2823 U Street, Sacramento, CA 95817
- $1,495,000
- 7,830
- SqFt
- List Price
- $1,495,000
- MLS#
- 226072899
- Status
- PENDING
- Living Sq. Ft
- 7,830
- Square Footage
- 7830
- Type
- Single Family Residential
- Zip
- 95817
- City
- Sacramento
Property Description
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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Additional Information
- Land Area (Acres)
- 0.15
- Year Built
- 1962
- Subtype
- 5 or More Units
- Subtype Description
- Apartments
- Construction
- Stucco
- Foundation
- Raised
- Stories
- 2
- Garage
- Covered
- Floor Coverings
- Vinyl
- Laundry Description
- Other
- Cooling
- Wall Unit(s)
- Heat
- Wall Furnace
- Water
- Public
- Utilities
- City
- Sewer
- Public Sewer
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Listing courtesy of Marcus & Millichap Real Estate.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .