1823 P St

Situated in the heart of Sacramento's premier Midtown neighborhood, 1823 P Street benefits from one of the region's most desirable and supply-constrained rental markets. Surrounded by tree-lined streets, historic architecture, and a vibrant mix of restaurants, cafés, breweries, boutique retail, and entertainment, the property offers residents an exceptional walkable lifestyle just minutes from the State Capitol, UC Davis Health, Sutter Medical Center, Kaiser Permanente, and Downtown Sacramento's largest employment centers. From an investment perspective, Midtown continues to distinguish itself through strong barriers to entry and limited opportunities for new multifamily development. With a relatively low construction pipeline and few new apartment deliveries expected in the coming years, existing assets are well positioned to benefit from sustained tenant demand, stable occupancy, and future rent growth. Combined with Sacramento's expanding employment base and the growing affordability gap between renting and homeownership, these market fundamentals reinforce Midtown's position as one of Northern California's most resilient and sought-after multifamily investment locations.ALIVE Commercial Real Estate is pleased to present 1823 P Street, an extensively renovated, five-unit multifamily asset located in the heart of Sacramento's highly sought-after Midtown neighborhood. Rebuilt nearly to the studs, the property has undergone a comprehensive renovation, including new electrical and plumbing systems, a new roof, dual-pane windows, new wood siding, reinforced foundation, in-unit washers and dryers, modern interiors, and new appliances. The result is a turnkey investment that delivers the benefits of new construction while preserving the timeless charm and architectural character that make Midtown so desirable. The thoughtfully renovated units feature spacious layouts, abundant natural light, and select residences offer soaring ceilings and oversized windows that enhance the living experience. Residents also enjoy the convenience of in-unit laundry, contemporary finishes, and a walkable urban lifestyle in one of Sacramento's most vibrant neighborhoods. Ideally situated within walking distance of Midtown's renowned restaurants, cafés, breweries, entertainment venues, medical centers, The Ice Blocks, and countless neighborhood amenities, 1823 P Street offers tenants an exceptional live-work-play environment that continues to drive strong rental demand. For investors, the property presents a rare opportunity to acquire a truly turnkey asset with virtually no deferred maintenance or near-term capital expenditure requirements. Backed by Sacramento's strong employment base, limited multifamily supply, and the growing affordability gap between renting and homeownership, 1823 P Street is well-positioned to provide stable cash flow and long-term appreciation in one of Northern California's most resilient rental markets.