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    136 Market St Santa Cruz, CA 95062

    New
    For Sale
    $1,995,000

    Triplex - SANTA CRUZ, CA

    Type:Triplex
    Property size:
    2,250 SF
    Lot size:
    0.22 Acres
    Days on Market:
    7
    Last Refresh:
    Dec 11 at 10:06 pm

    Property Features for 136 Market St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Zoning
    R-1-5
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen
    Bedrooms
    6
    Parking features
    Garage, Garage - Attached
    Interior features
    None
    Appliances
    Range, Range - Electric
    Size
    2,250 SF
    Lot size
    0.22 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1976
    Number of units
    3
    Flooring type
    Carpet, Laminate, Linoleum, Vinyl
    Roof type
    Shingle
    Architectural style
    Other

    Miritz & Bailey Real Estate, Inc. (831) 588-4528 [email protected]

    Listing agent Marshall Keneipp (831) 588-4528 License #02115477

    Listing date Dec 5, 2025

    MLS# ML82028725 Listing URL

    Copyright © 2025 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.

    Overview

    Santa Cruz Triplex Investment Opportunity

    This well-maintained triplex presents an outstanding rental property investment opportunity in central Santa Cruz. The property features highly desirable two-bedroom apartments and a strong rental history. Its location near the rapidly growing downtown area offers easy access to restaurants, shops, Whole Foods Market, Highway 1, the pier, Boardwalk, and beaches. Each unit includes a private outdoor patio area and a rare attached two-car garage, providing ample options for off-street parking, storage, and bonus living space. Recent improvements include a newer roof, exterior paint job, sewer lateral replacement, water main replacement, newer water heaters, and interior flooring updates. The property, zoned R-1-5, is situated on a 0.216-acre lot and has a property size of 2250 square feet. The location is considered very walkable and a biker's paradise. The property's location, condition, desirability, and long-term stability make it a rare find in Santa Cruz.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Cruz
    County
    Santa Cruz
    State
    California
    Longitude
    -122.0187124
    Latitude
    36.9816006

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    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex near downtown Santa Cruz with upside potential.
    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 $1,995,000.
    What are key features of this property?
    This property features: - Excellent rental property investment opportunity in a prime Santa Cruz location near downtown.; - Strong rental history with below-market rents offering immediate upside potential to increase cash flow and property value.; - Rare attached two-car garages for each unit providing parking, storage, or bonus living space.
    (831) 588-4528
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    136 Market St Santa Cruz, CA 95062
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