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Renovated Triplex with Laundry
For Sale
$1,985,000

824 Archer St, Monterey, CA 93940

Three-unit residential income property with recent interior updates, varied unit sizes, and coin-operated laundry on site.

Property Size2,214 SF
Price / SF$896.57
Days on Market281

Property Features for 824 Archer St

General Information

Standard status Active
Size 2,214 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 3

Amenities

on-site coin-operated laundry

Building Details

Year Built 1959
Buildings 1
Listing Agency: Bennett Realtors
Listed By: Shelly Sherman · License #01164605
Source: Homesofgreatersacramento
Added: Nov 22, 2025 Changed: Aug 29 Last Checked: Aug 30 at 5:52PM

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 Bennett Realtors

Investment Insights

Based on property information with market context.

This triplex contains 2,214 square feet and was built in 1959. The unit mix includes two two-bedroom, one-bath residences and one one-bedroom, one-bath residence. All three units have received updates within the past five years, and one unit includes some ocean views. A coin-operated laundry area serves the property and provides an additional income source.

The property is located at 824 Archer St in Monterey, within walking distance of the ocean and Cannery Row. Its established construction, recent unit improvements, and three-residence configuration provide a clear multifamily layout for continued residential use.

Key Highlights

  • Three‑unit property with 2,214 square feet
  • Unit mix includes two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
  • All units updated within the last five years

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Storage Facility Dental Office (Bike/Boat/Book/etc) Store Auto Parts Store Catering Service HVAC Service

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,870
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

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Triplex - Three-unit residential income property with recent interior updates, varied unit sizes, and coin-operated laundry on site.
Where is this triplex located?
The property is located at 824 Archer St Monterey, CA.
What is the asking price?
The asking price for this property is $1,985,000.
What are key features of this property?
This property features: Three‑unit property with 2,214 square feet; Unit mix includes two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; All units updated within the last five years
More about this property
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