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Listed price in listed location currency (USD).
$775,000

003

MLS® ML82039241

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 1607 sqft
Garage No
Taxes $7,750
Days Active 0
Lot Size 0.1303 acres
Approx. Age 1951
Avg. Price Per Sqft $482
MLS® Number ML82039241

Property Address: 615 Terrace St, Salinas, CA, 93905-2073

Average square foot calculated using Size range provided by listing agent.

Description

Great opportunity to own a fully rented triplex in east salinas! The front unit is a mostly remodeled 2 bedroom 1 bath unit with updated flooring, kitchen cabinets and countertops. The back unit is a 2 bedroom 1 bath with tile flooring and open floor plan with a small fenced backyard. The 3rd unit is a 1 bedroom 1 bathroom with tile flooring and storage shed in backyard. Rents are low for each unit and could easily be doubled over time, subject to Salinas rental ordinance. Owner covers trash, septic and water which potentially could be costs transferred to the tenants over time as well. There is plenty of room for improvements to be made that would reflect in an increase in equity position and cashflow for this property. Close proximity to shopping, restaurants, hwy 101 and local schools. This is truly a great investment opportunity for the right buyer!
MLS® NumberML82039241
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1303
Exterior
GarageNo
Approx. Age1951
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 18, 2026List Date
$775,000List Price
  • Commute

Commute

Starting Address
Destination Address
615 Terrace St, Salinas, CA

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