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Monterey, CA

Multifamily

Monterey, CA Multifamily Properties for Sale

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Pacific Grove, CA Seaside, CA Pebble Beach, CA Carmel, CA Marina, CA Carmel Highlands, CA Carmel Valley, CA Salinas, CA

10 properties

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Victorian Duplex with Two Units

Updated: Sep 26

Victorian Duplex with Two Units

202 Watson ST, Monterey, CA 93940

$2,199,000

2,772 sqft 0.12 AC lot

Two residences totaling 2,772 square feet
Upper unit: 2 bedrooms, 1 bathroom, 1,338 square feet, deck, fireplace, and air conditioning
Lower unit: 3 bedrooms, 1.5 bathrooms, 1,434 square feet, patio, and backyard
R2 zoning; Victorian architecture; built in 1929
Detached garage, open parking, and on‑street parking

Remodeled Mixed-Use Property

Updated: Apr 1

Remodeled Mixed-Use Property

1230 Del Monte Ave, Monterey, CA 93940

$3,600,000

6,397 sqft

13 doors across 3 parcels
6,397 square feet of mixed‑use improvements
Private parking lot included
Commercial space with rear residential fourplex
Main house with 2 separate guest units

Four-Unit Mixed-Use Property

Four-Unit Mixed-Use Property

883 Lighthouse AVE, Monterey, CA 93940

$1,500,000

2,633 sqft 0.11 AC lot

Street-facing commercial suites accompany two residential apartments, creating a combined commercial and residential configuration.

Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads

Duplex with Harbor Views

Duplex with Harbor Views

202 Watson Street, Monterey, CA 93940

$2,199,000

2,772 sqft

Separate upper- and lower-level residences offer distinct indoor and outdoor living areas.

Four-Unit Mixed-Use Property

Four-Unit Mixed-Use Property

883 Lighthouse AVE, Monterey, CA 93940

$1,500,000

0.11 AC lot

Street-facing commercial units are paired with two separate residential apartments.

Remodeled Multifamily Property

Remodeled Multifamily Property

1230 Del Monte Ave, Monterey, CA 93940

$3,600,000

6,397 sqft

Remodeled multifamily asset spanning three parcels with a private parking lot.

Five-Unit Apartment Building

Five-Unit Apartment Building

545 Ramona Avenue, Monterey, CA 93940

$1,500,000

2,681 sqft

Fully occupied multifamily property with refreshed interiors, one-bedroom layouts, and on-site resident parking.

12-Unit Apartment Building

12-Unit Apartment Building

2080 Withers AVE, Monterey, CA 93940

$4,700,000

A gated residential property where every unit includes its own garage.

Two-Unit Duplex with Rear Yard

Two-Unit Duplex with Rear Yard

501 Dela Vina Avenue, Monterey, CA 93940

$635,000

Two-unit duplex with fireplace, basement storage, washer/dryer, and room for up to four vehicles.

Unique Monterey Multifamily Property

Unique Monterey Multifamily Property

942 Munras Ave, Monterey, CA 93940

Contact for pricing

5,033 sqft 0.48 AC lot

Two multifamily properties offered together in Monterey, California.

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 10 Active listings in Monterey, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 62 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Updated Triplex with Private Entrances

Updated Triplex with Private Entrances

410 Pine Ave, Pacific Grove, CA 93950

$2,199,000

3,528 sqft

Three individually metered residences offer separate kitchens, laundry areas, bedrooms, bathrooms, and private access.

Updated Manufactured Home in Park

Updated Manufactured Home in Park

43-835 Kimball Ave, Seaside, CA 93955

$150,000

444 sqft

Manufactured home offers extensive interior refreshes, including new flooring, paint, lighting, and double-pane windows.

Duplex with Water Views

Duplex with Water Views

136 2nd Street, Pacific Grove, CA 93950

$1,349,000

1,609 sqft

Historic two-level property offering flexible residential use near Pacific Grove destinations and the Monterey Bay shoreline.

Legal Duplex with Private Yards

Legal Duplex with Private Yards

1041 Trinity Avenue, Seaside, CA 93955

$660,000

Two separate units offer private outdoor areas, individual utility metering, laundry hookups, and substantial off-street parking.

Off-Market Properties in Monterey, CA

Consider similar Off-Market properties in Monterey, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

750 Hawthorne St

APARTMENT HOUSE (5+ UNITS)

750 Hawthorne St, Monterey, CA 93940-1145

Estimated value:

$355,000

5,130 sqft 0.14 AC lot

1128 5th St

APARTMENT HOUSE (5+ UNITS)

1128 5th St, Monterey, CA 93940-3507

Estimated value:

$1,020,000

2,142 sqft 0.13 AC lot

463 Watson St

APARTMENT HOUSE (5+ UNITS)

463 Watson St, Monterey, CA 93940-2209

Estimated value:

$280,000

1,968 sqft

910 Wainwright St

APARTMENT HOUSE (5+ UNITS)

910 Wainwright St, Monterey, CA 93940-2165

Estimated value:

$310,000

6,212 sqft 0.22 AC lot

872 Laine St

APARTMENT HOUSE (5+ UNITS)

872 Laine St, Monterey, CA 93940-1133

Estimated value:

$2,385,000

1,344 sqft 0.28 AC lot

466 Ramona Ave

APARTMENT HOUSE (5+ UNITS)

466 Ramona Ave, Monterey, CA 93940-4002

Estimated value:

$3,000,000

0.50 AC lot

803 Hawthorne St

APARTMENT HOUSE (5+ UNITS)

803 Hawthorne St, Monterey, CA 93940-1122

Estimated value:

$740,000

4,793 sqft 0.14 AC lot

570 Ocean Ave

APARTMENT HOUSE (100+ UNITS)

570 Ocean Ave, Monterey, CA 93940-3565

Estimated value:

$4,775,000

13,493 sqft 0.53 AC lot

429 Larkin St

APARTMENT HOUSE (5+ UNITS)

429 Larkin St, Monterey, CA 93940-2607

Estimated value:

$285,000

1,222 sqft 0.21 AC lot

1705 Withers Ave

APARTMENT HOUSE (5+ UNITS)

1705 Withers Ave, Monterey, CA 93940-1567

Estimated value:

$2,575,000

12,428 sqft 0.46 AC lot

832 Franklin St

APARTMENT HOUSE (5+ UNITS)

832 Franklin St, Monterey, CA 93940-2298

Estimated value:

$290,000

1,171 sqft 0.22 AC lot

301 Casa Verde Way

APARTMENT HOUSE (5+ UNITS)

301 Casa Verde Way, Monterey, CA 93940-3703

Estimated value:

$280,000

895 sqft 0.20 AC lot

1193 9th St

APARTMENT HOUSE (5+ UNITS)

1193 9th St, Monterey, CA 93940-3607

Estimated value:

$275,000

1,980 sqft

469 Larkin St

APARTMENT HOUSE (5+ UNITS)

469 Larkin St, Monterey, CA 93940-2600

Estimated value:

$1,000,000

948 sqft 0.17 AC lot

Monterey, CA Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Monterey, CA, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 28,685 square feet of properties for sale, with an estimated market value of $21,433,000.

Sale prices for multifamily properties in Monterey, CA start at $635,000, averaging $2,381,444, and reaching up to $4,700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 34K

Population Growth (5Y) -4.5%

Median Household Income $110,669

College Educated 85.9%

High-Yield Neighborhoods for Investment

Identify Monterey submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
93940	$2.1M

Taxes & Financing

Tax Rate (average for all types) 0.92%

Property Tax per SF $9.11 per SF

Tax Rate vs County Average 0.12 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Monterey County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Monterey fall within the 100,000+ square foot range.

How Realmo verifies these figures

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