Duplex with Private Outdoor
For Sale
$1,395,000
236 North AVE, Aptos, CA 95003
Residential Income (2-4 units), APTOS, CA
Property Size1,870 SF
Lot Size0.14 Acres
Price / SF$745.99
Days on Market8
Property Features for 236 North AVE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-3
Bedrooms
4
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Laundry Room, Bedroom 4
Parking
3
Parking features
Garage - Attached, On Street
Fireplace
1
Appliances
Countertop - Tile, Oven Range - Electric
Subdivision
Seacliff
Standard status
Active
Size
1,870 SF
Lot size
0.14 Acres
Utilities
Heating system
Fireplace(s), Wall Furnace
Water source
Public
Building Details
Year built
1952
Number of units
2
Flooring type
Laminate, Tile
Roof type
Shingle, Composition
Listing Agency:
Christie's International Real Estate Sereno
(831) 460-1100
Listed By:
Brezsny Associates · License #70010105
(831) 400-7334
Added: Oct 8
Changed: Oct 13
Last Checked: Oct 15 at 5:06AM
MLS# ML82063982
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 duplex contains two separate residences, each configured with two bedrooms and one bathroom. Together they provide 1,870 square feet on a 6,011-square-foot lot. One unit measures approximately 1,000 square feet and includes a one-car garage and in-unit laundry; the other is approximately 870 square feet and has a detached laundry room. Both have private fenced outdoor areas. Recent work includes a roof and gutter replacement, interior and exterior painting, a new water heater, electrical panel and device updates, and contemporary lighting. The property also has laminate and tile flooring, a fireplace, and wall-furnace heating.
Seacliff Beach is a 12-minute walk away. Restaurants, coffee shops, and Marianne's Ice Cream are also within a short stroll, with Aptos Village and Rancho Del Mar Shopping Center nearby. The property is zoned RM-3.
Seacliff Beach is a 12-minute walk away. Restaurants, coffee shops, and Marianne's Ice Cream are also within a short stroll, with Aptos Village and Rancho Del Mar Shopping Center nearby. The property is zoned RM-3.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,870 square feet of building area on a 6,011‑square‑foot lot
- Approximately 1,000‑square‑foot unit has a 1‑car garage and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,136
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,042,720
$1.0M
Cap Rate 7%
$744,800
$744.8K
Cap Rate 9%
$579,289
$579.3K
Market Conditions
NOI Build-Up for 1,870 SF
Gross rent
$76.3K $40.80/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$74.5K $39.83/SF
− OpEx
−$22.3K −$11.95/SF
NOI
$52.1K $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%
$1,042,720
Cap Rate 7%
$744,800
Cap Rate 9%
$579,289
Alternative Uses
Best Use
Multifamily LT 5
$744.8K
$651.7K – $868.9K
NOI $52,136 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$687.6K
$601.7K – $802.2K
NOI $48,134 @ 7.0% cap · market cap 3.45%
Theoretical Best
Retail
$1.07M
$935.6K – $1.25M
NOI $74,849 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
Explore this area
Business Placement
Demographics for 95003, CA
24,706
Population
11,728
Households
2.1
Avg Household Size
50
Median Age
54%
College-Educated
96%
High-School Grad
32.4 sq mi
ZIP Area
763
Density / Sq Mi
$140,990
Median Household Income
$63,609
Median Earnings
$2,548
Median Rent
$1,154,000
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?
Duplex - The two residences each have a fenced yard, with separate laundry arrangements and a garage serving one unit.
Where is this duplex located?
The property is located at 236 North AVE Aptos, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,870 square feet of building area on a 6,011‑square‑foot lot; Approximately 1,000‑square‑foot unit has a 1‑car garage and in‑unit laundry
