Monterey, CA Multifamily Homes & Duplexes for Sale

/61
$1,748,000
- 5 Beds
- 4 Baths
- 2,251 Sq Ft
570 Belden St, Monterey, CA 93940

Imagine gathering around the dining table to enjoy a great meal and looking out the window to take in the passing sailboats and views of the incredible Monterey Bay. Nestled in the heart of New Monterey just blocks from the world-famous Monterey Bay Aquarium and vibrant Cannery Row, this beautifully updated Victorian with soaring ceilings balances modern amenities with coastal farmhouse design

Amber Russell Over the Moon Realty, Inc

570 Belden St, Monterey, CA 93940
/16
$685,500
- 1 Bed
- 1 Bath
- 478 Sq Ft
1 Surf Way Unit 108, Monterey, CA 93940

Beautiful view of the Ocean from this Charming Condo located on Delmonte Beach in Monterey, California. Perfect for Primary or Secondary Residence - On site Pools, Gym and Laundry. Private Entrance to Beach. Walking distance to the Wharf.

Shelly Sherman Bennett Realtors

1 Surf Way Unit 108, Monterey, CA 93940
/78
$1,999,000
- 6 Beds
- 4 Baths
- 3,161 Sq Ft
739 W Franklin St, Monterey, CA 93940

This unique property offers incredible flexibility and opportunity, featuring 2 separate homes on a single lot. Perfect for multi-generational living, investment purposes, or rental potential, this property offers the best of both worlds. The main home boasts 3 spacious bedrooms and 2 bathrooms with approx. 1400 sf, with a large living room with fireplace and dining area that flows effortlessly

Annette Boggs Above and Beyond Real Estate

739 W Franklin St, Monterey, CA 93940
/9
$2,350,000
- 8 Beds
- 4 Baths
- 4,320 Sq Ft
674 Laine St, Monterey, CA 93940

674 Laine St is a stunning 4-unit apartment complex located in the thriving city of Monterey, California. Situated on a 5,750 square foot parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 4,320 square feet, offering its tenants beautifully designed two-bedroom floor plans. The subject property is strategically situated

Robert Johnston Marcus & Millichap

674 Laine St, Monterey, CA 93940
/7
$1,885,000
- 3,130 Sq Ft
1251 First St, Monterey, CA 93940

Welcome to an exceptional investment opportunity featuring a prime commercial space, a four-unit apartment building with garage parking, and am additional, spacious parking lot. The commercial space, strategically located on a bustling street, boasts large windows that flood the interior with natural light, creating an inviting atmosphere for potential businesses. The four-unit apartment building

Loren Ybarra Exp Realty Of California Inc.

1251 First St, Monterey, CA 93940
/7
$1,700,000
- 1,824 Sq Ft
1230 Del Monte Ave, Monterey, CA 93940

Discover a remarkable real estate opportunity featuring a charming main house and a four-unit apartment building, ideal for both homeowners and investors. The main house boasts two spacious bedrooms and a well-appointed bathroom, offering a cozy retreat with inviting living spaces and plenty of natural light. A modern kitchen with updated appliances flows seamlessly into the living area, perfect

Loren Ybarra Exp Realty Of California Inc.

1230 Del Monte Ave, Monterey, CA 93940
/18
$1,800,000
- 8 Beds
- 4 Baths
- 3,436 Sq Ft
830 Parcel St, Monterey, CA 93940

Discover an incredible investment opportunity with this amazing 4-plex in sought-after New Monterey! Featuring approved plans for an additional 2-bed accessory dwelling unit, this property offers immense potential. Each unit is a spacious 2-story townhouse with tasteful upgrades, ensuring comfortable and modern living. Perfectly situated near Cannery Row, Pacific Grove, and the Taylor Street gate

The C Group Real Brokerage Technologies

830 Parcel St, Monterey, CA 93940

California Monterey

Why Live in Monterey

Monterey's stunning coastal location along California's central coast provides residents with unparalleled access to natural beauty and outdoor recreation. The world-renowned Monterey Bay Aquarium anchors the historic Cannery Row district, while the scenic 17-Mile Drive leads to iconic landmarks like the Lone Cypress and Pebble Beach Golf Links. Residents enjoy whale watching, hiking at Point Lobos State Natural Reserve, and cycling along the 18-mile Monterey Bay Coastal Recreation Trail. The city's Mediterranean climate maintains mild temperatures between 48°F and 65°F year-round, perfect for exploring Asilomar State Beach or watching sea lions at Fisherman's Wharf. The Monterey real estate market features diverse housing options across distinct neighborhoods. Single-family homes in Old Monterey have a median price of $1,125,000, while New Monterey homes command a median of $1,223,000. The upscale Monterey Vista area sees median single-family prices of $1,311,500. Condos provide more affordable entry points, with one-bedroom units at a median of $492,000 and two-bedrooms at $712,500. The median townhouse price sits at $1,120,000. Property taxes in Monterey County maintain a 0.66% effective rate, while California's state income tax is 6.00% for yearly salaries of $41,901. The combined sales tax rate reaches 8.80%. The city's educational options include highly rated public schools like Monterey High School and private institutions such as the APlus-rated Stevenson School and York School. The Monterey Institute of International Studies adds higher education opportunities. Commuters can utilize the Monterey-Salinas Transit system, including a free trolley connecting major attractions during peak seasons. San Francisco lies 120 miles north, typically a 2-hour drive via Highway 101.

Learn more about living in Monterey

Home Trends in Monterey, CA

On average, homes in Monterey, CA sell after 51 days on the market compared to the national average of 51 days. The median sale price for homes in Monterey, CA over the last 12 months is $1,125,000, up 3% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$1,125,000

Median Single Family Sale Price

$1,298,070

Median Townhouse Sale Price

$1,120,000

Median 2 Bedroom Sale Price

$715,000

Median 1 Bedroom Sale Price

$490,000

Average Price Per Sq Ft

$818

Number of Homes for Sale

Last 12 months Home Sales

388

Months of Supply

2.50

Median List Price

$1,199,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

How to Buy a Home How to Finance a Home How to Sell a Home

In Monterey, there are currently 7 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $685,500 to $2,350,000, there's a range to accomodate every budget. As of July, 2025 the median home price in Monterey is $1,199,000, while the average sale price is $1,295,210, offering insights into the local housing market. On average, multi-family homes spend 51 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Monterey, CA.

Monterey Types of Homes for Sale

More About Living in Monterey

Homes in Nearby Neighborhoods

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Homes in Nearby Counties

Monterey County Homes for Sale

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