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New Monterey Multifamily Homes & Duplexes for Sale

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    $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
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    $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

Why Live in New Monterey

New Monterey, a coastal neighborhood perched above Monterey Bay, blends historical charm with modern attractions. Cannery Row, once bustling with sardine canning factories, now features boutique shopping, upscale dining, and landmarks honoring John Steinbeck. Art enthusiasts can explore galleries like Blake Fine Arts and Cheryl Watts Pottery and Gallery, while food lovers frequent renowned eateries such as The Sardine Factory and Chart House. For casual dining, Wave Street Café offers a scenic outdoor patio. Residents enjoy convenient grocery shopping at Trader Joe’s and Safeway. Outdoor activities are abundant, with San Carlos Beach and McAbee Beach providing spots for picnicking, kayaking, and scuba diving. The Monterey Bay Aquarium and Harbor Seal Observation Area offer unique wildlife experiences, while Oak Newton Park provides a playground, dog park, and picnic areas. Homes in New Monterey range from updated ranch-style houses and California bungalows to larger two-story homes with ocean views. The neighborhood is quieter inland, with tree-lined streets and private driveways. Children attend the highly rated Monte Vista Elementary School and Monterey High School, which offers specialized academies in oceanographic science and the arts. New Monterey is safer than the national average and is conveniently located 5 miles from Monterey Regional Airport, with Route 101 providing access to San Jose 70 miles away.

Home Trends in New Monterey, CA

Housing Trends

Median Sale Price
$536,605
Median Single Family Sale Price
$585,000
Median 2 Bedroom Sale Price
$455,662
Average Price Per Sq Ft
$252
Number of Homes for Sale
1
Last 12 months Home Sales
54
Months of Supply
0.20
Median List Price
$570,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-29%
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