640 37th Street, Sacramento, CA 95816, Sacramento, 95816 - 2 bed, 2 bath
ACTIVE$795,000
640 37th Street, Sacramento, CA 95816
2Beds
2Baths
1,600Sqft
5,227Lot
Year Built
1942
Close
-
List price
$795K
Original List price
-
Price/Sqft
$497
HOA
$0
Days on market
-
Sold On
-
MLS number
225062835
Home ConditionPoor
Features
Deck
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $795.0K(44th), sqft - 1600(50th), beds - 2(22th), baths - 2(44th).
Charming East Sacramento Duplex - Prime Location! Exceptional investment opportunity in the heart of East Sacramento! This well-maintained duplex features two spacious 1-bedroom, 1-bathroom units - each with a private entrance, backyard access, and garage. The upstairs unit also enjoys a private balcony. Additional highlights include: Beautiful hardwood floors throughout Long-term tenants in place Just blocks from McKinley Park, Mercy General Hospital, top-rated restaurants, and shopping Don't miss this rare chance to own a classic duplex in one of Sacramento's most desirable neighborhoods.
Nearby schools
7/10
Theodore Judah Elementary School
Public,•K-6•0.3mi
7/10
Sutter Middle School
Public,•7-8•0.4mi
2/10
Hiram W. Johnson High School
Public,•9-12•2.9mi
Price History
Date
Event
Price
05/17/25
Price Change
$795,000
09/11/24
Sold
$699,000
09/30/08
Sold
$496,000
08/20/04
Sold
$525,000
Condition Rating
Poor
Built in 1942, the property features significantly outdated kitchens and bathrooms, likely last renovated 30-50+ years ago. The kitchens have older white cabinets with blue tiled countertops and linoleum/vinyl flooring, while bathrooms display dated pink/peach and other colored tiles with older fixtures. While hardwood floors in other areas are well-maintained, the critical wet areas require substantial renovation and rehabilitation to meet current quality standards and buyer expectations, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Prime Location: Situated in the highly desirable East Sacramento neighborhood, just blocks from McKinley Park, Mercy General Hospital, top-rated restaurants, and shopping, offering excellent walkability and convenience.
Investment Opportunity: An exceptional residential income property (duplex) with two separate 1-bedroom, 1-bathroom units, providing immediate rental income with long-term tenants already in place.
Individual Unit Amenities: Each unit boasts a private entrance, backyard access, and a dedicated garage, with the upstairs unit also featuring a private balcony, enhancing tenant appeal and privacy.
Classic Charm & Condition: The property is described as a 'charming' and 'well-maintained' classic duplex, featuring beautiful hardwood floors throughout, suggesting good upkeep for its age.
Strong Local Schools (Elementary/Middle): Proximity to highly-rated Theodore Judah Elementary (Rating 7) and Sutter Middle School (Rating 7) within walking distance is a significant draw for families.
Cons
Age of Property: Built in 1942, the property's age may imply potential for outdated systems (plumbing, electrical, HVAC) or require more frequent maintenance and updates compared to newer constructions.
Low-Rated High School: The assigned high school, Hiram W. Johnson High School, has a low rating of 2, which could be a deterrent for families with school-aged children and potentially impact long-term appreciation.
Limited Unit Configuration: Both units are 1-bedroom, 1-bathroom, which may limit the potential tenant pool or future resale value compared to duplexes offering larger unit configurations.