615 Terrace Street, Salinas, CA 93905
List Price: $725K
Listing Status: ActiveUnderContract
Original List Price: $775K
0Close Date: 2026-06-04
Days on Market: 38
0 Bedrooms · 0 Bathrooms · 1,607 sq ft
Property Type: ResidentialIncome
Year Built: 1951
Lot Size: 5,674 sq ft
Annual Property Tax: $7,750
MLS Number: ML82039241
About This Property
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 provided by: Sean Griffin DRE #01466508 (831) 262-1955 sean@agencyonerealestate.com, Agency One Real Estate
Source: CRMLS, MLS #: ML82039241
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.