ground-floor units are leased, generating a total gross rent of $3,885 per month, providing immediate cash flow.
All units and building infrastructure (roof, HVAC, plumbing, electrical, windows, interiors) have been virtually renewed within the last 3 years, ensuring a turn-key asset.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3049, other record living area = 2598. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 5.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3049, living area = 3049.
While a three-stall detached garage exists, the overall parking provision for a triplex, especially with potential ADUs, may be constrained.
Premiere triplex located on the cusp of Midtown and Land Park. Entire second floor is a vacant 3bed/1bath unit measuring ~1,550 SF and is ready for an owner-occupant. The ground floor features two units, each 1bed/1bath and measuring 775 SF. The two ground floor units are both leased and generating total gross rent of $3,885 per month. All three units have been renovated over the last 3 years including upgraded kitchens, bathrooms, flooring, paint, dual-pane windows, lighting, and in-unit washer/dryer. Building infrastructure is also virtually new including new membrane roof in 2022, mini-split HVAC units, plumbing, electrical, insulation, interior/exterior paint, and landscaping/irrigation. Detached garage with three separate stalls, which can also be demolished make way for an new residential structure/ADUs along W Street. This property is truly turn key and cash flowing!
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades K-6 • 1.9 mi
Grades 7-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 3,049 | 1,553 | 96% |
| Lot Size | 3,049 | 5,663 | 16% |
| Price | $1.40M | $735.0K | 94% |
| Price per sq ft | $458 | $509 | 33% |
| Built year | 1939 | 1938 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 215 | 166 | 86% |
Sep 19, 2025
$1,395,000
Initial Listing
Feb 22, 2023
$1,230,000
Public Record
Mar 4, 2016
$480,000
Public Record