$1,995,000
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.
Facts & features
- Bathrooms
- 0
- Heating
- Electric, Wall Furnace
- Cooling
- None
- Lot size
- 0.134 acres (5,853 sq ft)
- Year built
- 1914
- Parking spaces
- 20
- Area
- 699 - Not Defined
- County
- Monterey
- Status
- Active
- Property type
- Commercial Sale
- Days on market
- 74
- Listed
- 2026-05-07
- Original price
- $2,300,000
- Parcel #
- 207011020000
- MLS #
- ML82046180
