1200 W Market Cir - Apartments FOR SALE


Salinas, CA 93901- Greater Salinas
$2,300,000 USD
831-601-8936
1200 W Market Cir, Salinas, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/25
null | 5.15% Cap Rate

1200 W Market Cir
Salinas, CA 93901
Greater Salinas


OVERVIEW

Rare 11-unit rental property on a large lot in a convenient Salinas location. 1200 W Market Street offers a strong income-producing opportunity with a fantastic rent roll, steady renter pool, and close proximity to shopping, employment centers, dining, services, and commuter routes. The spacious lot provides ample storage, generous outdoor space, and flexibility for future value-add opportunities. With room for possible expansion and an ideal layout to explore additional development, this property presents meaningful upside potential for investors seeking both current income and long-term growth. A well-positioned multifamily asset in one of Salinas most accessible areas, offering scale, location, and future possibilities. Buyer to verify development potential, unit count, rents, zoning, and all property details.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$393 USD /SF

# OF UNITS

9

PRICE/UNIT

$255,556

CAP RATE

5.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

HDR8

APN/PARCEL ID

207-011-020-000

ASK ABOUT THIS PROPERTY

Kevin CesarioC&C Property ManagementMore Info
831-601-8936

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Kevin CesarioC&C Property ManagementMore Info
831-601-8936

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.