Rare opportunity to acquire a well-located triplex in the heart of New Monterey. This property features three single-level units with functional, well-designed layouts and attractive finishes that appeal to todays tenants. Ideally positioned within easy walking distance to Downtown Monterey, residents can enjoy quick access to shops, restaurants, and everyday… Read More conveniences. The beach, Cannery Row, Monterey Bay Aquarium, and other iconic Monterey amenities are just a short stroll away, making this an exceptionally desirable rental location. Close proximity to the Defense Language Institute, Middlebury Institute of International Studies, and Naval Postgraduate School creates consistent rental demand and contributes to a strong, healthy rent roll. The property has been well maintained and offers a turnkey investment with long-term upside in one of Montereys most sought-after neighborhoods. Offered for the first time on the market, this is a rare chance to own a legacy multifamily asset in a prime coastal location with proven income performance and excellent walkability. Read Less
Courtesy of Real Brokerage Technologies, The C Group 831-601-8936
Listing Snapshot
Days Online
1
Last Updated
Property Type
Triplex
Square Ft.
2,204
Lot Size
0.14 Acres
Year Built
1958
MLS Number
ML82033151
30 Days Snapshot Of 93940
$1.26M
0%
(avg) sold price
11
-52%
homes sold
40
-43%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 6033.00, Max Area Units: Square Feet
Unit One
2 bedrooms in unit 1, Unit 1: approximately 735 square feet, Unit 1 rent: $2,445
Unit Two
2 bedrooms in unit 2, Unit 2: approximately 735 square feet, Unit 2 rent: $2,795
Unit Three
2 bedrooms in unit 3, Unit 3: approximately 735 square feet, Unit 3 rent: $2,390
Accessibility Features
None
Building
Built in 1958, 3 building units, 3 buildings, 2,204 structure square feet
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