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2823 U Street, Sacramento, CA 95817

Sacramento
Local realty services provided by:CENTURY 21 Sierra Properties
2823 U Street,Sacramento, CA 95817
$1,495,000
  • - Beds
  • - Baths
  • 7,830 sq. ft.
  • Multi-family
  • Pending
Listed by: david deloney
Office: marcus & millichap real estate
MLS#:226072899
Source:MFMLS

Price summary

  • Price:$1,495,000
  • Price per sq. ft.:$190.93

About this home

2823 U Street, a well-located 10-unit apartment community in one of Sacramento's most desirable urban neighborhoods. Situated just blocks from the vibrant Midtown corridor and in close proximity to East Sacramento, the property benefits from strong tenant demand driven by its walkability, access to major employment centers, and proximity to Sacramento's best dining, retail, and entertainment amenities. The property offers a compelling value-add opportunity through continued unit renovations and rent growth. Current operations indicate meaningful upside as units are modernized and rents are aligned with surrounding market-rate properties. The underwriting projects a significant increase in net operating income through a combination of rental upside, utility reimbursements, and operational efficiencies, creating a clear path to enhanced cash flow and long-term appreciation.

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Home facts

  • Year built:1962
  • Listing ID #:226072899
  • Added:101 day(s) ago
  • Updated:September 18, 2026 at 07:52 AM

Rooms and interior

  • Flooring:Vinyl
  • Living area:7,830 sq. ft.

Heating and cooling

  • Cooling:Wall Unit(s)
  • Heating:Wall Furnace

Structure and exterior

  • Year built:1962
  • Building area:7,830 sq. ft.
  • Lot area:0.15 Acres
  • Lot Features:Landscape Back, Landscape Front
  • Construction Materials:Stucco
  • Foundation Description:Raised Foundation
  • Levels:2 Story

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,495,000
  • Price per sq. ft.:$190.93
MLS LogoMetroList MLS 2026. This information is being provided by MetroList MLS. All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data Updated: September 18, 2026. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Any offer of compensation is made only to Participants of MLS where the subject listing is filed and in accordance with such MLS's regulations or rules. MFMLS Member Broker: Jesse Gibbs

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