815 17th Street, Sacramento, CA 95811

Property Description

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.