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    Monterey, CA Multifamily Properties for Sale

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    Seaside, CA Pebble Beach, CA Carmel, CA
    7 results
    Monterey Fourplex with ADU Potential
    $1,650,000
    3,436 SF

    Monterey Fourplex with ADU Potential

    830 Parcel ST, Monterey, 93940

    Fourplex in New Monterey with plans for additional ADU.

    • Prime New Monterey location near Cannery Row, Pacific Grove, and DLI.
    • Existing 4‑plex with spacious, upgraded 2‑story townhouse units.
    • Approved plans for an additional 2‑bed accessory dwelling unit (ADU).
    • Strong existing rent roll with potential for increased income.
    • Convenient access to downtown Monterey and Pacific Grove.
    Updated: Jun 1
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    Monterey Mixed-Use Commercial/Residential Property
    $1,500,000
    0.11 Acres

    Monterey Mixed-Use Commercial/Residential Property

    883 Lighthouse AVE, Monterey, 93940

    Four-unit mixed-use property near Monterey Bay Aquarium and Cannery Row.

    • Premier Monterey location, blocks from Monterey Bay Aquarium and Cannery Row.
    • Four‑unit mixed‑use property with commercial and residential units.
    • Two street‑facing commercial units on Lighthouse Avenue offer high visibility.
    • Two residential units: 2BD/1BA apartment with deck and 1BD/1BA detached apartment.
    • Off‑street parking available.
    Updated: May 4
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    Monterey Mixed-Use Income Property
    $1,500,000

    Monterey Mixed-Use Income Property

    Four-unit mixed-use property near Monterey Bay Aquarium and Cannery Row.

    883 Lighthouse Ave, Monterey, CA 93940
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    Monterey Triplex in Prime Location
    $1,500,000

    Monterey Triplex in Prime Location

    Well-maintained triplex near downtown Monterey, ideal for rental income.

    1113 Mcclellan Ave, Monterey, CA 93940
    View details
    New Monterey Fourplex Investment Opportunity
    $1,650,000

    New Monterey Fourplex Investment Opportunity

    Fourplex with plans for an additional dwelling unit in Monterey.

    830 Parcel St, Monterey, CA 93940
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    Monterey Triplex Near Beach
    $1,995,000

    Monterey Triplex Near Beach

    Three-unit residential property near the beach and Navy school.

    1150 Eighth St, Monterey, CA 93940
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    Unique Monterey Multifamily Property
    $2,350,000
    5,033 SF

    Unique Monterey Multifamily Property

    Two multifamily properties offered together in Monterey, California.

    942 Munras Ave, Monterey, CA 93940
    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 7 Active listings in Monterey, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Pacific Grove Multifamily Income Property
    $2,299,000
    3,737 SF

    Pacific Grove Multifamily Income Property

    Fourplex in Pacific Grove with strong rental income.

    618 Forest AVE, Pacific Grove, 93950
    View details
    Coastal Duplex with Ocean Views
    $1,225,000
    1,680 SF

    Coastal Duplex with Ocean Views

    Rare Pacific Grove duplex near the shoreline with ocean views.

    301 7th ST, Pacific Grove, 93950
    View details
    Rare Seaside Investment Opportunity
    $2,090,000
    0.19 Acres

    Rare Seaside Investment Opportunity

    Investment and development opportunity in the heart of Sand City.

    1801 Catalina ST, Seaside, 93955
    View details
    Seaside Fourplex Investment Opportunity
    $2,400,000

    Seaside Fourplex Investment Opportunity

    Well-maintained fourplex with modern units and value-add potential.

    987 Harcourt Ave, Seaside, CA 93955
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Ready-to-Build Land in Boulder Creek
    $395,000
    4.32 Acres

    Ready-to-Build Land in Boulder Creek

    Private 4+ acre property with approved plans and utilities.

    830 Kings HWY, Boulder Creek, 95006
    View details
    Santa Margarita Land for Sale
    Contact for pricing
    108,900.00 Acres

    Santa Margarita Land for Sale

    2.5 acre lot suitable for residential or agricultural use.

    0 Atolia Road, Santa Margarita, CA 93453
    View details
    Clearlake Land/Lot Opportunity
    Contact for pricing
    5,663.00 Acres

    Clearlake Land/Lot Opportunity

    Three adjoining lots near Pomo school, ideal for manufactured home.

    3519 Covelo Street, Clearlake, CA 95422
    View details
    Sierra Mountain Land with Creek
    $199,900
    391,169 SF

    Sierra Mountain Land with Creek

    8.98-acre mountain parcel with creek, near upcoming development.

    41505 Hot Springs Drive, Porterville, CA 93257
    View details

    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)
    5,130 SF Lot: 0.14 Acres
    Estimated value
    $835,000

    750 Hawthorne St, Monterey, CA 93940-1145

    View details
    1128 5th St
    APARTMENT HOUSE (5+ UNITS)
    2,142 SF Lot: 0.13 Acres
    Estimated value
    $995,000

    1128 5th St, Monterey, CA 93940-3507

    View details
    463 Watson St
    APARTMENT HOUSE (5+ UNITS)
    1,968 SF
    Value Estimation by Request

    463 Watson St, Monterey, CA 93940-2209

    View details
    910 Wainwright St
    APARTMENT HOUSE (5+ UNITS)
    6,212 SF Lot: 0.22 Acres
    Value Estimation by Request

    910 Wainwright St, Monterey, CA 93940-2165

    View details
    872 Laine St
    APARTMENT HOUSE (5+ UNITS)
    1,344 SF Lot: 0.28 Acres
    Estimated value
    $2,455,000

    872 Laine St, Monterey, CA 93940-1133

    View details
    466 Ramona Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.50 Acres
    Estimated value
    $3,085,000

    466 Ramona Ave, Monterey, CA 93940-4002

    View details
    803 Hawthorne St
    APARTMENT HOUSE (5+ UNITS)
    4,793 SF Lot: 0.14 Acres
    Estimated value
    $775,000

    803 Hawthorne St, Monterey, CA 93940-1122

    View details
    570 Ocean Ave
    APARTMENT HOUSE (100+ UNITS)
    13,493 SF Lot: 0.53 Acres
    Estimated value
    $4,885,000

    570 Ocean Ave, Monterey, CA 93940-3565

    View details
    429 Larkin St
    APARTMENT HOUSE (5+ UNITS)
    1,222 SF Lot: 0.21 Acres
    Value Estimation by Request

    429 Larkin St, Monterey, CA 93940-2607

    View details
    1705 Withers Ave
    APARTMENT HOUSE (5+ UNITS)
    12,428 SF Lot: 0.46 Acres
    Estimated value
    $2,575,000

    1705 Withers Ave, Monterey, CA 93940-1567

    View details
    832 Franklin St
    APARTMENT HOUSE (5+ UNITS)
    1,171 SF Lot: 0.22 Acres
    Value Estimation by Request

    832 Franklin St, Monterey, CA 93940-2298

    View details
    301 Casa Verde Way
    APARTMENT HOUSE (5+ UNITS)
    895 SF Lot: 0.20 Acres
    Value Estimation by Request

    301 Casa Verde Way, Monterey, CA 93940-3703

    View details
    1193 9th St
    APARTMENT HOUSE (5+ UNITS)
    1,980 SF
    Value Estimation by Request

    1193 9th St, Monterey, CA 93940-3607

    View details
    469 Larkin St
    APARTMENT HOUSE (5+ UNITS)
    948 SF Lot: 0.17 Acres
    Estimated value
    $1,000,000

    469 Larkin St, Monterey, CA 93940-2600

    View details
    399 Hawthorne St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.12 Acres
    Value Estimation by Request

    399 Hawthorne St, Monterey, CA 93940-1839

    View details
    31 Monte Vis Dr
    APARTMENT HOUSE (5+ UNITS)
    6,624 SF Lot: 0.20 Acres
    Estimated value
    $880,000

    31 Monte Vis Dr, Monterey, CA 93940-6060

    View details
    1129 1st St
    APARTMENT HOUSE (100+ UNITS)
    10,414 SF
    Estimated value
    $1,800,000

    1129 1st St, Monterey, CA 93940-3358

    View details

    Monterey, CA Multifamily Properties Investment Opportunities Market Analysis

    Explore 72 multifamily properties for sale in Monterey, CA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 8,469 square feet of properties for sale, with an estimated market value of $4,000,000.

    Sale prices for multifamily properties in Monterey, CA start at $1,650,000, averaging $2,000,000, and reaching up to $2,350,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
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    Top Commercial Asset Segments

    Quadplexes 2
    Triplexes 2
    Duplexes 1

    Property Size Breakdown

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

    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 median listing prices of real estate assets

    Neighborhood Average Price
    93940 $1.8M

    Taxes & Financing

    Tax Rate (average for all types) 0.92%
    Property Tax per SF $9.11 per sq ft
    Tax Rate vs County Average 0.12 pp below county avg
    Average Loan-to-Value 65.0%

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