1200 W Market Cir, Salinas, CA, 93901
About This Home
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.
Getting Around
Car-Dependent
No Nearby Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1914
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
Type & Style
- Home type: MultiFamily
- Property subType: Five Or More Units,Residential Income
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
Features
- Door features: Other
Heating & Cooling
- Heating features: Electric,Other,Wall Furnace
- Cooling features: None
Interior Area
- Total structure area: 5,853
- Total interior livable area: 5,853 sqft
Property
Accessibility
- Accessibility features: Other
Details
- Parcel number: 207011020000
- Zoning: HDR 8
- Special condition: Standard
Lot
- Lot size: 1.07 Acres
Parking
- Total spaces: 20
- Parking features: Common,Detached,Off Street
- Has garage: Yes
- Attached garage spaces: 4
- Covered spaces: 4
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Drought
- Earthquake
- Inland Flooding
- Heat Wave
- Wildfire
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Monterey County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $10,087 | $121,044 |
| Home Insurance * | $372 | $4,464 |
| Property Taxes | $1,047 | $12,564 |
| Electricity | $1,255 | $15,061 |
| Total | $12,761 | $153,132 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-03 | Price change | $1,995,000 |
| 2026-05-09 | Listed for sale | $2,300,000 |
| 2021-04-23 | Sold | $1,790,000 |
| 2018-07-13 | Sold | $1,125,000 |
| 2014-06-25 | Listing removed | $995,000 |
| 2014-05-11 | Price change | $995,000 |
| 2014-03-10 | Listed for sale | $985,000 |
View on Zillow