Home | Santa Cruz County | Santa Cruz | 95062 | 136 Market St
MLS: ML82028725 | Status: Active | Price: $1,895,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 2,250 | 9,409 | 1976 |
Outstanding rental property investment opportunity in central Santa Cruz! Well maintained triplex with many recent improvements, highly desirable two-bedroom apartments, and a strong rental history. Ideally located near the rapidly growing downtown area with a Very walkable and Bikers Paradise Offers easy access to restaurants, shops, Whole Foods Market, Highway 1, the pier, Boardwalk, and beaches. Each unit has a private outdoor patio area and rare attached two-car garage that provides ample options for off-street parking, storage, and bonus living space. Below market rents compared to current Zillow rental rates provide an opportunity to improve cash flow and property value by raising rents to market rates upon tenant turnover. Upside potential, lower operating expenses due to improvements, and the potential for long-term value appreciation make this an excellent investment opportunity in a prime Santa Cruz location. Recent improvements include a newer roof, exterior paint job, sewer lateral replacement, water main replacement, newer water heaters, and interior flooring updates. Triplexes in Santa Cruz with this excellent condition, desirability, and long-term stability are rare in Santa Cruz. Don't miss this opportunity!
| Field | Value |
|---|---|
| MLS # | ML82028725 |
| MLS Source | MLSListings, Inc. |
| Days on Site | 133 |
| Feature | Details |
|---|---|
| Appliances | Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator |
| Flooring | Carpet, Laminate, Vinyl/Linoleum |
| Laundry | Hookups Only |
| Cooling | None |
| Heating | Electric |
| Feature | Details |
|---|---|
| Roof | Shingle |
| Foundation | Crawl Space |
| Feature | Details |
|---|---|
| Garage/Parking | Attached Garage, Garage: 6 Car(s) |
| High School District | Santa Cruz City High |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | R-1-5 |
Marshall Keneipp
Miritz & Bailey Real Estate, Inc
License #: 02115477
Phone: (303) 913-8113
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 2 | 3 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 750 | 2 | 1/0 | $3,312 |
| 2 | 750 | 2 | 1/0 | $3,099 |
| 3 | 750 | 2 | 1/0 | $3,200 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 1430 Merrill St | $1,650,000 | – | – | 1,630 | Contingent |
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This listing information is up-to-date as of March 19, 2026. For the most current information, please contact Marshall Keneipp, (303) 913-8113.