615 Terrace Street, Salinas, CA 93905

Building Details

Year Built

1951

Listing office Agency One Real Estate Show Phone

Listing date Mar 19, 2026

Source Exitrealty

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 Agency One Real Estate

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Overview

This fully rented triplex includes three residential units. The front unit is a mostly remodeled two-bedroom, one-bath home with updated flooring, kitchen cabinets, and countertops. The back unit is a two-bedroom, one-bath layout with tile flooring, an open floor plan, and access to a small fenced backyard. The third unit offers one bedroom and one bathroom, with tile flooring and a storage shed located in the backyard area.

Located in east Salinas, the property is described as close to shopping, restaurants, Highway 101, and local schools, supporting convenient day-to-day access for tenants.

For an investor or owner-operator, the property offers immediate income from an existing rental setup and the ability to evaluate unit-by-unit upgrades within the current configurations. The owner currently covers trash, septic, and water, which may be a factor for budgeting and future lease structure planning. Rent levels are noted as low in the offering materials, subject to the Salinas rental ordinance.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

Location Insight

• Map
• Local Demand

City

Salinas

County

Monterey

State

California

Longitude

-121.6344602

Latitude

36.6786939

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FAQs

What type of property is this?

Triplex - Own a fully rented triplex with updated front unit and private outdoor space for the back unit.

Where is this triplex located?

The property is located at 615 Terrace Street Salinas, CA.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: Fully rented 3‑unit triplex built in 1951, with a front 2BD/1BA, back 2BD/1BA, and third 1BD/1BA unit; Front unit (mostly remodeled) features updated flooring, kitchen cabinets, and kitchen countertops; Back unit has a 2BD/1BA layout with tile flooring, an open floor plan, and a small fenced backyard