2409 I St Immeuble residentiel 3 lots 1 119 378 € (373 126 €/Lot) Sacramento, CA 95816

2409 I Street presents the opportunity to acquire a fully renovated, three-unit multifamily property located in Sacramento’s highly sought-after Midtown neighborhood. Originally constructed in 1890, the three-story asset underwent a comprehensive renovation in 2018 and 2022 that preserved its historic character while modernizing the property’s major building systems and interior finishes. The renovation included a new roof, HVAC systems, plumbing, electrical, rebuilt interior staircase, new exterior staircase, and complete updates to each residence, resulting in a turnkey investment with limited near-term capital requirements.
The complex consists of three spacious one-bedroom, one-bathroom apartments featuring efficient floor plans, abundant natural light, hardwood flooring throughout the living areas, tiled bathroom floors and showers, modern cabinetry and countertops, stainless steel appliances, recessed LED lighting, central heating and air conditioning, and in-unit stackable washer and dryers. These improvements position the property to compete effectively within one of Sacramento’s strongest urban rental markets while offering residents the modern amenities expected in Class A renovations.
Located in the heart of Midtown, the property benefits from exceptional walkability and immediate access to Sacramento’s premier dining, retail, entertainment, and cultural amenities. Residents are within walking distance of Sutter’s Fort State Historic Park, McKinley Park and Rose Garden, neighborhood restaurants, coffee shops, and local retail, while also enjoying convenient access to Downtown Commons (DOCO), Golden 1 Center, the California State Capitol, and the region’s primary employment centers.
The property’s location provides excellent connectivity to the Sacramento Central Business District, home to the highest concentration of employment in the metropolitan area, including government, healthcare, legal, and professional services. Immediate access to Interstate 80, Highway 50, J Street, and 16th Street further enhances commuter accessibility throughout the Sacramento region.
2409 I Street represents an opportunity to acquire a stabilized, boutique multifamily asset with significant recent capital improvements in one of Northern California’s most desirable infill neighborhoods. The combination of historic architecture, modernized building systems, strong rental fundamentals, and an irreplaceable Midtown location offers investors a durable, low-maintenance asset positioned for long-term income stability and continued appreciation.