Rare 11-unit rental property on a large lot in a convenient Salinas location. 1200 W Market Street offers a strong income-producing opportunity with a fantastic rent roll, steady renter pool, and close proximity to shopping, employment centers, dining, services, and commuter routes. The spacious lot provides ample storage, generous outdoor space, and flexibility for future value-add opportunities. With room for possible expansion and an ideal layout to explore additional development, this property presents meaningful upside potential for investors seeking both current income and long-term growth. A well-positioned multifamily asset in one of Salinas most accessible areas, offering scale, location, and future possibilities. Buyer to verify development potential, unit count, rents, zoning, and all property details.
For sale
Price cut: $95K (8/24)
$1,900,000
1200 W Market Cir, Salinas, CA 93901
3beds
3baths
5,853sqft
Five Or More Units, Residential Income
Built in 1914
-- sqft lot
$1,843,500 Zestimate®
$325/sqft
$-- HOA
What's special
- 141 days
- 497
- 12
Zillow last checked:
Listing updated:
Listed by:
The C Group 70010221 831-601-8936,
Real Brokerage Technologies 619-663-8680,
Kyle Murphy 02234798 860-729-2196
Source: MLSListings Inc,MLS#: ML82046180
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Electric, Other, Wall Furnace
Cooling
- None
Features
- Doors: Other
Interior area
- Total structure area: 5,853
- Total interior livable area: 5,853 sqft
Property
Parking
- Total spaces: 20
- Parking features: Common, Detached, Off Street
- Garage spaces: 4
- Has carport: Yes
Accessibility
- Accessibility features: Other
Lot
- Size: 1.07 Acres
Details
- Parcel number: 207011020000
- Zoning: HDR 8
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Year built: 1914
Utilities & green energy
- Gas: IndividualGasMeters
- Water: Well
Community & HOA
Location
- Region: Salinas
Financial & listing details
- Price per square foot: $325/sqft
- Date on market: 5/7/2026
- Listing agreement: ExclusiveRightToSell
- Inclusions: Other
- Lease term: Month To Month
Estimated market value
$1,843,500
$1.75M - $1.94M
$3,853/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/24/2026 | Price change | $1,900,000-4.8%$325/sqft |
Source: | ||
| 6/3/2026 | Price change | $1,995,000-13.3%$341/sqft |
Source: | ||
| 5/9/2026 | Listed for sale | $2,300,000+28.5%$393/sqft |
Source: | ||
| 4/23/2021 | Sold | $1,790,000+59.1%$306/sqft |
Source: | ||
| 7/13/2018 | Sold | $1,125,000+13.1%$192/sqft |
Source: Agent Provided Report a problem | ||
| 6/25/2014 | Listing removed | $995,000$170/sqft |
Source: NO COMPANY PROVIDED Report a problem | ||
| 5/11/2014 | Price change | $995,000+1%$170/sqft |
Source: NO COMPANY PROVIDED Report a problem | ||
| 3/10/2014 | Listed for sale | $985,000$168/sqft |
Source: Monterey Peninsula Properties Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 93901
Nearby schools
Schools provided by the listing agent
- District: SalinasCityElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





