Historic Victorian
114 2nd Street Watsonville, CA 95076
114 2nd Street, Watsonville, CA, 95076
$750,000
For Sale
$750,000
Two-unit duplex in Watsonville with updated kitchen, indoor laundry, upper deck, and detached garage with possible ADU potential.
Property Size1,710 SF
Price / SF$438.60
Days on Market53
Property Features for 114 2nd Street
General Information
- Standard status
- Active
- Size
- 1,710 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing agency
Aldina Real Estate,Inc.
(831) 566-9716
Listed by
Tony Melo · License #01844100
(831) 566-9716
Source
Exitrealty
Added: May 30 Updated: Jul 20 at 5:55PM Checked: Jul 21 at 5:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aldina Real Estate,Inc.
Investment Insights
Based on property information with market context.
This historic Watsonville duplex features classic Victorian-inspired architecture, a welcoming front porch, and two distinct residential units. The lower unit includes 1 bedroom, 1 bathroom, a bonus room that could serve as a second bedroom, home office, or guest space, plus a spacious living room with soaring ceilings, a dedicated dining area, and an indoor laundry room. The upper unit offers 2 bedrooms, 1 bathroom, an open living/dining layout, and a generous laundry room.
The updated kitchen includes granite countertops, quality cabinetry, and ample storage. An expansive upper-level deck provides views of downtown Watsonville and beyond. The property also includes a large detached garage with potential ADU possibilities (buyer to verify) and a spacious paved area for parking.
Located near downtown shops, restaurants, services, and commuter routes, the property supports flexible occupancy options with rental income potential.
The updated kitchen includes granite countertops, quality cabinetry, and ample storage. An expansive upper-level deck provides views of downtown Watsonville and beyond. The property also includes a large detached garage with potential ADU possibilities (buyer to verify) and a spacious paved area for parking.
Located near downtown shops, restaurants, services, and commuter routes, the property supports flexible occupancy options with rental income potential.
Key Highlights
- Watsonville 2‑unit duplex built in 1900 with classic Victorian‑inspired exterior and front porch.
- Lower unit: 1 bed, 1 bath, bonus room, spacious living room with soaring ceilings, dedicated dining area, and indoor laundry room.
- Upper unit: 2 beds, 1 bath, generous laundry room, and open living/dining layout.
Local 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 | $69.8k | $40.80 |
| − Vacancy | −$1.7k | −$0.97 |
| EGI | $68.1k | $39.83 |
| − OpEx | −$20.4k | −$11.95 |
| NOI | $47.7k | $27.88 |
1,710 SF · lease $40.80/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$681.1K
$595.9K – $794.6K
NOI $47,675 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$628.8K
$550.2K – $733.6K
NOI $44,015 @ 7.0% cap · market cap 5.87%
Theoretical Best
Retail
$977.8K
$855.6K – $1.14M
NOI $68,444 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex in Watsonville with updated kitchen, indoor laundry, upper deck, and detached garage with possible ADU potential.
Where is this duplex located?
The property is located at 114 2nd Street Watsonville, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Watsonville 2‑unit duplex built in 1900 with classic Victorian‑inspired exterior and front porch.; Lower unit: 1 bed, 1 bath, bonus room, spacious living room with soaring ceilings, dedicated dining area, and indoor laundry room.; Upper unit: 2 beds, 1 bath, generous laundry room, and open living/dining layout.
