Triplex with Attached Two-Car
136 Market Street Santa Cruz, CA 95062
136 Market Street, Santa Cruz, CA, 95062
$1,785,000
For Sale
$1,785,000
Well-maintained triplex with two-bedroom units, private outdoor patios, and attached two-car garages, plus multiple recent system updates.
Property Size2,250 SF
Price / SF$793.33
Days on Market22
Property Features for 136 Market Street
General Information
- Standard status
- Active
- Size
- 2,250 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1976
Listing Agency
Miritz & Bailey Real Estate, Inc
(303) 913-8113
Listed by
Marshall Keneipp · License #02115477
(303) 913-8113
Source
Exitrealty
Added: Jun 26 Checked: Jul 17 at 4:42 am
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
Investment Insights
Based on property information with market context.
This well-maintained triplex offers three two-bedroom apartments, each with a private outdoor patio area and an attached two-car garage. The garages can support off-street parking and additional storage, while providing extra usable space associated with each unit. The property has benefited from a series of recent improvements, including a newer roof, exterior paint, sewer lateral replacement, water main replacement, newer water heaters, and interior flooring updates.
Located in central Santa Cruz near the growing downtown area, the property offers convenient access to restaurants and shops, Whole Foods Market, Highway 1, and the pier, Boardwalk, and beaches.
From a tenant-readiness standpoint, the update package covers key building systems and unit surfaces, which may help support lower operating expenses relative to properties without comparable recent work.
Located in central Santa Cruz near the growing downtown area, the property offers convenient access to restaurants and shops, Whole Foods Market, Highway 1, and the pier, Boardwalk, and beaches.
From a tenant-readiness standpoint, the update package covers key building systems and unit surfaces, which may help support lower operating expenses relative to properties without comparable recent work.
Key Highlights
- Well‑maintained triplex built in 1976 with two‑bedroom apartments
- Each unit features a private outdoor patio area
- Includes a rare attached two‑car garage for off‑street parking, storage, and bonus living space
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 | $91.8k | $40.80 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $89.6k | $39.83 |
| − OpEx | −$26.9k | −$11.95 |
| NOI | $62.7k | $27.88 |
2,250 SF · lease $40.80/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$896.2K
$784.1K – $1.05M
NOI $62,731 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$827.4K
$723.9K – $965.3K
NOI $57,915 @ 7.0% cap · market cap 3.24%
Theoretical Best
Retail
$1.29M
$1.13M – $1.50M
NOI $90,059 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Well-maintained triplex with two-bedroom units, private outdoor patios, and attached two-car garages, plus multiple recent system updates.
Where is this triplex located?
The property is located at 136 Market Street Santa Cruz, CA.
What is the asking price?
The asking price for this property is $1,785,000.
What are key features of this property?
This property features: Well‑maintained triplex built in 1976 with two‑bedroom apartments; Each unit features a private outdoor patio area; Includes a rare attached two‑car garage for off‑street parking, storage, and bonus living space
