Well-Improved Triplex with Attached
For Sale
$1,785,000
136 Market ST, Santa Cruz, CA 95062
MULTI_FAMILY - SANTA CRUZ, CA
Property Size2,250 SF
Lot Size0.22 Acres
Price / SF$793.33
Days on Market22
Property Features for 136 Market ST
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-1-5
Bedrooms
6
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 5
Parking features
Garage - Attached
Appliances
Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator
Lot features
Regular
Subdivision
East Santa Cruz
Standard status
Active
Size
2,250 SF
Lot size
0.22 Acres
Utilities
Heating system
Electric (Heating)
Water source
Public
Amenities
private outdoor patio area
Building Details
Year built
1976
Number of units
3
Flooring type
Laminate, Carpet, Linoleum
Building materials
Wood
Roof type
Shingle
Listing Agency:
Miritz & Bailey Real Estate, Inc
(831) 588-4528
Listed By:
Marshall Keneipp · License #02115477
(303) 913-8113
Added: Jul 15
Changed: Aug 4
Last Checked: Aug 5 at 11:06PM
MLS# ML82051657
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 well-maintained triplex on a 0.216-acre lot was built in 1976 and totals 2,250 square feet. The property is constructed with wood materials and features a shingle roof. Each unit includes a private outdoor patio area and an attached two-car garage, providing off-street parking and additional storage.
Recent improvements include a newer roof, exterior paint, sewer lateral replacement, water main replacement, newer water heaters, and interior flooring updates. The homes are heated with electric heating, and appliances listed include a dishwasher, garbage disposal, hood over range, electric oven/range, and refrigerator. Water service is public.
Zoned R-1-5, the triplex is positioned in central Santa Cruz with easy access to restaurants, shops, Whole Foods Market, Highway 1, the pier, Boardwalk, and beaches.
Recent improvements include a newer roof, exterior paint, sewer lateral replacement, water main replacement, newer water heaters, and interior flooring updates. The homes are heated with electric heating, and appliances listed include a dishwasher, garbage disposal, hood over range, electric oven/range, and refrigerator. Water service is public.
Zoned R-1-5, the triplex is positioned in central Santa Cruz with easy access to restaurants, shops, Whole Foods Market, Highway 1, the pier, Boardwalk, and beaches.
Key Highlights
- 0.216‑acre lot with 2,250 square feet total living area
- R‑1‑5 zoning
- Each unit has a private outdoor patio area and an attached two‑car garage
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 | $91.8k | $40.80 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $89.6k | $39.83 |
| − OpEx | −$26.9k | −$11.95 |
| NOI | $62.7k | $27.88 |
2,250 SF · lease $40.80/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$896.2K
$784.1K – $1.05M
NOI $62,731 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$827.4K
$723.9K – $965.3K
NOI $57,915 @ 7.0% cap · market cap 3.24%
Theoretical Best
Retail
$1.29M
$1.13M – $1.50M
NOI $90,059 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,135
Businesses Nearby
Explore this area
Business Placement
Demographics for 95062, CA
36,268
Population
17,055
Households
2.1
Avg Household Size
43
Median Age
51%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
7,111
Density / Sq Mi
$108,261
Median Household Income
$54,059
Median Earnings
$2,291
Median Rent
$1,064,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Triplex in R-1-5 zoning with attached two-car garages, private patios, and recent roof, exterior, plumbing, and interior updates.
Where is this triplex located?
The property is located at 136 Market ST Santa Cruz, CA.
What is the asking price?
The asking price for this property is $1,785,000.
What are key features of this property?
This property features: 0.216‑acre lot with 2,250 square feet total living area; R‑1‑5 zoning; Each unit has a private outdoor patio area and an attached two‑car garage
