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$1,895,000

  • For Sale
  • Active
  • Multi-Family
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We are pleased to present the opportunity to purchase 601-605 15th Street. This recently renovated two-story, 6,512 SF, mixed-use building is being offered for $1,895,000, reflective of a 7.8% capitalization rate based on a blended actual and proforma Net Operating Income of $147,635.61 creating a perfect opportunity for a restauranteur looking to make their first move into building ownership or an investor focused on mixed-use value-add investments. The approx. 3,764 SF ground floor restaurant space offers any potential users all the benefits of a well thought out second-generation spaces with kitchen complete with hood, sinks, floor drains and full bar buildout allowing flexible use as one contiguous space or leveraging the multiple street entrances and four separate restrooms for two distinct and separate concepts. Remodeled in 2020, the fully occupied four residential units offer tenants tasteful and timeless upgrades including LVP flooring, modern countertops, new dishwashers, cooktop and side-by-side refrigerators, washer/dryer hookups and modern frameless glass shower enclosures. Combined with the roughly 313 SF patio to make an inviting home for anyone looking for the Downtown/Midtown experience. Seller financing available.

Full Property Details for 601 15th St

General

  • Price: $1,895,000
  • Status: Active
  • Type: Multi-Family
  • Source: METROLIST_Cali
  • MLS ID: 225142602
  • Updated: 11/12/2025
  • Added to Site: 71 day(s) ago

Rental Information

  • Lease/Rent Term: Less Than 12 Months

Interior

  • Appliances: Built-In Electric Oven, Gas Cook Top, Built-In Refrigerator, Dishwasher
  • Flooring: Tile, Vinyl, Wood

Rooms

Other Rooms

  • Laundry: Washer/Dryer Leased, Varies by Unit, Washer/Dryer Hookups

Parking

  • Total Spaces: 5
  • Parking: Street, Uncovered

Location

  • Area: 10814
  • County: Sacramento
  • Cross Streets: F Street
  • Driving Directions: On the corner of F and 15th Street in the Alkali Flat neighborhood that borders Midtown and Downtown 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: Ceiling Fan(s), Separate
  • Heating Type: Separate

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: City

Structural Information

  • Architectural Style: Two Story Mid-Century
  • Construction Status: Updated/Remodeled
  • Construction: Brick, Concrete, Masonry
  • Foundation: Concrete
  • Roof: Flat
  • Stories/Levels: 2
  • Sq. Ft. Source: Assessor Agent-Fill
  • Year Built: 1920

Unit Information

Unit 1

  • Bedrooms: 1

Unit 2

  • Bedrooms: 1

Unit 3

  • Bedrooms: 1

Unit 4

  • Bedrooms: 2

Lot Features

  • Property View: Downtown
  • Lot Size (Acres): 0.14
  • Lot Size (Sq. Ft.): 6,098
  • Irrigation System: Public District
  • Zoning: C2
  • Lot Description: Corner, Sidewalk

Disclosures and Reports

  • Special Conditions: None
  • APN: 002-0171-002

Listed by Ken Turton, Broker

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Listing agent

— 601 15th St —

  • Ken Turton, Broker

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 601 15th St

School District:Sacramento City Unified School District
NameGradesDistance
Washington Elementary
520 18th St., Sacramento, CA 95814
K-60.2 mi
Miwok Middle
3150 I Street, Sacramento, CA 95816
7-81.3 mi
C. K. Mcclatchy High School
3066 Freeport Boulevard, Sacramento, CA 95818
9-122.4 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 601 15th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/10/2025
Listed
$1,895,000
54.69%
MLS
6/24/2019
Sold
$1,225,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 601 15th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$33,477
41%
$1,339,712
2%
2024
$23,681
4%
$1,313,444
2%
2023
$22,861
-1%
$1,287,691
2%
2022
$23,055
33%
$1,262,443
2%
2021
$17,298
-5%
$1,237,690
1%
2020
$18,119
188%
$1,225,000
167%
2019
$6,286
4%
$458,081
3%
2018
$6,064
—
$444,764
16%
2017
$6,062
-6%
$381,853
-12%
2016
$6,443
1%
$434,866
1%
2015
$6,373
4%
$429,244
3%
2014
$6,122
2%
$416,522
16%
2013
$6,018
—
$359,890
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Ken Turton, Broker

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601 15th Street, Sacramento, CA 95814 (MLS# 225142602) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 601 15th Street is currently listed for $1,895,000 and was received on November 10, 2025. Want to learn more about 601 15th Street? Do you have questions about finding other Multi-Family real estate for sale in Sacramento? You can browse all Sacramento real estate or contact a Coldwell Banker agent to request more information.

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