Improved Triplex with
For Sale
$1,785,000
136 Market Street, Santa Cruz, CA 95062
Three two-bedroom apartments offer private patios and attached garages for parking, storage, and flexible space.
Property Size2,250 SF
Price / SF$793.33
Days on Market78
Property Features for 136 Market Street
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Multi Family
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,010
Amenities
private outdoor patio area
Building Details
Year Built
1976
Buildings
1
Listing Agency:
Miritz & Bailey Real Estate, Inc
(831) 588-4528
Listed By:
Marshall Keneipp · License #02115477
(303) 913-8113
Source:
Exitrealty
Added: Jul 31
Changed: Sep 8
Last Checked: Sep 15 at 4:31AM
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
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Investment Insights
Based on property information with market context.
This 2,250-square-foot triplex, built in 1976, contains three two-bedroom apartments. Each residence includes a private patio and an attached two-car garage, providing dedicated parking along with additional storage or adaptable space. Recent capital improvements include a newer roof, exterior painting, sewer lateral and water main replacements, newer water heaters, and updated interior flooring.
The property is located near downtown Santa Cruz, with access to restaurants, shops, Whole Foods Market, Highway 1, the pier, the Boardwalk, and area beaches. Its three-unit configuration and completed building-system updates provide a straightforward multifamily layout with practical resident amenities.
The property is located near downtown Santa Cruz, with access to restaurants, shops, Whole Foods Market, Highway 1, the pier, the Boardwalk, and area beaches. Its three-unit configuration and completed building-system updates provide a straightforward multifamily layout with practical resident amenities.
Key Highlights
- Three‑unit multifamily property with 2,250 square feet
- Three two‑bedroom apartments
- Each unit includes a private outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,731
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,254,620
$1.3M
Cap Rate 7%
$896,157
$896.2K
Cap Rate 9%
$697,011
$697.0K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$91.8K $40.80/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$89.6K $39.83/SF
− OpEx
−$26.9K −$11.95/SF
NOI
$62.7K $27.88/SF
Area
Santa Cruz County, CA
Vacancy
2.38%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,254,620
Cap Rate 7%
$896,157
Cap Rate 9%
$697,011
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,135
Businesses Nearby
Explore this area
Business Placement
Demographics for 95062, CA
36,268
Population
17,055
Households
2.1
Avg Household Size
43
Median Age
51%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
7,111
Density / Sq Mi
$108,261
Median Household Income
$54,059
Median Earnings
$2,291
Median Rent
$1,064,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom apartments offer private patios and attached garages for parking, storage, and flexible space.
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: Three‑unit multifamily property with 2,250 square feet; Three two‑bedroom apartments; Each unit includes a private outdoor patio
