4-Unit Multifamily
130 Market Street, Santa Cruz, CA 95060
For Sale
$2,695,000
ResidentialIncome, Craftsman, Traditional, Victorian, SantaCruz, CA
Property Size3,744 SF
Lot Size0.29 Acres
Price / SF$719.82
Days on Market94
Property Features for 130 Market Street
General Information
Property type
Property subtype
Zoning
Parking
Window features
Interior features
Appliances
Middle school
High school
High school district
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Number of units
Flooring type
Roof type
Architectural style
Buildings
Listing Agency:
Miritz & Bailey Real Estate, Inc
(831) 588-4528
Listed By:
Marshall Keneipp · License #02115477
(303) 913-8113
Added: Aug 5
Changed: Nov 3
Last Checked: Nov 6 at 9:06PM
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.
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Investment Insights
Based on property information with market context.
This 3,744-square-foot multifamily property on a 0.29-acre parcel comprises four structures. The residential mix includes a three-bedroom Victorian house, a two-bedroom cottage, and a duplex with one- and three-bedroom units. A separate four-bay garage building has additional living space above the garages. The property was built in 1908 and has R-1-5 zoning. Interior features include high ceilings, and energy-efficiency improvements have been made. The units have been updated, and the grounds include landscaped outdoor areas and off-street parking.
The property is at 130 Market Street in Santa Cruz. Its stated nearby destinations include downtown, restaurants, shops, Highway 1, the pier, the Boardwalk, and beaches.
The property is at 130 Market Street in Santa Cruz. Its stated nearby destinations include downtown, restaurants, shops, Highway 1, the pier, the Boardwalk, and beaches.
Key Highlights
- Four residential units across four structures
- Unit mix includes 3‑bedroom, 2‑bedroom, 1‑bedroom, and 3‑bedroom residences
- 3,744 square feet on a 0.29‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,371
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,927,420
$1.9M
Cap Rate 7%
$1,376,729
$1.4M
Cap Rate 9%
$1,070,789
$1.1M
Market Conditions
NOI Build-Up for 3,744 SF
Gross rent
$179.7K $48.00/SF
− Vacancy
−$4.5K −$1.20/SF
EGI
$175.2K $46.80/SF
− OpEx
−$78.8K −$21.06/SF
NOI
$96.4K $25.74/SF
Area
Santa Cruz County, CA
Vacancy
2.50%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,927,420
Cap Rate 7%
$1,376,729
Cap Rate 9%
$1,070,789
Alternative Uses
Best Use
Apartment 5plus
$1.38M
$1.20M – $1.61M
NOI $96,371 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,135
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
$1,189,300
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Santa Cruz, CA
Properties on Market for Multifamily properties in Santa Cruz
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four residential units occupy multiple buildings, with off-street parking and landscaped outdoor areas.
Where is this multifamily property located?
The property is located at 130 Market Street 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 across four structures; Unit mix includes 3‑bedroom, 2‑bedroom, 1‑bedroom, and 3‑bedroom residences; 3,744 square feet on a 0.29‑acre parcel
