Charming Duplex in South Central
For Sale
$870,000
315 3151/2 Archer Street, Salinas, CA 93901
Duplex in the heart of South Central Salinas. Great investment!
Property Size2,104 SF
Lot Size0.20 Acres
Days on Market409
Property Features for 315 3151/2 Archer Street
General Information
Standard status
Active
Size
2,104 SF
Lot size
0.20 Acres
Property subtype
Duplex
Amenities
Wall Furnace
Oven Range - Gas
Refrigerator
Public Utilities, Water - Public, Composition
Building Details
Building Size
2,104 SF
Year Built
1953
Listing Agency:
M2 Realty Group
Listed By:
Susan Haro
(831) 524-0913
Source:
Kw
Added: Aug 25, 2025
Changed: Oct 6
Last Checked: Oct 5 at 4:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of M2 Realty Group
Investment Insights
Based on property information with market context.
This duplex, located in the heart of South Central Salinas, is being offered for sale for the first time in almost 40 years. The front unit, constructed in the late 1930s, features three bedrooms and one bathroom, showcasing distinctive characteristics of that era. The back unit, recently remodeled, includes one bedroom and one bathroom, with new laminate flooring and an open-concept living room and kitchen area. The property is located near Hartnell College and within the Salinas City Elementary/High School District, providing educational opportunities. This property presents an opportunity for comfortable living in Salinas.
Key Highlights
- Duplex: Investment opportunity for rental income.
- Remodeled 1 bed/1 bath back unit with new flooring and open concept.
- Desirable location in South Central Salinas.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,749
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,980
$735.0K
Cap Rate 7%
$524,986
$525.0K
Cap Rate 9%
$408,322
$408.3K
Market Conditions
NOI Build-Up for 2,104 SF
Gross rent
$53.8K $25.56/SF
− Vacancy
−$1.3K −$0.61/SF
EGI
$52.5K $24.95/SF
− OpEx
−$15.7K −$7.49/SF
NOI
$36.7K $17.47/SF
Area
Salinas, CA
Vacancy
2.38%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,980
Cap Rate 7%
$524,986
Cap Rate 9%
$408,322
Alternative Uses
Best Use
Multifamily LT 5
$525.0K
$459.4K – $612.5K
NOI $36,749 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$483.5K
$423.1K – $564.1K
NOI $33,848 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$662.5K
$579.7K – $772.9K
NOI $46,376 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,933
Businesses Nearby
Explore this area
Business Placement
Demographics for 93901, CA
29,700
Population
11,328
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
81%
High-School Grad
9.6 sq mi
ZIP Area
3,094
Density / Sq Mi
$91,639
Median Household Income
$47,620
Median Earnings
$1,792
Median Rent
$721,100
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
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in the heart of South Central Salinas. Great investment!
Where is this duplex located?
The property is located at 315 3151/2 Archer Street Salinas, CA.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Duplex: Investment opportunity for rental income.; Remodeled 1 bed/1 bath back unit with new flooring and open concept.; Desirable location in South Central Salinas.
