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
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592
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12
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Zillow last checked:
Listing updated:
Listed by:
The C Group70010221831-601-8936,
Real Brokerage Technologies619-663-8680,
Kyle Murphy02234798860-729-2196
Source: MLSListings Inc,MLS#: ML82046180
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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
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
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