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136 Market St
For Sale $1,945,000 ($864.44 per Sq Ft)
$1,945,000 ($864.44 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 2,250 Sq Ft
- 9,409 Sq Ft
Description
Outstanding rental property investment opportunity in central Santa Cruz! Well maintained triplex with many recent improvements, highly desirable two-bedroom apartments, and a strong rental history. Ideally located near the rapidly growing downtown area with a Very walkable and Bikers Paradise Offers easy access to restaurants, shops, Whole Foods Market, Highway 1, the pier, Boardwalk, and beaches. Each unit has a private outdoor patio area and rare attached two-car garage that provides ample options for off-street parking, storage, and bonus living space. Below market rents compared to current Zillow rental rates provide an opportunity to improve cash flow and property value by raising rents to market rates upon tenant turnover. Upside potential, lower operating expenses due to improvements, and the potential for long-term value appreciation make this an excellent investment opportunity in a prime Santa Cruz location. Recent improvements include a newer roof, exterior paint job, sewer lateral replacement, water main replacement, newer water heaters, and interior flooring updates. Triplexes in Santa Cruz with this excellent condition, desirability, and long-term stability are rare in Santa Cruz. Don't miss this opportunity!
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,945,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 2,250 |
| Number of Stories | 1 stories |
| Parking Spots | 6 spots |
| Year Built | 1976 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 00833323 |
| MLS # | ML82028725 |
| Property ID | 322429852 |
| Lot Sqft | 9,409 |
| Zoning | R-1-5 |
| Days on Market | 75 |
| Original List Price | $1,995,000 |
| Applicances | Dishwasher,Disposal,Refrigerator,Range Hood% |
| Date Updated | February 06, 2026 |
| Date Created | December 03, 2025 |
Listing Provided By
Marshall Keneipp an agent of . Lic #02115477
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 06, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT