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 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!
Property Details
Price:
$1,995,000
MLS #:
ML82028725
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Triplex
Neighborhood:
699notdefined
Listed Date:
Dec 3, 2025
Finished Sq Ft:
2,250
Total Sq Ft:
2,250
Lot Size:
9,409 sqft / 0.22 acres (approx)
Year Built:
1976
See this Listing
Schools
School District:
Other
Elementary School:
Other
Middle School:
Other
High School:
Santa Cruz
Interior
Appliances
DW, GD, RF, HOD
Cooling
NO
Flooring
LAM, CARP
Heating
ELC
Exterior
Roof
SHN
Financial
Maintenance Fee
$3,000
Taxes
$3,010
Map
Community
- Address136 Market ST Santa Cruz CA
- CitySanta Cruz
- CountySanta Cruz
- Zip Code95062
Subdivisions in Santa Cruz
Market Summary
Current real estate data for Single Family in Santa Cruz as of Dec 10, 2025
113
Single Family Listed
419
Avg DOM
1,100
Avg $ / SqFt
$2,000,250
Avg List Price
Property Summary
- 136 Market ST Santa Cruz CA is a Single Family for sale in Santa Cruz, CA, 95062. It is listed for $1,995,000 and features 0 beds, 0 baths, and has approximately 2,250 square feet of living space, and was originally constructed in 1976. The current price per square foot is $887. The average price per square foot for Single Family listings in Santa Cruz is $1,100. The average listing price for Single Family in Santa Cruz is $2,000,250.
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