Pacific Grove, CA Multifamily Homes & Duplexes for Sale

/27
$1,559,000
- 4 Beds
- 2 Baths
- 1,584 Sq Ft
700 Rosemont Ave, Pacific Grove, CA 93950

Welcome to this remodeled duplex in the City of Pacific Grove, which is perfect for a rental, second home, or primary home with rental income. Both units have been remodeled with new kitchen cabinets, granite counters, stainless steel appliances, including a gas stove/oven, and a microwave oven. The property has Milgard vinyl windows throughout and a brand-new roof was installed in February of

Hap Albers Albers Real Estate Investment Company

700 Rosemont Ave, Pacific Grove, CA 93950
Explore Pacific Grove
/58
$2,480,000
- 8 Beds
- 3,737 Sq Ft
618 Forest Ave, Pacific Grove, CA 93950

Discover this exceptional 4-unit multifamily building offering a lucrative income potential of over $12,000 per month. Each unit features a spacious 2-bedroom, 1.5-bathroom townhouse-style layout, perfect for rental income or owner-occupied living with the advantage of rental income covering expenses. Enjoy the convenience of separate electrical and gas meters for each unit, providing flexibility

Leo Zhang

618 Forest Ave, Pacific Grove, CA 93950
/48
$1,672,500
- 4 Beds
- 3 Baths
- 1,737 Sq Ft
608 Congress Ave, Pacific Grove, CA 93950

Nestled in the heart of Pacific Grove, this charming single-story property offers a rare street-to-street lot with two-car garage on the alley. The formal front yard welcomes you with a lush green lawn set back under majestic redwood and oak trees. Inside, the clean and bright main house is approximately 1,140 sq.ft., well-maintained and updated with new flooring, quartz counters and stainless

Nate Randall Sotheby’s International Realty

608 Congress Ave, Pacific Grove, CA 93950
/54
$1,800,000
- 5 Beds
- 2 Baths
- 3,000 Sq Ft
206 Cypress Ave Unit B, Pacific Grove, CA 93950

Located in the heart of downtown Pacific Grove, 206 Cypress Avenue offers a rare opportunity to own a spacious duplex just moments from Lovers Point Beach. Each unit features 3 bedrooms, 1 bathroom, and 1,500 sq ft of light-filled living space. The lower unit showcases updated LVP flooring, high ceilings, and a classic Bay Area apartment feel, with a generous dining area and French doors opening

William Bluhm Sotheby’s International Realty

206 Cypress Ave Unit B, Pacific Grove, CA 93950
/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 County Pacific Grove

Why Live in Pacific Grove

Pacific Grove, CA, known as Butterfly Town, USA, is a coastal community in Monterey County that hosts the Monarch Butterfly Sanctuary, attracting thousands of butterflies and eco-tourists from October to February. The town features a mix of Victorian, Colonial Revival, mid-century, Craftsman, and Mediterranean-inspired homes, with a median sales price significantly higher than the rest of Monterey County. Residents enjoy scenic spots like Asilomar State Beach, Lovers Point Park, and George Washington Park. Indoor attractions include the Pacific Grove Museum of Natural History and the Monterey Bay Aquarium. The Point Pinos Lighthouse, the oldest continually operating lighthouse on the Pacific, is another notable attraction. Pacific Grove's highly rated schools include Robert Down Elementary School, Pacific Grove Middle School, and Pacific Grove High School. The town's food scene is vibrant, with popular dining spots like International Cuisine, Passionfish, and Beach House Restaurant and Bar at Lover’s Point. For shopping, residents frequent Grove Market, Trader Joe's, and local boutiques like Marita's Boutique and Aurelia's Boutique PG. Pacific Grove boasts a crime rate 63% lower than the national average, contributing to its peaceful environment. Healthcare needs are met by the Monterey Peninsula Community Hospital, located less than 5 miles away. The Monterey-Salinas Transit bus system provides convenient transportation within the town and to nearby areas.

Learn more about living in Pacific Grove

Home Trends in Pacific Grove, CA

On average, homes in Pacific Grove, CA sell after 41 days on the market compared to the national average of 52 days. The median sale price for homes in Pacific Grove, CA over the last 12 months is $1,410,000, down 5% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$1,410,000

Median Single Family Sale Price

$1,475,000

Median Townhouse Sale Price

$1,775,500

Median 2 Bedroom Sale Price

$1,227,500

Median 1 Bedroom Sale Price

$885,000

Average Price Per Sq Ft

$1,143

Number of Homes for Sale

Last 12 months Home Sales

125

Months of Supply

4.00

Median List Price

$1,497,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

-5%

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

In Pacific Grove, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $1,559,000 to $2,480,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Pacific Grove is $1,497,000, while the average sale price is $1,639,549, offering insights into the local housing market. On average, multi-family homes spend 41 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 Pacific Grove, CA.

Pacific Grove Types of Homes for Sale

More About Living in Pacific Grove

Homes in Nearby Neighborhoods

Homes in Nearby Cities

Homes in Nearby Counties

Monterey County Homes for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage