2229 24th Street, Sacramento, CA 95818, Sacramento, 95818 - 5 bed, 3 bath
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2229 24th Street
Sacramento, CA 95818
ACTIVE
CONDITION: EXCELLENT
5Beds
3Baths
3,100Sq Ft
3,049Lot Size
Property Price
LIST PRICE$1,350,000
EST. MARKET VALUE
$1,350,000
SUMMARY
This Turn-Key Triplex Asset is listed at $1,350,000, aligning perfectly with its $1,350,000 Fair Market Value. Boasting a Condition Score of 2, the property features a 2022 membrane roof, mini-split HVAC, and fully renovated interiors currently generating $6,560 monthly rent. Located on the cusp of Midtown and Land Park near Sutter Middle School, the site offers significant ADU development potential via the detached three-stall garage. This stable, income-producing property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality house-hack opportunity.
Estimated Market Value
$1,350,000
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 |
|---|---|---|---|---|---|---|
★ 2229 24th Street Subject 5 bd · 3 ba · 3,100 sqft · $435 | $1,350,000* List Price | 5 | 3 | 3,100 | $435 | - |
A 1939 Burnett Way Sold 6 bd · 4 ba · 3,036 sqft · $525 · 0.4 mi | $1,595,000 | 6 | 4 | 3,036 | $525 | 0.4 mi |
B 1720 U Street Sold 4 bd · 4 ba · 3,200 sqft · $428 · 0.5 mi | $1,370,000 | 4 | 4 | 3,200 | $428 | 0.5 mi |
C 2505 W Street Active 5 bd · 5 ba · 2,117 sqft · $448 · 0.1 mi | $949,000 List Price | 5 | 5 | 2,117 | $448 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a comprehensive renovation within the last five years, featuring modern upgraded kitchens, bathrooms, flooring, and dual-pane windows. Major infrastructure is virtually new, including a 2022 membrane roof, mini-split HVAC systems, and updated plumbing and electrical, meeting the highest standards for a turn-key investment.
PROSSTRENGTHS & OPPORTUNITIES
- Turn-Key Condition
The property has undergone extensive renovations within the last five years, including updated kitchens, bathrooms, and major infrastructure like a 2022 roof and mini-split HVAC, ensuring a passive investment.
- Prime Location
Perfectly situated on the cusp of Midtown and Land Park, this location commands high tenant demand and premium rental rates due to its proximity to Sacramento's most popular amenities.
- Value-Add Development Potential
The detached three-stall garage offers a unique opportunity to increase density and cash flow by potentially converting the space into ADUs or a new residential structure.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3100, other record living area = 2598.
- Unit Configuration
The large 1,550 SF second-floor unit only features one bathroom for three bedrooms, which may be a drawback for families or professional roommates sharing the space.
- Limited Lot Size
At approximately 3,049 square feet, the lot is relatively compact for a triplex, resulting in minimal outdoor common space for tenants and tight constraints for future construction.
About 2229 24th Street
Premiere triplex located on the cusp of Midtown and Land Park. The Property features two units on the ground floor, each with two 1bed/1bath and measuring 775 SF. The entire second floor is a 3bed/1 bath unit measuring ~1,550 SF plus a dedicated enclosed sunroom. The building is currently 100% leased generating gross rent of $6,560 per month. All three units have been renovated over the last five 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 a new residential structure/ADUs along W Street. This property is truly turn key and perfect for an investor seeking a passive, hands-off investment.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1939
- Lot Size
- 3,049 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sacramento Unified Schools
William Land Elementary School
Grades K-6 • 1.0 mi
6/10
Theodore Judah Elementary School
Grades K-6 • 1.9 mi
7/10
Sutter Middle School
Grades 7-8 • 1.3 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.5 |
| Baths | 3.0 | 3.5 |
| Square foot | 3,100 | 1,951.727 |
| Lot Size | 3,049 | 6,558.2 |
| Price | $1.35M | $658.0K |
| Price per sq ft | $435 | $327 |
| Built year | 1939 | 1957 |
| HOA | $0 | $304 |
| Days on market | 400 | 52 |
Pricing History
Listed for Sale
Feb 27, 2026
$1,350,000
$1,395,000
-3% Price Drop
Initial Listing
Price Change
Sep 19, 2025
$1,395,000
Initial Listing
Sold
Feb 22, 2023
$1,230,000
Public Record
Sold
Mar 4, 2016
$480,000
Public Record