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Santa Cruz Triplex Investment Opportunity

136 Market St, Santa Cruz, CA 95062

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For Sale

$1,895,000

Well-maintained triplex near downtown Santa Cruz with strong rental history.

Type:Investment

HighLights

Prime Santa Cruz location near downtown, restaurants, shops, Whole Foods, Highway 1, pier, Boardwalk, and beaches with excellent walkability (Walk Score: 90) and bikeability (Bike Score: 85).
Strong rental history with below‑market rents offering immediate upside potential.
Rare attached two‑car garages for each unit providing ample parking, storage, or bonus living space.
Well‑maintained triplex with recent improvements including a newer roof, exterior paint, sewer lateral replacement, and water main replacement.
Highly desirable two‑bedroom apartments, each with a private outdoor patio area.
Excellent condition and long‑term stability, rare for triplexes in Santa Cruz.

We can help!

Listing Contact

Marshall Keneipp

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For Sale

$1,895,000

Well-maintained triplex near downtown Santa Cruz with strong rental history.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 8:23 pm

Property Features for 136 Market St

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1976

We can help!

Listing Contact

Marshall Keneipp

Listing agent Marshall Keneipp License #02115477

Listing office Miritz & Bailey Real Estate, Inc.

Listing date Apr 24, 2026

Source Elliman

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 Miritz & Bailey Real Estate, Inc.

HighLights

Prime Santa Cruz location near downtown, restaurants, shops, Whole Foods, Highway 1, pier, Boardwalk, and beaches with excellent walkability (Walk Score: 90) and bikeability (Bike Score: 85).
Strong rental history with below‑market rents offering immediate upside potential.
Rare attached two‑car garages for each unit providing ample parking, storage, or bonus living space.
Well‑maintained triplex with recent improvements including a newer roof, exterior paint, sewer lateral replacement, and water main replacement.
Highly desirable two‑bedroom apartments, each with a private outdoor patio area.
Excellent condition and long‑term stability, rare for triplexes in Santa Cruz.

Overview

This well-maintained triplex presents an investment opportunity in central Santa Cruz. The property features highly desirable two-bedroom apartments and a strong rental history. Its location offers convenient access to restaurants, shops, Whole Foods Market, Highway 1, the pier, Boardwalk, and beaches. Each unit includes a private outdoor patio area and an attached two-car garage, providing options for off-street parking, storage, and potential 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's location is considered a Walker's Paradise with a score of 90, and Very Bikeable with a score of 85, indicating ease of access by foot and bicycle. Public transportation is available, scoring 47, indicating some transit options. The property's location near the rapidly growing downtown area, combined with recent improvements and long-term stability, make it an excellent investment opportunity.

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City: Santa Cruz
County: Santa Cruz
State: California
Longitude: -122.0187124
Latitude: 36.9816006

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For sale
Triplexes
CA
Santa Cruz
95062
136 Market St

What type of property is this?

Triplex - Well-maintained triplex near downtown Santa Cruz with strong rental history.

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 $1,895,000.

What are key features of this property?

This property features: Prime Santa Cruz location near downtown, restaurants, shops, Whole Foods, Highway 1, pier, Boardwalk, and beaches with excellent walkability (Walk Score: 90) and bikeability (Bike Score: 85).; Strong rental history with below‑market rents offering immediate upside potential.; Rare attached two‑car garages for each unit providing ample parking, storage, or bonus living space.