
Sacramento, CA 95816
Rare Midtown investment opportunity on iconic Capitol Avenue. This six‑unit residential income property offers classic Sacramento character, long‑term tenancy, and exceptional walkability in one of the city's most desirable urban neighborhoods. Just steps from cafes, restaurants, boutique shops, and the Capitol grounds, this location consistently attracts strong renter demand. The building features six well kept units with original charm and reliable in place income. Tenants enjoy off‑street parking a valuable amenity in Midtown and a fenced yard that adds privacy and usable outdoor space. With stable occupancy and a prime location, the property presents a compelling value add opportunity for investors looking to enhance rents over time through strategic improvements or gradual turnover. Midtown remains one of Sacramento's strongest rental markets, driven by proximity to downtown employers, public transit, major freeways, and year‑round cultural amenities. Properties of this size and location seldom come available 2408 Capitol Ave is a standout addition to any Sacramento portfolio.
Property is extensive renovation needed.
Originally built in 1907, the property shows significant signs of age with no evidence of recent major renovations. The kitchen is highly dated with stained appliances and old cabinetry, while the reliance on window AC units and standalone gas wall heaters indicates antiquated systems well over 30 years old. The interior requires a full rehab to address dated finishes and system inefficiencies.
Situated on iconic Capitol Avenue, the property offers exceptional walkability to the State Capitol, local dining, and boutique shopping, ensuring consistently high renter demand.
The inclusion of off-street parking and a private fenced yard provides a significant competitive advantage in the dense Midtown market where these features are highly coveted.
With stable occupancy and reliable in-place income, the property presents a clear opportunity for investors to increase yield through strategic interior upgrades and market-rate adjustments.
Built in 1907, the property may require higher-than-average capital expenditures for the upkeep of aging systems and the preservation of its original architectural character.
While the location is ideal for urban professionals, the assigned secondary schools have lower ratings, which may limit the property's appeal to families seeking long-term residency.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades K-6 • 0.9 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 3.5 |
| Square foot | 7,152 | 1,951.727 |
| Lot Size | 11,326 | 6,558.2 |
| Price | $2.10M | $658.0K |
| Price per sq ft | $294 | $327 |
| Built year | 1907 | 1957 |
| HOA | $0 | $304 |
| Days on market | 16 | 52 |
Oct 8, 2026
$2,100,000
Initial Listing