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For sale
  • Price cut: $305K (6/3)
    $1,995,000

    1200 W Market Cir, Salinas, CA 93901

    3beds
    3baths
    5,853sqft
    : 
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    Five Or More Units, Residential Income
    Built in 1914
    -- sqft lot
    $1,922,400 Zestimate®
    $341/sqft
    $-- HOA

    What's special

    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.
    66 days
    |
    592
    |
    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#: ML82046180MLS Logo

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      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: $341/sqft
      • Date on market: 5/7/2026
      • Listing agreement: ExclusiveRightToSell
      • Inclusions: Other
      • Lease term: Month To Month

        Estimated market value

        $1,922,400

        $1.83M - $2.02M

        $4,214/mo

        Price history

        DateEventPrice
        6/3/2026Price change$1,995,000-13.3%$341/sqft
        Source: MLSListings Inc #ML82046180 Report a problem
        5/9/2026Listed for sale$2,300,000+28.5%$393/sqft
        Source: MLSListings Inc #ML82046180 Report a problem
        4/23/2021Sold$1,790,000+59.1%$306/sqft
        Source: MLSListings Inc #ML81825700 Report a problem
        7/13/2018Sold$1,125,000+13.1%$192/sqft
        Source: Agent Provided Report a problem
        6/25/2014Listing removed$995,000$170/sqft
        Source: NO COMPANY PROVIDED Report a problem
        5/11/2014Price change$995,000+1%$170/sqft
        Source: NO COMPANY PROVIDED Report a problem
        3/10/2014Listed 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 93901

        Getting around

        15 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        29 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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