2814 37th Street, Sacramento, CA 95817, Sacramento, 95817 - 7 bed, 3 bath
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Sacramento, CA 95817
Analysis of 2814 37th Street, Sacramento, CA 95817 is currently available with a list price of $750,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Sacramento Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1948, this triplex presents a split condition. While one unit has been recently renovated with modern shaker cabinets and granite countertops, the other units appear dated with significant wear, older tile counters, and aging cabinetry. The reliance on wall heaters and window AC units indicates older mechanical systems that haven't been fully modernized across the entire property.
With two units already occupied and a third recently updated and vacant, the property offers immediate rental income and the flexibility for owner-occupancy or full leasing from day one.
Situated near Sacramento City College, Land Park, and the Franklin Boulevard corridor with easy highway access, the location is highly attractive to tenants, ensuring consistent long-term demand.
The recent updates to the vacant unit eliminate the need for immediate renovation costs, providing a partially stabilized asset that is move-in ready for a new tenant or owner.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1000, other record living area = 1998. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 5.
The configuration of 7 bedrooms and 3 bathrooms within only 1,000 square feet suggests extremely compact living quarters, which may limit the property's appeal to certain tenant demographics.
The property is zoned for schools with lower ratings, specifically a 2/10 for the local high school, which could impact long-term appreciation and appeal to family-oriented occupants.
2814 37th Ave presents a rare three-unit offering in Sacramento's Parkway neighborhood, structured to perform for a range of buyer strategies. Two of the three units are currently occupied, generating immediate rental income from close of escrow. The third unit has been recently updated and is move-in ready, offering genuine flexibility: lease it for additional income, or occupy it while the remaining units offset the mortgage. This is a property built on optionality rather than assumption. For the investor, it offers a partially stabilized asset with no lease-up delay and no deferred renovation costs on the vacant unit. For the owner-occupant, it offers a path to homeownership with built-in income support from day one. Both approaches are viable without compromise to the other. The location supports either strategy well. The property sits minutes from the Franklin Boulevard corridor, with easy access to Land Park, the Sacramento Zoo, Sacramento City College, and Highway 99 positioning it favorably for long-term tenant demand as well as owner convenience. With two units already producing income and a third ready for immediate use, 2814 37th Ave offers a rare combination of stability and flexibility in a single asset. It is well suited for buyers evaluating this property either as an income-generating investment or as a primary residence with supplemental rental income.
No exterior & parking available.
Grades K-6 • 1.3 mi
Grades 7-8 • 1.6 mi
Grades 7-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,000 | - |
| Lot Size | 6,098 | - |
| Price | $750.0K | $694.2K |
| Price per sq ft | $750 | $325 |
| Built year | 1948 | 0 |
| HOA | $0 | $0 |
| Days on market | 7 | 69 |
Jul 15, 2026
$750,000
Initial Listing
Aug 21, 2009
$72,000
Public Record
Oct 18, 2005
$468,000
Public Record
Nov 12, 2003
$345,500
Public Record
Dec 11, 2001
$70,000
Public Record