Triplex with Attached
New
For Sale
$1,785,000
136 Market ST, Santa Cruz, CA 95062
Residential Income (2-4 units), SANTA CRUZ, CA
Property Size2,250 SF
Lot Size0.22 Acres
Price / SF$793.33
Days on Market2
Property Features for 136 Market ST
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-1-5
Bedrooms
6
Rooms
Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 6
Parking features
Garage - Attached
Appliances
Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator
Lot features
Regular
Subdivision
East Santa Cruz
Standard status
Active
Size
2,250 SF
Lot size
0.22 Acres
Utilities
Heating system
Electric (Heating)
Water source
Public
Amenities
private outdoor patio area
Building Details
Year built
1976
Number of units
3
Flooring type
Linoleum, Carpet, Laminate
Building materials
Wood
Roof type
Shingle
Listing Agency:
Miritz & Bailey Real Estate, Inc
(831) 588-4528
Listed By:
Marshall Keneipp · License #02115477
(303) 913-8113
Added: Oct 5
Last Checked: Oct 6 at 5:06PM
MLS# ML82051657
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.
Investment Insights
Based on property information with market context.
This 1976 triplex contains three two-bedroom apartments, each with a private outdoor patio. The 2,250-square-foot property sits on a 0.216-acre lot and includes an attached two-car garage. Construction is wood, with a shingle roof and electric heat; flooring includes linoleum, carpet, and laminate.
Recent work includes roof replacement, exterior painting, sewer lateral and water main replacements, newer water heaters, and interior flooring updates. The property is in Santa Cruz near downtown, with restaurants, shops, Whole Foods Market, Highway 1, the pier, the Boardwalk, and beaches identified in the surrounding area. Zoning is R-1-5.
Recent work includes roof replacement, exterior painting, sewer lateral and water main replacements, newer water heaters, and interior flooring updates. The property is in Santa Cruz near downtown, with restaurants, shops, Whole Foods Market, Highway 1, the pier, the Boardwalk, and beaches identified in the surrounding area. Zoning is R-1-5.
Key Highlights
- Three two‑bedroom apartments, each with a private outdoor patio
- 2,250 square feet on a 0.216‑acre lot
- Attached two‑car garage
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.
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom apartments offer private patios and access to an attached two-car garage.
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 $1,785,000.
What are key features of this property?
This property features: Three two‑bedroom apartments, each with a private outdoor patio; 2,250 square feet on a 0.216‑acre lot; Attached two‑car garage
