2729 P Street, Sacramento, CA 95816, Sacramento, 95816 - 5 bed, 4 bath
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Sacramento, CA 95816
This Midtown Multi-Unit Asset is listed at $695,000, offering a stable acquisition price positioned near its $684,212 Fair Market Value. Currently holding a Condition Rating of 4, the property presents a clear value-add opportunity through the modernization of its three distinct units to capture peak market rents. Its location is unparalleled, sitting directly across from Albert Winn Park and providing a scenic Park View within a highly walkable urban district. Zoned for top-tier schools like Sutter Middle and Theodore Judah Elementary, it ensures strong long-term tenant retention. This is a strategic choice for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2729 P Street Subject | $695,000* List Price | 5 | 4 | 1,876 | $365 | - |
A 2320 F Street Sold | $769,000 | 4 | 2 | 1,820 | $423 | 0.8 mi |
B 1922 25th Street Active | $689,000 List Price | 0 | 0 | 2,084 | $331 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, the property is significantly dated. Interior images show worn carpeting with visible staining and a small half-bath with budget-grade finishes and mismatched flooring that appear over 20 years old. While functional and currently generating rental income, the units require cosmetic updates and modernization to systems and fixtures to meet current market standards.
Situated directly across from Albert Winn Park and within walking distance to popular restaurants and shopping, this property occupies a highly desirable and walkable urban setting in the heart of Sacramento.
Featuring three distinct units, including a 2-bedroom front unit and a 3-bedroom rear unit, the property offers versatile rental configurations and diversified income streams for residential income investors.
The property is zoned for well-regarded schools such as Sutter Middle and Theodore Judah Elementary, which enhances long-term property value and attracts a stable tenant base.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1876, other record living area = 1776.
The middle unit is only approximately 120 square feet with a half bath, significantly limiting its functionality as a standard living space and potentially restricting its rental income capacity.
Built in 1946 and marketed as having 'a lot of potential,' the property likely requires modernization or capital improvements to meet current market standards and maximize investment returns.
One building with three units in Midtown. Offers a lot of potential for the right buyer. Across the street from Albert Winn Park. The front unit is rent and is a 2 bedroom 1 bath and rear unit is a 3 bedroom with 1 bath. Middle unit is approx 120 sq ft with 1/2 bath. You will love the location being walking distance to resturants and shopping.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 1.1 mi
Grades K-6 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 83% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 1,876 | 2,438 | 50% |
| Lot Size | 3,202 | 4,432.5 | 50% |
| Price | $695.0K | $759.5K | 17% |
| Price per sq ft | $370 | $398 | 33% |
| Built year | 1946 | 1925 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 154 | 185 | 50% |
Jan 13, 2026
$695,000
Initial Listing
Oct 6, 2014
$330,000
Public Record