615 Terrace Street, Salinas, CA 93905

• 5 beds
• 1,607 sqft

Property 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!

Listing Status:

Pending

Date Added:

March 18, 2026

Data Last Updated:

April 3, 2026 at 7:06AM

Listing Office:

Agency One Real Estate : 831-262-1955

Listing Agent:

Sean Griffin : 831-262-1955

MLS ID:

ML82039241

Interior

• A/C: No Air Conditioning
• Heating: Wall Furnace

Location

• School District: Salinas Union High
• County: Monterey

Lot

• Zoning: HDR004081025000