Four-Unit Property with Four-Bay
New
For Sale
$2,695,000
130 Market ST, Santa Cruz, CA 95060
MULTI_FAMILY - SANTA CRUZ, CA
Property Size3,744 SF
Lot Size0.29 Acres
Price / SF$719.82
Days on Market1
Property Features for 130 Market ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1-5
Bedrooms
9
Rooms
Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 9, Bedroom 4, Bedroom 7, Bedroom 2, Bedroom 8, Laundry Room
Parking
5
Parking features
Garage - Detached, Off Street
Security features
Security Lighting
Interior features
High Ceiling, Skylight
Appliances
Dishwasher, Exhaust Fan, Hood Over Range, Oven Range, Oven Range - Gas, Refrigerator, Skylight
Subdivision
East Santa Cruz
Standard status
Active
Size
3,744 SF
Lot size
0.29 Acres
Utilities
Heating system
Electric (Heating), Forced Air, Wall Furnace, Central
Water source
Public
Building Details
Year built
1908
Number of units
4
Flooring type
Carpet, Laminate, Linoleum
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Victorian, Other, Craftsman
Listing Agency:
Miritz & Bailey Real Estate, Inc
(831) 588-4528
Listed By:
Marshall Keneipp · License #02115477
(303) 913-8113
Added: Aug 5
Last Checked: Aug 5 at 11:06PM
MLS# ML82056624
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This R-1-5 property comprises four residential units across a standalone three-bedroom Victorian house, a two-bedroom cottage, and a duplex containing one-bedroom and three-bedroom units. The house includes two baths, while the separate four-bay garage building provides additional living space above the garages. The 3,744-square-foot property occupies 0.29 acres and includes landscaped outdoor areas, detached garage parking, and off-street parking. Updates have been completed throughout the units, along with energy-efficiency improvements. Built in 1908, the property features wood-frame construction, shingle roofing, and public water service.
Located at 130 Market ST in Santa Cruz, the property is near downtown and provides access to biking and hiking trails, restaurants, shops, Highway 1, the pier, Boardwalk, and beaches. Victorian and Craftsman architectural elements, high ceilings, skylights, and varied flooring contribute to the existing residential character.
Located at 130 Market ST in Santa Cruz, the property is near downtown and provides access to biking and hiking trails, restaurants, shops, Highway 1, the pier, Boardwalk, and beaches. Victorian and Craftsman architectural elements, high ceilings, skylights, and varied flooring contribute to the existing residential character.
Key Highlights
- Four residential units: 3‑bedroom house, 2‑bedroom cottage, and 1‑bedroom/3‑bedroom duplex
- Separate 4‑bay garage building with supplemental living space above
- 3,744 square feet on a 0.29‑acre lot
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $152.8k | $40.80 |
| − Vacancy | −$3.6k | −$0.97 |
| EGI | $149.1k | $39.83 |
| − OpEx | −$44.7k | −$11.95 |
| NOI | $104.4k | $27.88 |
3,744 SF · lease $40.80/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.49M
$1.30M – $1.74M
NOI $104,384 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$1.38M
$1.20M – $1.61M
NOI $96,371 @ 7.0% cap · market cap 3.58%
Theoretical Best
Retail
$2.14M
$1.87M – $2.50M
NOI $149,857 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,083
Businesses Nearby
Explore this area
Business Placement
Demographics for 95060, CA
47,931
Population
20,181
Households
2.4
Avg Household Size
39
Median Age
55%
College-Educated
94%
High-School Grad
54.5 sq mi
ZIP Area
879
Density / Sq Mi
$106,040
Median Household Income
$46,231
Median Earnings
$2,356
Median Rent
$1,189,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Distinct residential buildings provide a three-bedroom house, cottage, and duplex configuration.
Where is this quadplex located?
The property is located at 130 Market ST Santa Cruz, CA.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: Four residential units: 3‑bedroom house, 2‑bedroom cottage, and 1‑bedroom/3‑bedroom duplex; Separate 4‑bay garage building with supplemental living space above; 3,744 square feet on a 0.29‑acre lot
