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Market Way, Salinas, CA, 93901

3beds
3baths
5,853sqft
$2,300,000
$393price/sqft
$14,521/moest. monthly cost
$580,840/yrincome needed

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

81
WalkingVery Walkable
50
TransitGood Transit
56
BikeBikeable

Schools

5/10
Washington Middle SchoolGrades 7-81.0 mi
7/10
Salinas High SchoolGrades 9-120.8 mi

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