521 15th Street, Sacramento, CA 95814, Sacramento, 95814 - 5 bed, 5 bath
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521 15th Street
Sacramento, CA 95814
ACTIVE
CONDITION: FAIR
5Beds
5Baths
1,100Sq Ft
3,202Lot Size
Property Price
LIST PRICE$929,000
SUMMARY
Analysis of 521 15th Street, Sacramento, CA 95814 is currently available with a list price of $929,000. 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
While the 1885 Victorian structure is historically preserved and features a clear pest report, the interior photos reveal kitchens and systems that are significantly dated (likely 20-30+ years old). The presence of older appliances, basic cabinetry, and wall-mounted heating units indicates the property is functional but requires aesthetic and system updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Urban Location
Situated in the premier Mansion Flats neighborhood, the property is blocks from the State Capitol, Golden 1 Center, and major revitalization projects like The Railyards, ensuring high tenant demand and long-term appreciation.
- Historic Character & Condition
This 1885 Victorian features stunning 12-foot ceilings and restored architectural details, uniquely complemented by a clear Section 1 pest report, which is exceptionally rare for a 140-year-old structure.
- Flexible Investment Strategy
The fourplex configuration with an upcoming vacancy provides a perfect 'house hacking' opportunity for an owner-occupant to enjoy downtown living while utilizing three rental streams to offset the mortgage.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1100, 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.
- Compact Living Dimensions
With a total of 1,100 square feet distributed across four units and five bedrooms, the individual living spaces are significantly undersized, which may limit the tenant pool to those prioritizing location over interior space.
- Vintage Infrastructure Risks
Despite the clear pest report, a building of this age typically involves higher maintenance costs and potential challenges with aging plumbing, electrical, and structural systems compared to modern multi-family assets.
About 521 15th Street
This stunning, historically preserved Victorian fourplex in Sacramento's premier Mansion Flats neighborhood combines timeless 19th-century elegance with exceptional investment flexibility. Featuring dramatic 10 to 12-foot ceilings, intricately restored architectural details, and unique split-flat layouts, these easy-to-rent units amplify natural light and attract steady tenant interest. Positioned in a highly walkable urban core, the property sits blocks from the Capitol, DOCO and the Golden 1 Center, and is perfectly poised to benefit from nearby major urban revitalization projects like The Railyards development and the new soccer stadium. The immediate neighborhood includes historic architecture in a mature tree canopy with vibrant local coffee houses, live music venues and acclaimed fine and casual dining spots. Current rents on these spacious units provide upside potential for immediate value-add income growth as the area continues to thrive. Plus, this 140 year old building comes with a clear section 1 pest report...A true unicorn.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1885
- Lot Size
- 3,202 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 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 • 0.2 mi
0/10
William Land Elementary School
Grades K-6 • 1.3 mi
6/10
Theodore Judah Elementary School
Grades K-6 • 1.9 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.6 |
| Baths | 5.0 | 3.6 |
| Square foot | 1,100 | 1,911.465 |
| Lot Size | 3,202 | 6,677.419 |
| Price | $929.0K | $673.8K |
| Price per sq ft | $845 | $336 |
| Built year | 1885 | 1956 |
| HOA | $0 | $304 |
| Days on market | 29 | 55 |
Pricing History
Listed for Sale
Aug 11, 2026
$929,000
Initial Listing
Sold
Jan 13, 1999
$122,000
Public Record