1515 22nd St - Apartments FOR SALE


Sacramento, CA 95816- Midtown Sacramento
$1,095,000 USD
916-224-9808
1515 22nd St, Sacramento, CA for Sale
$1,095,000 USD
Apartments - FOR SALE
1/8
null | 4.96% Cap Rate

1515 22nd St
Sacramento, CA 95816
Midtown Sacramento


HIGHLIGHTS

  • Prime Midtown Location
  • Generating $6,490/month
  • New roof balcony and gutters
  • Modern upgrades
  • In-unit washer/dryer
  • Split systems

OVERVIEW

Located at 1515 22nd Street, Sacramento, CA, this fourplex is a prime investment opportunity in the heart of Midtown Sacramento. Built in 1912, the property features four 1-bedroom/1-bath units and is currently generating a monthly income of $6,490. The building showcases historic charm with its columned entryway, classic architectural detailing, and wood siding construction. It also benefits from recent upgrades including a new roof, balcony, and gutters—replaced just one year ago. Interiors have been thoughtfully updated with modern kitchens that include white cabinets, quartz countertops, recessed lighting, and stainless-steel appliances. The open living areas feature durable laminate or hardwood flooring, large windows that provide abundant natural light, and ceiling fans to enhance comfort and airflow. Wall A/C units are installed in units 1, 2, and 3, while unit 4 is equipped with a mini split system for efficient heating and cooling. Bathrooms offer walk-in showers with floor-to-ceiling marble-look tile, glass enclosures, matte black rain shower heads, floating vanities with quartz countertops, vessel sinks, modern light fixtures, and updated flooring. Each unit includes an in-unit washer and dryer, ceiling fans in bedrooms, and access to private decks or patios. Additional perks include a basement for storage, providing tenants or owners with extra convenience. The property is located near Sutter Medical Center, Fremont Park, and the SAFE Credit Union Convention Center, with close proximity to the California State Capitol and Golden 1 Center. A wide range of coffee shops, restaurants, dining, and entertainment options are all within walking distance, making this a desirable location for renters and a strong addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$342 USD /SF

# OF UNITS

4

PRICE/UNIT

$273,750

CAP RATE

4.96%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-3A-SPD

APN/PARCEL ID

007-0254-001

ASK ABOUT THIS PROPERTY

Aaron FrederickColliersMore Info
916-224-9808

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Aaron FrederickColliersMore Info
916-224-9808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.