Duplex with Detached
New
For Sale
$1,300,000
17 & 18 Jolley WAY, Scotts Valley, CA 95066
Residential Income (2-4 units), SCOTTS VALLEY, CA
Property Size1,924 SF
Lot Size0.13 Acres
Price / SF$675.68
Days on Market3
Property Features for 17 & 18 Jolley WAY
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Rooms
Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4
Parking features
Garage - Detached
Subdivision
Scotts Valley
Standard status
Active
Size
1,924 SF
Lot size
0.13 Acres
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1972
Number of units
2
Roof type
Composition
Listing Agency:
eXp Realty of California Inc
8885849427x119
Listed By:
Strock Team · License #70010201
(831) 688-9800
Added: Oct 8
Last Checked: Oct 10 at 1:06AM
MLS# ML82063997
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 1,924-square-foot duplex contains two residences on a 0.134-acre lot. The upper unit has three bedrooms, two bathrooms, and an open kitchen and dining area. Below, a two-bedroom, two-bathroom unit provides a separate layout. A detached two-car garage and shared laundry serve both residences. The property was built in 1972 and has forced-air heating and a composition roof.
The duplex sits at the end of a cul-de-sac in Scotts Valley. Henry Cowell Redwoods State Park is nearby, and Highway 17 provides a route toward the South Bay. Santa Cruz and area beaches are also a short drive away.
The duplex sits at the end of a cul-de-sac in Scotts Valley. Henry Cowell Redwoods State Park is nearby, and Highway 17 provides a route toward the South Bay. Santa Cruz and area beaches are also a short drive away.
Key Highlights
- Two residences within 1,924 square feet of building area
- Upper unit: 3 bedrooms and 2 bathrooms, with an open kitchen and dining area
- Lower unit: 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,642
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,840
$1.1M
Cap Rate 7%
$766,314
$766.3K
Cap Rate 9%
$596,022
$596.0K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$78.5K $40.80/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$76.6K $39.83/SF
− OpEx
−$23.0K −$11.95/SF
NOI
$53.6K $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%
$1,072,840
Cap Rate 7%
$766,314
Cap Rate 9%
$596,022
Alternative Uses
Best Use
Multifamily LT 5
$766.3K
$670.5K – $894.0K
NOI $53,642 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$707.5K
$619.1K – $825.4K
NOI $49,524 @ 7.0% cap · market cap 3.81%
Theoretical Best
Retail
$1.10M
$962.6K – $1.28M
NOI $77,010 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 95066, CA
15,483
Population
6,733
Households
2.3
Avg Household Size
45
Median Age
55%
College-Educated
96%
High-School Grad
18.7 sq mi
ZIP Area
828
Density / Sq Mi
$146,941
Median Household Income
$73,323
Median Earnings
$2,384
Median Rent
$1,113,000
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two living units offer distinct layouts, with shared laundry and a detached garage serving the property.
Where is this duplex located?
The property is located at 17 & 18 Jolley WAY Scotts Valley, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two residences within 1,924 square feet of building area; Upper unit: 3 bedrooms and 2 bathrooms, with an open kitchen and dining area; Lower unit: 2 bedrooms and 2 bathrooms
