Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Duplex Units in Watsonville Title is generated by Realmo AI

    WATSONVILLE, Watsonville 95076

    View on Map
    Claim this Listing
    New
    For Sale
    $1,997,500

    MULTI_FAMILY - WATSONVILLE

    Property size:
    4,096 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $487/SF
    Added:
    May 18, 2026
    Days on Market:
    4
    Last Refresh:
    May 21 at 9:06 pm

    Property Features for WATSONVILLE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    R
    Bedrooms
    6
    Rooms
    Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 1
    Parking features
    Guest, Garage - Attached
    Interior features
    High Ceiling
    Appliances
    Countertop - Other, Dishwasher, Hood Over Range, Oven Range - Built-In, Pantry, Refrigerator
    Standard status
    Active
    Size
    4,096 SF
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Forced Air, Central, Solar (Heating)
    Water source
    Public

    Building Details

    Year built
    2026
    Number of units
    2
    Roof type
    Composition

    We can help!

    Listing Contact
    Paul Burrowes
    Paul Burrowes

    Listing agent Paul Burrowes License #01955563

    Listing office David Lyng Real Estate 5522 Scotts Valley Drive, CA

    Listing date May 18, 2026

    MLS# ML82047554 Listing URL

    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.

    HighLights

    • Dual‑income potential: Two brand‑new units offer the opportunity to live in one and rent the other.
    • Below‑market pricing: Priced significantly below the Watsonville market median.
    • High rental appeal: Low vacancy rate and modern design engineered for maximum rental appeal.
    • Brand‑new construction: Enjoy full builder warranties.
    • En‑suite bathrooms: Every bedroom features a private en‑suite bathroom.
    • Community amenities: Includes a sports court, fitness par course, walking/biking trails, community garden, and more.

    Overview

    This property presents an investment opportunity with two brand-new, side-by-side units. Each unit offers 2,048 square feet of living space and features 3 bedrooms and 3.5 bathrooms. The units are designed to maximize rental appeal and minimize turnover, with each bedroom including a private en-suite bathroom. The layout includes a chef-inspired kitchen, dining area, and living area suitable for entertaining, along with space for a home office, gym, or guest retreat. Each unit also has an attached 465 sq. ft. garage and a 124 sq. ft. private outdoor space. The property is located in Watsonville, where the local vacancy rate is approximately 2.4%. As new construction, the units come with full builder warranties. Community amenities include a sports court, fitness par course, integrated walking and biking trails, bocce ball court, community garden, bird-watch overlook deck, playground, BBQ areas, and scenic picnic spots. Every unit features a 220v circuit for EV charging.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $1.27M
    NOI $114,198 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.63M
    NOI $114,198 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.28M
    NOI $114,198 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $167.1k $40.80
    − Vacancy −$4.0k −$0.97
    EGI $163.1k $39.83
    − OpEx −$48.9k −$11.95
    NOI $114.2k $27.88
    4,096 SF · lease $40.80/SF/yr · vacancy 2.38% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $1.63M
    $1.43M – $1.90M (±1% cap)
    NOI $114,198 @ 7.0% cap · market cap 5.72%
    Second Best
    Apartment 5plus
    $1.51M
    $1.32M – $1.76M (±1% cap)
    NOI $105,431 @ 7.0% cap · market cap 5.28%
    Theoretical Best
    Retail
    $2.34M
    $2.05M – $2.73M (±1% cap)
    NOI $163,946 @ 7.0% cap · market cap 8.21%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Big Box & Wholesale Store Hotel & Motel Department Store Skin Care Clinic Food Market Grocery & Convenience Store Discount Store Garden Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Watsonville
    County
    Santa Cruz
    State
    Longitude
    -121.772952
    Latitude
    36.909611

    Nearby Similar for Sale

    • $1,000,000
      3,747 SF

      Versatile Commercial Property in Watsonville

      Multi-suite property ideal for investors or owner-users in central location.
      WATSONVILLE, 95076
      View Details
    • $789,000
      1,645 SF

      Royal Oaks Multifamily Investment Property

      Investment property in Pajaro with steady income and ample parking.
      ROYAL OAKS, 95076
      View Details

    FAQs

    What type of property is this?
    Duplex - Two brand-new, side-by-side units perfect for investment or living.
    Where is this duplex located?
    The property is located at WATSONVILLE Watsonville.
    What is the asking price?
    The asking price for this property is $1,997,500.
    What are key features of this property?
    This property features: Dual‑income potential: Two brand‑new units offer the opportunity to live in one and rent the other.; Below‑market pricing: Priced significantly below the Watsonville market median.; High rental appeal: Low vacancy rate and modern design engineered for maximum rental appeal.
    (831) 295-5130
    We can help!
    Listing Contact
    Paul Burrowes
    Paul Burrowes
    Real Estate License ID: 01955563
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    WATSONVILLE, 95076
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!