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Monterey, CA, 93940 • New Monterey • Monterey County
$681/sqft
Down payment assistance available
6Beds
3Baths
2,204Sqft
0.14 acLot
1958Built
3-Car Garage
Detached
This home is getting attention
Listed 67 days ago · 1,436 views · 37 saves
Demand and pricing signals for this listing
1,436 views
People checking out this listing
37 saves
Buyers have saved this home
67 days on market
Established listing
$681/sqft
Price per square foot
Multi Family · Built 1958
Rare opportunity to acquire a well-located triplex in the heart of New Monterey. This property features three single-level units with functional, well-designed layouts and attractive finishes that appeal to todays tenants. Ideally positioned within easy walking distance to Downtown Monterey, residents can enjoy quick access to shops, restaurants, and everyday conveniences. The beach, Cannery Row, Monterey Bay Aquarium, and other iconic Monterey amenities are just a short stroll away, making this an exceptionally desirable rental location. Close proximity to the Defense Language Institute, Middlebury Institute of International Studies, and Naval Postgraduate School creates consistent rental demand and contributes to a strong, healthy rent roll. The property has been well maintained and offers a turnkey investment with long-term upside in one of Montereys most sought-after neighborhoods. Offered for the first time on the market, this is a rare chance to own a legacy multifamily asset in a prime coastal location with proven income performance and excellent walkability.
Standout features identified
Our analysis highlights attractive finishes, functional well-designed layouts, and three single-level units as key attractions of this home.
Based on current rates
Est. 6.36% rate · 30yr fixed · $1,200,000 loan
Full calculator →Key facts and listing details
6 categories of property features
Market data and value estimates
2 schools rated nearby
Monterey, CA, 93940
1 event
25 years of records
Local context around this listing
Monterey, CA • Monterey County
Nearby neighborhoods
Nearby cities
Nearby zip codes
Based on information from the MLSListings MLS as of 2026-04-07 21:24:56 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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