2409 I Street, Sacramento, CA 95816, Sacramento, 95816 - 3 bed, 3 bath
Loading property details...
2409 I Street
Sacramento, CA 95816
ACTIVE
CONDITION: GOOD
3Beds
3Baths
867Sq Ft
3,049Lot Size
Property Price
LIST PRICE$1,300,000
EST. MARKET VALUE
$1,267,442
SUMMARY
This Turnkey Triplex represents a Strong Value Opportunity, listed at $1,400,000—positioned slightly above the $1,337,442 Fair Market Value. While the list price reflects a premium, the property features a Good Condition Rating following a comprehensive 2018 renovation, including new HVAC, plumbing, and electrical systems. With modern in-unit amenities like stackable washer/dryers and stainless steel appliances, this asset minimizes deferred maintenance. Located in a prime Midtown hub near major employers and transit, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-generating property.
Estimated Market Value
$1,267,442
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 |
|---|---|---|---|---|---|---|
★ 2409 I Street Subject | $1,300,000* List Price | 3 | 3 | 867 | $1,462 | - |
A 2801 D Street Active | $1,195,000 List Price | 4 | 4 | 800 | $1,494 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the building dates to 1890, it underwent a full renovation in 2018 (6-8 years ago). Per the criteria, a 5-15 year old renovation qualifies as Good. The property features updated systems (HVAC, roof, plumbing, electric) and modern interior finishes including stainless appliances and tiled showers.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive 2018 Renovation
The property underwent a full renovation in 2018, including new roofing, HVAC, plumbing, and electrical systems, providing a turnkey investment with minimal deferred maintenance.
- Prime Midtown Location
Situated in a highly walkable Midtown neighborhood near Sutter's Fort and McKinley Park, the property offers excellent proximity to Sacramento's best dining, nightlife, and major employment hubs.
- Modern In-Unit Amenities
Each unit is equipped with premium features including central HVAC, in-unit stackable washer/dryers, and stainless steel appliances, which are significant drivers for high rental demand.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 867, other record living area = 2602. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 3.
- Limited Unit Diversity
The triplex consists exclusively of 1-bedroom units, which restricts the potential tenant pool to individuals or couples and may result in higher turnover compared to larger family-sized units.
- High Acquisition Cost
At a list price of $1.4 million, the price per unit is approximately $466,000, which may challenge investors looking for high immediate cap rates or cash-on-cash returns in the current interest rate environment.
About 2409 I Street
-Three-story triplex with three spacious 1-bedroom units -Fully renovated in 2018 with modern finishes throughout -New roof, HVAC, plumbing, electrical, and staircases -Hardwood floors, tiled showers, and stainless steel appliances -Central HVAC and in-unit stackable washer/dryers -Turnkey investment with minimal deferred maintenance -Prime Midtown location near dining, retail, and nightlife -Minutes from Sutter's Fort, McKinley Park, DOCO & Golden 1 Center -Near Sacramento's Central Business District and major employers -Easy access to J Street, 16th Street, I-80, and Highway 50
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1890
- Lot Size
- 3,049 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sacramento Unified Schools
Washington Elementary School
Grades K-6 • 0.6 mi
0/10
David Lubin Elementary School
Grades K-6 • 0.9 mi
6/10
Theodore Judah Elementary School
Grades K-6 • 1.2 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.6 |
| Baths | 3.0 | 3.6 |
| Square foot | 867 | 1,911.465 |
| Lot Size | 3,049 | 6,677.419 |
| Price | $1.30M | $673.8K |
| Price per sq ft | $1.5K | $336 |
| Built year | 1890 | 1956 |
| HOA | $0 | $304 |
| Days on market | 32 | 55 |
Pricing History
Listed for Sale
Aug 29, 2026
$1,300,000
$1,400,000
-7% Price Drop
Initial Listing
Price Change
Aug 8, 2026
$1,400,000
Initial Listing
Sold
May 20, 2022
$1,225,000
Public Record
Sold
Feb 23, 2016
$695,000
Public Record
Sold
Mar 12, 2010
$412,000
Public Record