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$1,610,000
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Property Description
Excellent opportunity for an owner/user to acquire four units and leave one for themselves to occupy. The building is currently generating $10,655 a month in gross income. It is very rare to acquire two newly constructed townhomes and a remodeled duplex in a thriving location of Midtown Sacramento. The back building was built in 2022 and has (2) two bedroom/1.5 bathroom 1050 Square foot townhouse style units that is attached to a 3 car garage. Freestanding units like these sell for $850,000 each within the area. The Front building is a remodeled duplex. Both top and bottom units are 3bedroom/1bathroom 1,240 Square foot units that have been completely remodeled with laundry included. Largest fourplex available and currently a 6% cap rate on actuals.
Full Property Details
Full Property Details for 1508 E St
General
- Sold For: $1,610,000
- Status: Closed
- Type: Multi-Family
- Source: METROLIST_Cali
- MLS ID: 224092975
- Added to Site: 536 day(s) ago
Interior
- Flooring: Varies by Unit
Rooms
Other Rooms
- Laundry: Washer/Dryer Owned, In Each Unit, Varies by Unit, Laundry Closet
Parking
- Garage Spaces: 3
- Total Spaces: 4
- Parking: Garage, Other
Location
- Area: 10814
- County: Sacramento
- Cross Streets: 15th Street
- Driving Directions: 15th Street & E Street in Sacramento
School Information
- School District: Sacramento
- Elem School District: Sacramento Unified
- Midd School District: Sacramento Unified
- High School District: Sacramento Unified
Heating & Cooling
- Cooling Type: Central
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Meter on Site
- Utility Description: Natural Gas Connected, Electric
Structural Information
- Architectural Style: Other
- Construction: Redwood Siding, Stucco
- Foundation: Concrete, Other
- Stories/Levels: 2
- Square Feet: 4,580
- Sq. Ft. Source: Not Verified
- Year Built: 1890
Unit Information
Unit 1
- Bedrooms: 3
Unit 2
- Bedrooms: 3
Unit 3
- Bedrooms: 2
Unit 4
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,534
- Irrigation System: Other
- Zoning: R-3A-SPD
- Lot Description: Other
Disclosures and Reports
- Special Conditions: None
- APN: 002-0132-005
Listed by Collier's International CA, Inc.
Sold by JTN Real Estate Inc.
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Schools
Schools serving 1508 E St
School District:Sacramento City Unified School District
| Name | Grades | Distance |
|---|---|---|
Washington Elementary 520 18th St., Sacramento, CA 95814 | K-6 | 0.2 mi |
Miwok Middle 3150 I Street, Sacramento, CA 95816 | 7-8 | 1.3 mi |
C. K. Mcclatchy High School 3066 Freeport Boulevard, Sacramento, CA 95818 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1508 E St
Date
Details
Price
Change
Source
5/22/2025
Sold
$1,610,000
-2.42%
MLS
3/07/2025
Price Reduced
$1,650,000
-2.65%
MLS
10/17/2024
Price Reduced
$1,695,000
-3.09%
MLS
8/21/2024
Listed
$1,749,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1508 E Street, Sacramento, CA 95814 (MLS# 224092975) is a Multi-Family property that was sold at $1,610,000 on May 22, 2025. Want to learn more about 1508 E Street? Do you have questions about finding other Multi-Family real estate for sale in Sacramento Downtown? You can browse all Sacramento Downtown real estate or contact a Coldwell Banker agent to request more information.

