
Sacramento, CA 95811
This historic Midtown Craftsman is a Strong Value Opportunity, listed at $1,680,000—positioned well below the $1,696,473 Fair Market Value by 0.97%. With $16,473 in Instant Equity, this Residential Income asset offers stabilized annual revenue of $120,000. Featuring a 2022 50-year roof and Condition Rating 3, the property balances historic charm with modern systems. The versatile lower-level flex space and off-street garage parking provide significant utility. This is an ideal acquisition for Buy-and-Hold Investors or House-Hackers seeking a high-performing, landmark property in Sacramento.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 815 17th Street Subject | $1,680,000* List Price | 6 | 4 | 4,630 | $366 | - |
A 2018 G Street Active | $1,295,000 List Price | 4 | 4 | 3,456 | $375 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1900 build date, the property is well-maintained and move-in ready. Recent significant investments include a new 50-year roof (2022), plumbing repairs, and exterior improvements. The interior showcases pristine historic woodwork and hardwood floors, indicating a high level of preservation and functional systems suitable for stabilized rental income.
The property generates approximately $120,000 in stabilized annual rental income plus additional garage revenue, offering an attractive and reliable cash flow for investors.
Situated in the heart of Sacramento near the State Capitol and Golden 1 Center, the high walkability and proximity to major employers ensure consistently low vacancy rates.
This 1900 Craftsman retains irreplaceable period details while benefiting from significant recent capital improvements, including a 50-year roof installed in 2022.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
The lower-level living area is not represented as a legal rental unit, which limits its use to personal owner-flex space rather than direct additional rental income.
As a structure built in 1900, the property may require specialized ongoing maintenance and carries the inherent risks associated with century-old plumbing and electrical systems.
Historic Midtown Craftsman Fourplex + Flex Space Stabilized Income Approaching $120,000 Annually... Rarely does a property come to market that so perfectly blends historic character, investment performance, and owner-user flexibility. Located in the heart of Midtown Sacramento, 815 17th Street is a landmark Craftsman fourplex offering approximately $120,000 in stabilized annual rental income, additional garage income, and a versatile lower-level flex space. Originally built in 1900, this architectural gem showcases many of the irreplaceable details that have made Midtown one of Sacramento's most desirable neighborhoods, including coffered ceilings, original built-ins, Murphy beds, pocket doors, picture rails, wainscoting, hardwood floors, and remarkable period craftsmanship throughout. The property consists of four income-producing residential units with tenants paying gas and electric, helping create a favorable operating expense profile. Two garages provide additional income and highly desirable off-street parking in a neighborhood where parking is always at a premium. A substantial lower-level flex space includes a kitchen, bathroom, bedroom area, and living area. While not represented as a legal rental unit, it offers exceptional flexibility for owner use, guests, a home office, creative studio, fitness area, storage, or other personal uses. Recent ownership has invested significantly in the property, including exterior improvements, plumbing repairs, siding repairs, gutter work, and the installation of a 50-year roof in 2022, helping reduce deferred maintenance concerns for future ownership. Located just blocks from the State Capitol, Sutter Medical Center, Golden 1 Center, the R Street Corridor, restaurants, coffee shops, parks, nightlife, and Midtown's vibrant arts scene, this property offers an unmatched combination of location, character, flexibility, and income potential. Whether you're an investor seeking stable cash flow, a house-hacker looking to offset ownership costs, or a buyer searching for a truly special historic property, 815 17th Street represents a rare opportunity to own a piece of Sacramento history in one of the city's most desirable neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 4,630 | - |
| Lot Size | 3,485 | - |
| Price | $1.68M | $694.2K |
| Price per sq ft | $363 | $325 |
| Built year | 1900 | 0 |
| HOA | $0 | $0 |
| Days on market | 41 | 69 |
Jun 11, 2026
$1,680,000
Initial Listing
Sep 27, 2022
$1,425,000
Public Record
Oct 26, 2007
$600,000
Public Record