8 bedroom house for sale

Overview

Prime Multi-Family Investment Opportunity in the Heart of Midtown Sacramento. Welcome to a unique investment opportunity at this 5-unit multi-family property, located in the vibrant and highly sought-after Midtown Sacramento. This property, with only two previous owners, is truly one-of-a-kind due to its prime location and exceptional amenities. Spread across a magical 0.44-acre lot, properties of this size are a rare find in Midtown. The property features R-3 (Residential) zoning and encompasses 19, 200 sq ft (0.4408 acres). It includes five dwellings and two garage buildings, with a total listed space of 4885 sq ft, though this may be understated. With no historical restrictions, you have the freedom to develop, construct, or remodel as you see fit. There are multiple development and investment options to consider. The City supports splitting the property into three separate parcels, each meeting the minimum zoning requirements of 160' x 40'. Single-family homes with 1200 sq ft ADUs are approved on each parcel. Alternatively, you can utilize the R-3 zoning and lot size to develop up to 16 units, with the city supporting a mix of apartments, condos, single-family residences, or multi-units.