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Two-House Residential Income Property

210 E High ST Watsonville, CA 95076

210 E High ST, Watsonville, CA, 95076
$1,200,000
For Sale
Under Contract
Claim this Listing
$1,200,000

MULTI_FAMILY - WATSONVILLE, CA

Property Size3,919 SF
Lot Size0.15 Acres
Price / SF$306.20
AddedJun 1
Days on Market44
Last RefreshJul 14 at 3:06 pm

Property Features for 210 E High ST

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi unit
Bedrooms
6
Rooms
Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 3
Parking
3
Parking features
Garage - Attached, Garage - Detached
Appliances
Countertop - Ceramic, Countertop - Tile, Exhaust Fan
Standard status
Active Under Contract
Size
3,919 SF
Lot size
0.15 Acres

Utilities

Heating system
Central, Natural Gas, Forced Air
Water source
Public

Building Details

Year built
1987
Number of units
2
Flooring type
Tile, Carpet
Building materials
Wood
Roof type
Composition
Architectural style
Other

Listing agent Ramon Vazquez License #01054750

Listing office Remax Property Experts 233 Monterey Street, Salinas, CA

Listing date Jun 1, 2026

MLS# ML82048867 Listing URL

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 property consists of two separate houses on a single lot. The current living arrangement is that one home is lived in while the other home is rented. The front house was built in 1986. Because the remark notes the property needs some TLC, prospective owners should plan for light to moderate improvement work to bring the homes to their best condition.

The homes are located close to town in Watsonville, California, according to the public remarks provided. The compact site and single-lot configuration support an easy, two-house residential income format without requiring separate parcels.

For investors or owner-occupants seeking a simple setup, this arrangement can provide rental income alongside personal use of the second home. The property’s two-house design supports flexibility in how an owner chooses to manage the living and rental components. Buyers should factor in the need for TLC when evaluating overall scope and timeline for updates before stabilizing the rented unit.

Key Highlights

  • 2 houses on one lot—live in one and rent the other
  • Front house built in 1986 and currently rented
  • Bedrooms listed: 6 total across Bedroom 1–6

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $159.9k $40.80
− Vacancy −$3.8k −$0.97
EGI $156.1k $39.83
− OpEx −$46.8k −$11.95
NOI $109.3k $27.88
3,919 SF · lease $40.80/SF/yr · vacancy 2.38% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.56M
$1.37M – $1.82M (±1% cap)
NOI $109,263 @ 7.0% cap · market cap 9.11%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M (±1% cap)
NOI $100,875 @ 7.0% cap · market cap 8.41%
Theoretical Best
Retail
$2.24M
$1.96M – $2.61M (±1% cap)
NOI $156,862 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Parking Lot & Garage HVAC Service Pharmacy (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Grooming Service Cosmetic Store Pet Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two houses on one lot with one unit owner-occupied and the other rented, offering straightforward residential income setup.
Where is this duplex located?
The property is located at 210 E High ST Watsonville, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2 houses on one lot—live in one and rent the other; Front house built in 1986 and currently rented; Bedrooms listed: 6 total across Bedroom 1–6
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