2628 G Street, Sacramento, CA 95816, Sacramento, 95816 - 4 bed, 4 bath
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Sacramento, CA 95816
This Midtown Sacramento Victorian Triplex is a high-utility asset listed at $949,000, positioned near its $902,051 Fair Market Value. Featuring a Condition Rating of 3, the property offers updated kitchens, modernized bathrooms, and a private patio. Two vacant units provide immediate flexibility for market-rate leasing or a 1031 exchange. Located within walking distance of McKinley Park and the highly-rated Sutter Middle School, the property benefits from consistent urban rental demand and off-street parking. This is an exceptional opportunity for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a prime corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2628 G Street Subject | $949,000* List Price | 4 | 4 | 2,175 | $415 | - |
A 2320 F Street Sold | $769,000 | 4 | 2 | 1,820 | $423 | 0.2 mi |
B 2400 F Street Street Sold | $1,200,000 | 4 | 4 | 3,000 | $400 | 0.2 mi |
C 914 26th Active | $1,085,000 List Price | 4 | 4 | 2,707 | $401 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This Victorian triplex, built in 1893, is remarkably well-maintained and has undergone significant updates, making it move-in ready. The description highlights 'updated kitchens' and 'modernized bathrooms' across units. Images confirm clean, functional spaces with a mix of charming original features (like the clawfoot tub and high-tank toilet in one upstairs bath) and contemporary updates (like the tiled shower in another, and the laminate flooring and simpler kitchens in the lower units). While some appliances in the main kitchen appear older, they are functional, and the overall condition of flooring, paint, and fixtures is very good. It doesn't meet the 'Excellent' criteria due to the age of some components and the blend of styles, but it far exceeds 'Fair' as it requires no immediate major renovations and is clearly well-cared for.
The property boasts a prime Midtown Sacramento location, offering excellent walkability to McKinley Park, dining, cafes, and transit, which is highly attractive to potential tenants.
With two vacant units, the triplex offers immediate flexibility for a new owner to set market rents, select tenants, or pursue short-term rental strategies, making it ideal for a year-end 1031 exchange.
The property is a well-maintained Victorian-style triplex, suggesting good curb appeal, historic character, and a reduced likelihood of immediate major repairs due to neglect.
Built in 1893, the property's age, despite being well-maintained, may present future maintenance challenges or require updates to older systems (e.g., plumbing, electrical) not explicitly detailed in the listing.
A recent price drop from $995,000 to $949,000 could indicate that the initial asking price was too high or that market interest has been softer than anticipated, potentially affecting perceived value.
While promoted for short-term rentals and tax strategies (cost segregation), the listing explicitly states 'buyer to verify local regulations' and 'with tax and permitting professionals,' implying potential complexities or lack of guaranteed eligibility for these advanced strategies.
Investor-Focused Midtown Triplex Ideal for Year-End 1031 Exchange Well-maintained Victorian-style triplex in a prime Midtown location, offering immediate flexibility with two vacant units a valuable advantage for buyers aiming to complete a 1031 Exchange before year-end. Vacant units allow for quick lease-up or potential short-term rental use (buyer to verify local regulations). Two vacant units may support streamlined timing for exchange buyers needing rapid occupancy or lease-up. The configuration and updates may also appeal to investors evaluating cost segregation studies, accelerated depreciation strategies, or short-term rental operation (buyer to verify with tax and permitting professionals). The upstairs unit includes hard rock maple flooring, a walk-in closet, a master bath with soaking tub and cathedral ceilings, plus an in-unit washer and dryer. The two lower units feature updated kitchens, modernized bathrooms, and shared washer/dryer access (buyer to verify). Efficient layouts support strong rental performance for long-term or short-term stays (buyer to verify). Additional amenities include off-street tandem parking for up to three vehicles, walkability to McKinley Park, and easy access to Midtown dining, cafs, and transit.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 0.8 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,175 | 2,330.5 | 50% |
| Lot Size | 3,049 | 4,012 | 30% |
| Price | $949.0K | $937.0K | 50% |
| Price per sq ft | $436 | $441 | 50% |
| Built year | 1893 | 1920 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 431 | 218 | 90% |
Jan 12, 2026
$949,000
$995,000
-5% Price Drop
Initial Listing
Feb 15, 2025
$995,000
Initial Listing
Apr 8, 2013
$477,000
Public Record