615 Terrace ST
Salinas, CA, 93905
$725,000
Beds
0 Baths
1,607 SqFt
0.13 Acres
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MLS #ML82039241 image #0
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!

Property Details

Price:
$725,000
MLS #:
ML82039241
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Triplex
Neighborhood:
699notdefined
Listed Date:
Mar 18, 2026
Finished Sq Ft:
1,607
Total Sq Ft:
1,607
Lot Size:
5,674 sqft / 0.13 acres (approx)
Year Built:
1951
699 – Not Defined699notdefinedOther

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Schools

School District:
Other

Interior

Cooling
NO
Heating
WL

Exterior

Accessibility Features
NO
Parking Spots
3
Parking Total
3
Roof
CMP

Financial

Maintenance Fee
$500
Taxes
$7,750

Map

Community

Market Summary

Current real estate data for Single Family in Salinas as of Apr 24, 2026
174
Single Family Listed
52
Avg DOM
520
Avg $ / SqFt
$941,963
Avg List Price

Property Summary

    615 Terrace ST Salinas CA is a Single Family for sale in Salinas, CA, 93905. It is listed for $725,000 and features 0 beds, 0 baths, and has approximately 1,607 square feet of living space, and was originally constructed in 1951. The current price per square foot is $451. The average price per square foot for Single Family listings in Salinas is $520. The average listing price for Single Family in Salinas is $941,963.

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