521 15th Street, Sacramento, CA 95814, Sacramento, 95814 - 5 bed, 5 bath
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Sacramento, CA 95814
This Iconic Victorian Fourplex is a High-Potential Investment Opportunity, listed at $929,000—positioned well below the $1,147,246 Fair Market Value by 19%. This valuation gap offers $218,246 in Instant Equity. Maintaining a Well-Maintained Condition Rating, the 1885 structure features 12-foot coved ceilings, remodeled bathrooms, and private decks and patios. Located in Mansion Flats near Sutter Middle School, this turn-key asset combines historic charm with modern in-unit laundry. It is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 521 15th Street Subject | $929,000* List Price | 5 | 5 | 3,200 | $312 | - |
A 425 14th Street Active | $875,000 List Price | 5 | 4 | 2,422 | $361 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1885 Victorian fourplex is well-maintained and move-in ready. While the kitchens feature older white appliances and cabinetry consistent with a 10-15 year old renovation, the bathrooms have been updated with period-appropriate fixtures. The property retains significant historic character with original wood floors and coved ceilings, and the finished attic space and interior laundry in each unit indicate functional, modern utility within a historic shell.
This iconic 1885 Victorian features preserved 10-12 foot coved ceilings and original wood floors, offering a unique aesthetic that commands premium interest in the historic Mansion Flats neighborhood.
The property combines historic charm with modern necessity, featuring beautifully remodeled bathrooms and highly desirable in-unit laundry for every tenant, which supports higher rental yields.
As a well-maintained fourplex with existing 'great tenants' and a bonus built-out attic space, this property offers immediate cash flow and functional floor plans that maximize the 3,200 square foot interior.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3200, other record living area = 4744. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1885, the property may require specialized and potentially costly ongoing maintenance or upgrades to aging systems common in 140-year-old structures.
With a lot size nearly identical to the building's square footage, there is minimal outdoor common space or private yard area, which may limit appeal for tenants with pets or those seeking outdoor leisure.
Iconic Victorian fourplex in the historic and desirable Mansion flats neighborhood of Downtown Sacramento. Split flat units have wood floors and are comfortable with functional floor plans and good storage. Downstairs has 10 foot coved ceilings while the upstairs has original 12 foot ceilings. Bathrooms are beautifully remodeled (some with clawfoot tubs) and each unit includes laundry. Large unit has interior staircase to bonus space in built out attic. Well maintained with great tenants.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 1.3 mi
Grades K-6 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.5 | 50% |
| Baths | 5.0 | 4.5 | 50% |
| Square foot | 3,200 | 2,690 | 50% |
| Lot Size | 3,202 | 3,125.5 | 50% |
| Price | $929.0K | $832.0K | 50% |
| Price per sq ft | $290 | $314 | 50% |
| Built year | 1885 | 1883 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 215 | 50% |
Apr 24, 2026
$929,000
Initial Listing
Jan 13, 1999
$122,000
Public Record