Triplex with Private
For Sale
$1,785,000
136 Market Street, Santa Cruz, CA 95062
ResidentialIncome, SantaCruz, CA
Property Size2,250 SF
Lot Size0.22 Acres
Price / SF$793.33
Days on Market125
Property Features for 136 Market Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-1-5
Parking features
Garage
Appliances
Dishwasher, GarbageDisposal, HoodOverRange, OvenRangeElectric, Refrigerator
Lot features
Regular
Middle school
BranciforteMiddleSchool
High school
SantaCruzCityHigh
High school district
SantaCruzCityHigh
Directions
136 Market Street in central Santa Cruz near the intersection of Market and Water Streets. Please park on the street, not on the property.
Subdivision
EastSantaCruz
Standard status
Active
APN
008-333-23
Size
2,250 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
3010
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Amenities
private outdoor patio area
Building Details
Year built
1976
Floors in Building
1
Number of units
3
Flooring type
Laminate, Carpet, Linoleum
Roof type
Shingle
Listing Agency:
Miritz & Bailey Real Estate, Inc
(831) 588-4528
Listed By:
Marshall Keneipp · License #02115477
(303) 913-8113
Added: Jun 19
Changed: Oct 21
Last Checked: Oct 21 at 8:06AM
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.
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Investment Insights
Based on property information with market context.
This 1976 triplex contains three two-bedroom apartments across 2,250 square feet. Each apartment has a private patio, and the property includes an attached two-car garage. Recent work includes a newer roof, exterior painting, sewer lateral and water main replacements, newer water heaters, and flooring updates. The property also has electric heat, public water and sewer, and a 0.216-acre site.
The property is near downtown Santa Cruz, with restaurants, shops, Whole Foods Market, Highway 1, the pier, the Boardwalk, and beaches identified as nearby destinations. R-1-5 zoning is reported for the property.
The property is near downtown Santa Cruz, with restaurants, shops, Whole Foods Market, Highway 1, the pier, the Boardwalk, and beaches identified as nearby destinations. R-1-5 zoning is reported for the property.
Key Highlights
- Three two‑bedroom apartments in a 2,250‑square‑foot triplex
- 0.216‑acre property with private patio space for each apartment
- 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
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 include garage parking and sit near downtown Santa Cruz amenities.
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 two‑bedroom apartments in a 2,250‑square‑foot triplex; 0.216‑acre property with private patio space for each apartment; Attached two‑car garage
