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    Pacific Grove, CA Multifamily Properties for Sale

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    Monterey, CA Pebble Beach, CA Carmel, CA Seaside, CA Sand City, CA Del Rey Oaks, CA Marina, CA Carmel Valley, CA
    Duplex with Separate Outdoor Spaces
    Updated: Aug 31, 2025
    Duplex with Separate Outdoor Spaces

    1186 Jewell Avenue, Pacific Grove, CA 93950

    $1,995,000
    2,427 sqft 0.25 AC lot
    Legal duplex with 3‑bedroom, 2‑bath front unit and 2‑bedroom, 1‑bath rear unit
    2,427 square feet on a quarter‑acre parcel
    Separate entrances, full kitchens, fireplaces, and private outdoor areas for both units
    Breezeway separates the two residences
    Mature gardens, fruit trees, and deer‑resistant vegetable gardens
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    Updated Triplex with Private Entrances
    Updated: Jul 21
    Updated Triplex with Private Entrances

    410 Pine Ave, Pacific Grove, CA 93950

    $2,199,000
    Three‑unit triplex with a separate entrance, kitchen, bedrooms, bathroom, and laundry area for each residence
    Individual utility metering for all three units
    Recent improvements include sewer lateral, appliances, flooring, lighting, water heaters, and a Tesla Level 2 charger
    Deck, lawn, and outdoor entertaining areas
    Walk Score 80, Bike Score 77, and Transit Score 34
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    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.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    11-Unit Apartment Building
    11-Unit Apartment Building

    818 Sunset Dr, Pacific Grove, CA 93950

    Contact for pricing
    8,848 sqft

    Fully leased multifamily property with 11 units in western Pacific Grove.

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    Turn-Key Renovated Apartment Building
    Turn-Key Renovated Apartment Building

    2 Moreland Avenue, Pacific Grove, CA 93950

    Contact for pricing

    Fully renovated 12-unit apartment property with gas and electric tenant billing and landlord-paid utilities for garbage, sewer, and water.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 5 Active listings in Pacific Grove, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 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.

    8-Unit Apartment Building with Carports
    8-Unit Apartment Building with Carports

    979 Hilby Avenue, Seaside, CA 93955

    $2,450,000
    6,048 sqft

    Most residences feature interior upgrades, complemented by shared laundry facilities and covered parking.

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    Cottage Apartment Property
    Cottage Apartment Property

    870 Alice Street, Monterey, CA 93940

    $2,300,000
    440 sqft

    Seven detached cottages with shared laundry, garage storage, and landscaped outdoor sitting areas in Monterey.

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    Updated Manufactured Home in Park
    Updated Manufactured Home in Park

    43-835 Kimball Ave, Seaside, CA 93955

    $160,000
    444 sqft

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

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    Apartment Complex with Ocean Views
    Apartment Complex with Ocean Views

    800 Lyndon St, Monterey, CA 93940

    Contact for pricing

    Well-maintained apartment complex in Monterey with ocean views and units updated in 2019.

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    Off-Market Properties in Pacific Grove, CA

    Consider similar Off-Market properties in Pacific Grove, 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.

    128 19th St
    APARTMENT HOUSE (5+ UNITS)

    128 19th St, Pacific Grove, CA 93950-2657

    $795,000
    Estimated value
    4,797 sqft 0.06 AC lot
    View details
    2711 Ransford Ave
    APARTMENT HOUSE (5+ UNITS)

    2711 Ransford Ave, Pacific Grove, CA 93950-5143

    $1,655,000
    Estimated value
    6,825 sqft 0.22 AC lot
    View details
    2721 Ransford Ave
    APARTMENT HOUSE (5+ UNITS)

    2721 Ransford Ave, Pacific Grove, CA 93950-5141

    $1,210,000
    Estimated value
    6,556 sqft 0.16 AC lot
    View details
    225 Grv Acre Ave
    APARTMENT HOUSE (5+ UNITS)

    225 Grv Acre Ave, Pacific Grove, CA 93950-2346

    $1,510,000
    Estimated value
    2,880 sqft 0.34 AC lot
    View details
    419 Frst Ave
    APARTMENT HOUSE (5+ UNITS)

    419 Frst Ave, Pacific Grove, CA 93950-4231

    Value Estimation by Request
    7,234 sqft 0.18 AC lot
    View details
    410 Central Ave
    APARTMENT HOUSE (5+ UNITS)

    410 Central Ave, Pacific Grove, CA 93950-2836

    $1,955,000
    Estimated value
    2,841 sqft 0.17 AC lot
    View details
    618 Fountain Ave
    APARTMENT HOUSE (100+ UNITS)

    618 Fountain Ave, Pacific Grove, CA 93950

    $2,580,000
    Estimated value
    17,435 sqft 0.57 AC lot
    View details
    188 Laurel Ave
    APARTMENT HOUSE (5+ UNITS)

    188 Laurel Ave, Pacific Grove, CA 93950

    $610,000
    Estimated value
    4,275 sqft 0.23 AC lot
    View details
    David Ave
    APARTMENT HOUSE (5+ UNITS)

    David Ave, Pacific Grove, CA 93950

    $215,000
    Estimated value
    3,418 sqft 0.26 AC lot
    View details
    585 Ocean Vw Blvd
    APARTMENT HOUSE (5+ UNITS)

    585 Ocean Vw Blvd, Pacific Grove, CA 93950-2648

    $1,520,000
    Estimated value
    9,204 sqft 0.21 AC lot
    View details
    4 Arkwright Ct
    APARTMENT HOUSE (5+ UNITS)

    4 Arkwright Ct, Pacific Grove, CA 93950-5331

    $255,000
    Estimated value
    0.21 AC lot
    View details
    5 Arkwright Ct
    APARTMENT HOUSE (5+ UNITS)

    5 Arkwright Ct, Pacific Grove, CA 93950-5358

    $295,000
    Estimated value
    0.24 AC lot
    View details
    740 Crocker Ave
    APARTMENT HOUSE (100+ UNITS)

    740 Crocker Ave, Pacific Grove, CA 93950-3736

    $3,445,000
    Estimated value
    4,728 sqft 0.55 AC lot
    View details
    845 Lighthouse Ave
    APARTMENT HOUSE (5+ UNITS)

    845 Lighthouse Ave, Pacific Grove, CA 93950-2531

    $2,585,000
    Estimated value
    4,770 sqft 0.18 AC lot
    View details
    765 Lighthouse Ave
    APARTMENT HOUSE (5+ UNITS)

    765 Lighthouse Ave, Pacific Grove, CA 93950-2572

    $250,000
    Estimated value
    524 sqft 0.28 AC lot
    View details
    200 17th Mile Dr
    APARTMENT HOUSE (5+ UNITS)

    200 17th Mile Dr, Pacific Grove, CA 93950-2441

    $735,000
    Estimated value
    5,313 sqft 0.23 AC lot
    View details
    315 Park St
    APARTMENT HOUSE (5+ UNITS)

    315 Park St, Pacific Grove, CA 93950

    $1,420,000
    Estimated value
    10,368 sqft 0.32 AC lot
    View details
    489 Laurel Ave
    APARTMENT HOUSE (5+ UNITS)

    489 Laurel Ave, Pacific Grove, CA 93950-3444

    $1,495,000
    Estimated value
    2,327 sqft 0.14 AC lot
    View details
    818 Sunset Dr
    APARTMENT HOUSE (5+ UNITS)

    818 Sunset Dr, Pacific Grove, CA 93950-4728

    $875,000
    Estimated value
    8,848 sqft 0.27 AC lot
    View details

    Pacific Grove, CA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Pacific Grove, CA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 12,884 square feet of properties for sale, with an estimated market value of $5,543,000.

    Sale prices for multifamily properties in Pacific Grove, CA start at $1,349,000, averaging $1,847,666, and reaching up to $2,199,000 — 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

    Duplexes 3
    Apartment buildings 2
    Quadplexes 1
    Triplexes 1

    Demographics Overview

    Population 15K
    Population Growth (5Y) -3.8%
    Median Household Income $105,568
    College Educated 87.3%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    93950 $1.8M

    Taxes & Financing

    Tax Rate (average for all types) 1.10%
    Property Tax per SF $9.94 per SF
    Tax Rate vs County Average 0.06 pp above 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)

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