$1,400,000
SOLD MAY 13, 2026
6 Beds
3 Baths
2,204 Sq Ft
1958 Built

Sale Details

Date Sold: May 13, 2026

$635 Per Sq Ft

7% Below List Price

68 on Market

Highlights

  • 3 Car Detached Garage
  • 1-Story Property
  • 2-minute walk to Oak Newton Park
  • Monterey High School Rated A

About This Home

As of May 2026

Rare opportunity to acquire a well-located triplex in the heart of New Monterey. This property features three single-level units with functional, well-designed layouts and attractive finishes that appeal to todays tenants. Ideally positioned within easy walking distance to Downtown Monterey, residents can enjoy quick access to shops, restaurants, and everyday conveniences. The beach, Cannery Row, Monterey Bay Aquarium, and other iconic Monterey amenities are just a short stroll away, making this an exceptionally desirable rental location. Close proximity to the Defense Language Institute, Middlebury Institute of International Studies, and Naval Postgraduate School creates consistent rental demand and contributes to a strong, healthy rent roll. The property has been well maintained and offers a turnkey investment with long-term upside in one of Montereys most sought-after neighborhoods. Offered for the first time on the market, this is a rare chance to own a legacy multifamily asset in a prime coastal location with proven income performance and excellent walkability.

Last Agent to Sell the Property

User The C Group

Real Brokerage Technologies License #70010221 Listed on: 01/30/2026

Last Buyer's Agent

Chrissy Goblirsch-Miller

Keller Williams Realty License #01982057

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1958

Parking

  • 3 Car Detached Garage

Home Design

  • Triplex
  • Raised Foundation
  • Tile Roof

Interior Spaces

  • 2,204 Sq Ft Home
  • 1-Story Property

Listing and Financial Details

  • Total Actual Rent $91,560
  • Month-to-Month Lease Term

Community Details

Overview

  • 2,204 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $1,886
  • Maintenance Expense $1,475
  • Manager Expense $6,800
  • Other Expense $591
  • Utility Expense $3,381
  • Trash Expense $262
  • Operating Expense $16,559
  • Gross Income $89,729

Property Details

Home Type

Multi-Family

Year Built

1958

Parking

3

Listing Details

  • Zoning: R-2
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2204
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Interior Features

  • Living Sq Ft: 2204
  • Stories: 1

Exterior Features

  • Foundation: Raised
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Detached Garage

Utilities

  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6033.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6033.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 16.38
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1886
  • Expense Maintenance: 1475
  • Expense Management: 6800
  • Expenses Other: 591
  • Expenses Total: 16559
  • Expenses Utility: 3381
  • Expense Trash: 262
  • Income Annual Gross: 89729.00
  • Income Annual Rental: 91560
  • Income Gross Scheduled: 91560
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 3
  • Operating Expenses Include: Maintenance
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 2
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2026 05/13/26 Sold $1,400,000 -6.7% $635 / Sq Ft
04/09/2026 04/09/26 Pending -- -- --
01/30/2026 01/30/26 For Sale $1,500,000 -- $681 / Sq Ft
Source: MLSListings

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,969 $142,299 $39,775 $102,524
2024 $1,969 $139,510 $38,996 $100,514
2023 $1,614 $136,776 $38,232 $98,544
2022 $1,593 $134,095 $37,483 $96,612
2021 $1,570 $131,467 $36,749 $94,718
2020 $1,514 $130,120 $36,373 $93,747
2019 $1,580 $127,569 $35,660 $91,909
2018 $1,523 $125,068 $34,961 $90,107
2017 $1,418 $122,617 $34,276 $88,341
2016 $1,394 $120,213 $33,604 $86,609
2015 $1,301 $118,409 $33,100 $85,309
2014 $1,279 $116,090 $32,452 $83,638
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML82033151

MLSListings

APN: 001-151-014

Your Personal Tour Guide

Ask me questions while you tour the home.