136 Market Street, Santa Cruz, CA 95062

• 6 beds
• 2,250 sqft

Property 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 rating per Walkscore.com. 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!

Listing Status:

Active

Date Added:

December 4, 2025 at 06:00AM

Listing Office:

Miritz & Bailey Real Estate, Inc : 831-588-4528

Listing Agent:

Marshall Keneipp : 303-913-8113

MLS ID:

ML82028725

Interior

• Flooring: Laminate
• A/C: No Air Conditioning
• Heating: Electric

Location

• School District: Santa Cruz City High
• County: Santa Cruz

Lot

• Zoning: R-1-00833323

This listing courtesy of Marshall Keneipp, Miritz & Bailey Real Estate, Inc