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Victorian Duplex with Two Units
New
For Sale
$2,377,000

202 Watson ST, Monterey, CA 93940

Residential Income (2-4 units), Victorian, MONTEREY, CA

Property Size2,772 SF
Lot Size0.12 Acres
Price / SF$857.50
Days on Market2

Property Features for 202 Watson ST

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning R2
Bedrooms 5
Rooms Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1
Parking 1
Parking features Open, On Street, Garage - Detached
Interior features High Ceiling, Vaulted Ceiling, Wet Bar
Fireplace 1
Appliances Cooktop - Gas, Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Hookups - Gas, No Appliances, Oven Range - Built-In, Trash Compactor
Lot features Grade - Mostly Level, Views
View Ocean, City
Subdivision Old Town Monterey
Standard status Active
Size 2,772 SF
Lot size 0.12 Acres

Utilities

Heating system Fireplace(s), Natural Gas, Central, Forced Air
Cooling system Ceiling Fan(s), Central Air
Water source Public

Amenities

deck
patio
backyard
fireplace
air conditioning
garage
storage shed
apple tree

Building Details

Year built 1929
Number of units 2
Flooring type Carpet, Tile
Roof type Shingle, Composition
Architectural style Victorian
Listing Agency: Compass
Listed By: Judie Profeta · License #00703550
Added: Sep 26 Last Checked: Sep 27 at 9:06AM
MLS# ML82062794

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 R2-zoned Victorian duplex, built in 1929, contains two residences totaling 2,772 square feet. The upper unit has 2 bedrooms and 1 bathroom within 1,338 square feet, plus a deck, fireplace, and air conditioning. The lower unit offers 3 bedrooms and 1.5 bathrooms across 1,434 square feet, with access to a patio and backyard. Additional features include a detached garage, open and on-street parking, a storage shed, and a producing apple tree.

The property is at 202 Watson Street in Monterey, California. Its two-unit arrangement includes separate indoor and outdoor spaces, with the upper residence opening to a deck and the lower residence connecting to the backyard.

Key Highlights

  • Two residences totaling 2,772 square feet
  • Upper unit: 2 bedrooms, 1 bathroom, 1,338 square feet, deck, fireplace, and air conditioning
  • Lower unit: 3 bedrooms, 1.5 bathrooms, 1,434 square feet, patio, and backyard

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Pet Grooming Service Home Appliance Store Locksmith Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,401
Businesses Nearby

Demographics for 93940, CA

30,454
Population
15,451
Households
2
Avg Household Size
43
Median Age
54%
College-Educated
94%
High-School Grad
35.1 sq mi
ZIP Area
868
Density / Sq Mi
$110,669
Median Household Income
$62,711
Median Earnings
$2,305
Median Rent
$1,039,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate residences provide a combined five bedrooms, with private outdoor spaces and a detached garage.
Where is this duplex located?
The property is located at 202 Watson ST Monterey, CA.
What is the asking price?
The asking price for this property is $2,377,000.
What are key features of this property?
This property features: Two residences totaling 2,772 square feet; Upper unit: 2 bedrooms, 1 bathroom, 1,338 square feet, deck, fireplace, and air conditioning; Lower unit: 3 bedrooms, 1.5 bathrooms, 1,434 square feet, patio, and backyard
More about this property
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