1123 D Street

Sacramento, CA 95814

Rare Historic Gem in the Heart of Downtown Sacramento - 1860 built Former Schoolhouse Ready for Reimagined Living. Step into a piece of Sacramento's storied past with this exceptional 1860-built former schoolhouse, nestled in the vibrant core of Downtown Sacramento. Offering timeless historical charm with its original character: high ceilings, classic architectural details, and the enduring appeal of mid-19th-century craftsmanship. Featuring three stories and more than 4,600 square feet of interior space on a huge 0.3 acre lot (one of the largest in the area). This large lot provides rare outdoor potential, breathing room amid urban density, and significant development upside. Zoned as flexible C-2 (general commercial), this property is versatile for today's buyers. Envision transforming it into a stunning single-family residence (SFR) with a spacious downstairs accessory dwelling unit (ADU) for multigenerational living, rental income, or guest quarters. Alternatively, capitalize on the three distinct floors and separate entrances to create a tri-plex, ideal for income generation, short-term rentals, or a live/work setup in one of Sacramento's most walkable, amenity-rich neighborhoods. The generously sized lot also presents strong potential for a lot split ,opening doors to further development opportunities: mixed-use projects, additional unit(s) (subject to city approval). Whether you're an investor seeking strong rental potential and development upside, a developer looking for a mixed-use project, or a visionary homeowner wanting a one-of-a-kind downtown residence with history and flexibility, this rare opportunity won't last!

Listing courtesy of Florence Real Estate



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Last checked 2026-02-28 02:00 PM PST