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    Salinas, CA Multifamily Properties for Sale

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    Duplex with Detached Garage ADU Potential
    Updated: Jun 26
    Duplex with Detached Garage ADU Potential

    45 Sherwood DR, Salinas, CA 93901

    $499,000
    2,044 sqft 0.15 AC lot
    Cash‑only contractor special with 6500 Sq Ft on a wood‑frame structure (built in 1962)
    Front unit: 3 bedrooms and 2 bathrooms
    Back unit: 2 bedrooms and 1 bathroom
    Detached garage plus off‑street parking
    Heating: wall furnace; flooring includes tile and laminate
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    This listing looks promising.

    Here's a quick look at some key insights for

    45 Sherwood DR, SALINAS, CA 93901

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    • Est. Cap Rate

      7.2%
      Above avg (5.9%)

    • Est. NOI

      $36K
      Annual

    • Price @ 7% Cap

      $510K
      Above asking

    • Property Type

      Duplex
      Built 1962
    View Property Analytics
    Four-Unit Cottage-Style Quadplex
    Updated: Jun 12
    Four-Unit Cottage-Style Quadplex

    119 Carr AVE, Salinas, CA 93905

    $950,000
    2,050 sqft 0.17 AC lot
    4‑unit multi‑family property with four separate cottages and no shared walls for tenant privacy
    Select renovations were completed during the pandemic, blending modern updates with the original character
    Built in 1941; bungalow/Mediterranean architectural style with wood‑frame construction
    Public water service; heating provided by wall furnace
    Roof includes composition and Bituthene materials
    View details
    Duplex with Detached Garage Potential
    Duplex with Detached Garage Potential

    45 Sherwood Drive, Salinas, CA 93901

    $499,000
    2,044 sqft

    Two separate residential units plus a detached garage offer flexibility for income and possible ADU conversion.

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    Fully Rented Triplex With Fenced Yard
    Fully Rented Triplex With Fenced Yard

    615 Terrace Street, Salinas, CA 93905

    $725,000
    1,607 sqft

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

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Charming Four-Unit Multifamily Property
    Charming Four-Unit Multifamily Property

    119 Carr Ave, Salinas, CA 93905

    $950,000
    0.17 AC lot

    Unique four-unit property in Salinas with income potential.

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    Charming Duplex in South Central Salinas
    Charming Duplex in South Central Salinas

    315 3151/2 Archer Street, Salinas, CA 93901

    $870,000
    0.20 AC lot

    Duplex in the heart of South Central Salinas. Great investment!

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    Spacious Mobile Home in 55+ Community
    Spacious Mobile Home in 55+ Community

    55 San Juan Grade Rd 79, Salinas, CA 93906

    $139,995

    Two-bedroom, two-bath mobile home in a desirable 55+ community.

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    Updated Home in 55+ Community
    Updated Home in 55+ Community

    12350 Christensen Rd 76, Salinas, CA 93907

    $119,999

    Updated 2 bedroom home in a well-maintained 55+ community.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 8 Active listings in Salinas, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 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.

    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    1770 Flores ST, Seaside, CA 93955

    $1,050,000
    1,475 sqft 0.09 AC lot

    For sale in R-2 zoning: a main 2-bed home plus an attached 2-bed ADU, both currently rented month-to-month.

    View details
    Two-Unit Duplex with Attached ADU
    Two-Unit Duplex with Attached ADU

    1770 Flores Street, Seaside, CA 93955

    $1,050,000
    1,475 sqft

    Duplex plus attached 2-bedroom, 1-bath ADU with both units on month-to-month rental agreements.

    View details
    Age-Restricted Double-Wide Manufactured Home
    Age-Restricted Double-Wide Manufactured Home

    347 Carmel Ave 65, Marina, CA 93933

    $175,000

    Age-restricted double-wide with two bedrooms, two full baths, attached primary suite, laundry room, and yard.

    View details
    Charming Mobile Home in Marina
    Charming Mobile Home in Marina

    347 Carmel Ave 14, Marina, CA 93933

    $359,000

    Well-maintained 3 bed, 2 bath mobile home near Monterey Bay.

    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.

    Clearlake Land/Lot Opportunity
    Clearlake Land/Lot Opportunity

    3519 Covelo Street, Clearlake, CA 95422

    Contact for pricing
    0.13 AC lot

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

    View details
    Wofford Heights Vacant Land Opportunity
    Wofford Heights Vacant Land Opportunity

    630 Evans Rd, Wofford Heights, CA 93285

    $449,000
    3.49 AC lot

    Vacant land with lake views and development potential.

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    Scenic Land with Sweeping Views
    Scenic Land with Sweeping Views

    394 Rim Rd, Bodfish, CA 93205

    Contact for pricing
    4.37 AC lot

    4.37-acre parcel with lake, mountain, and valley views.

    View details
    Lake Isabella Build-Ready Lot
    Lake Isabella Build-Ready Lot

    2517 Webb Ave, Lake Isabella, CA 93240

    $30,000
    0.20 AC lot

    Single-family lot with utilities in established Lake Isabella neighborhood.

    View details

    Off-Market Properties in Salinas, CA

    Consider similar Off-Market properties in Salinas, 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.

    316 Williams Rd
    APARTMENT HOUSE (5+ UNITS)

    316 Williams Rd, Salinas, CA 93905-2967

    Value Estimation by Request
    2,479 sqft 0.18 AC lot
    View details
    75 Hebbron Ave
    APARTMENT HOUSE (100+ UNITS)

    75 Hebbron Ave, Salinas, CA 93905-2654

    $3,595,000
    Estimated value
    14,328 sqft 0.46 AC lot
    View details
    51 Maple St
    APARTMENT HOUSE (5+ UNITS)

    51 Maple St, Salinas, CA 93901-3250

    $1,480,000
    Estimated value
    7,321 sqft 0.29 AC lot
    View details
    17555 Pond Derosa Ln
    MOBILE HOME PARK, TRAILER PARK

    17555 Pond Derosa Ln, Salinas, CA 93907-8846

    $2,095,000
    Estimated value
    25.00 AC lot
    View details
    109 Pne St
    APARTMENT HOUSE (5+ UNITS)

    109 Pne St, Salinas, CA 93901-3248

    Value Estimation by Request
    3,850 sqft 0.22 AC lot
    View details
    1020 Del Monte Ave
    APARTMENT HOUSE (100+ UNITS)

    1020 Del Monte Ave, Salinas, CA 93905-1556

    $2,035,000
    Estimated value
    14,858 sqft 0.62 AC lot
    View details
    1112 Del Monte Ave
    APARTMENT HOUSE (100+ UNITS)

    1112 Del Monte Ave, Salinas, CA 93905-1557

    $4,515,000
    Estimated value
    22,080 sqft 2.88 AC lot
    View details
    989 Acosta Plz
    APARTMENT HOUSE (100+ UNITS)

    989 Acosta Plz, Salinas, CA 93905-1351

    $1,630,000
    Estimated value
    6,504 sqft 0.71 AC lot
    View details
    623 Palma Dr, Unit 29
    APARTMENT HOUSE (100+ UNITS)

    623 Palma Dr, Salinas, CA 93901-1531

    Unit 29
    $1,580,000
    Estimated value
    14,548 sqft 0.52 AC lot
    View details
    991 Madeira Ave
    APARTMENT HOUSE (100+ UNITS)

    991 Madeira Ave, Salinas, CA 93905-2226

    $11,030,000
    Estimated value
    2.24 AC lot
    View details
    501 Grn St
    APARTMENT HOUSE (5+ UNITS)

    501 Grn St, Salinas, CA 93905-1403

    $1,260,000
    Estimated value
    2,837 sqft 0.15 AC lot
    View details
    1058 Laurel Dr
    APARTMENT HOUSE (100+ UNITS)

    1058 Laurel Dr, Salinas, CA 93905-1356

    $2,025,000
    Estimated value
    13,842 sqft 0.32 AC lot
    View details
    335 Soledad St
    APARTMENT HOUSE (5+ UNITS)

    335 Soledad St, Salinas, CA 93901-3569

    $1,515,000
    Estimated value
    5,914 sqft 0.22 AC lot
    View details
    57 San Miguel Ave
    APARTMENT HOUSE (100+ UNITS)

    57 San Miguel Ave, Salinas, CA 93901-3051

    $1,450,000
    Estimated value
    13,759 sqft 0.85 AC lot
    View details
    665 Palma Dr
    APARTMENT HOUSE (5+ UNITS)

    665 Palma Dr, Salinas, CA 93901-1540

    $710,000
    Estimated value
    10,182 sqft 0.40 AC lot
    View details
    551 San Benito St
    APARTMENT HOUSE (5+ UNITS)

    551 San Benito St, Salinas, CA 93905-2550

    $995,000
    Estimated value
    3,955 sqft 0.17 AC lot
    View details

    Salinas, CA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Salinas, CA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 7,745 square feet of properties for sale, with an estimated market value of $2,673,000.

    Sale prices for multifamily properties in Salinas, CA start at $499,000, averaging $668,250, and reaching up to $950,000 — 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
    Mobile home & RV parks 2
    Quadplexes 2
    Apartment buildings 1
    Triplexes 1

    Demographics Overview

    Population 196K
    Population Growth (5Y) +5.0%
    Median Household Income $93,977
    College Educated 27.4%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    93901 $622.7K
    93905 $626.5K
    93906 $1.5M
    93908 $3M

    Taxes & Financing

    Tax Rate (average for all types) 1.08%
    Property Tax per SF $25.66 per SF
    Tax Rate vs County Average 0.05 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)

    Property Size Breakdown

    The majority of commercial real estate listings in Salinas fall within the 5,000 to 10,000 square foot range.

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    Most Searched ZIP Codes in Salinas, CA

    • 93901
    • 93905
    • 93906
    • 93907

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