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.
Details
MLS #
ML82046180
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Year
1914
Days On Site
121
Listing Provided By
Real Brokerage Technologies | The C Group
Features
SQ Feet
5,853
Units
11
Building(s)
3
Zoning
HDR 8
Acreage
0.13
Interior
Cooling
None
Heating
Electric, Wall Furnace
Heating Yes / No
Yes
Cooling Yes / No
Yes
Exterior
Roof
Composition
Taxes
Property
24494
Area Information
State
CA
County
Monterey
City
Salinas
Zip Code
93901
Area
699 Not Defined
Listing VS Median (in 93901)
Price: $1,900,000
low | high
Med: $799,000
100% of Average
sqft: 5,853
low | high
Med: 1,542
100% of Average
$ / sqft: $325
low | high
Med: $518
9.620008191685% of Average
On site: 121
low | high
Med: 65
100% of Average
Sourced by Back At You
Market Activity 93901
Date
Sales
Avg $ Per SqFt
Min Sale Price
Max Sale Price
Med Sale Price
Date: Jul 2026
Sales: 6
Avg $ Per SqFt: $567.7
Min Sale Price: $590,000
Max Sale Price: $885,000
Med Sale Price: $760,000
Date: Jun 2026
Sales: 5
Avg $ Per SqFt: $499.47
Min Sale Price: $560,000
Max Sale Price: $975,000
Med Sale Price: $792,999
Date: May 2026
Sales: 7
Avg $ Per SqFt: $469.92
Min Sale Price: $595,000
Max Sale Price: $980,000
Med Sale Price: $836,000
Date: Apr 2026
Sales: 9
Avg $ Per SqFt: $503.75
Min Sale Price: $650,000
Max Sale Price: $1,140,000
Med Sale Price: $820,000
Date: Mar 2026
Sales: 11
Avg $ Per SqFt: $476.68
Min Sale Price: $615,000
Max Sale Price: $940,000
Med Sale Price: $800,000
Date: Feb 2026
Sales: 8
Avg $ Per SqFt: $515.23
Min Sale Price: $335,000
Max Sale Price: $910,000
Med Sale Price: $792,000
Date: Jan 2026
Sales: 9
Avg $ Per SqFt: $487.65
Min Sale Price: $595,000
Max Sale Price: $1,175,000
Med Sale Price: $842,000
Date: Dec 2025
Sales: 2
Avg $ Per SqFt: $518.25
Min Sale Price: $689,000
Max Sale Price: $690,000
Med Sale Price: $689,500
Date: Nov 2025
Sales: 4
Avg $ Per SqFt: $411.98
Min Sale Price: $300,000
Max Sale Price: $985,000
Med Sale Price: $671,500
Date: Oct 2025
Sales: 1
Avg $ Per SqFt: $
Min Sale Price: $315,000
Max Sale Price: $315,000
Med Sale Price: $315,000
Date: Sep 2025
Sales: 1
Avg $ Per SqFt: $488.88
Min Sale Price: $835,000
Max Sale Price: $835,000
Med Sale Price: $835,000
Sourced by Back At You
Jul 2026
Sales:
6
Avg $ Per SqFt:
$567.7
Min Sale Price:
$590,000
Max Sale Price:
$885,000
Med Sale Price:
$760,000
Jun 2026
Sales:
5
Avg $ Per SqFt:
$499.47
Min Sale Price:
$560,000
Max Sale Price:
$975,000
Med Sale Price:
$792,999
May 2026
Sales:
7
Avg $ Per SqFt:
$469.92
Min Sale Price:
$595,000
Max Sale Price:
$980,000
Med Sale Price:
$836,000
Apr 2026
Sales:
9
Avg $ Per SqFt:
$503.75
Min Sale Price:
$650,000
Max Sale Price:
$1,140,000
Med Sale Price:
$820,000
Mar 2026
Sales:
11
Avg $ Per SqFt:
$476.68
Min Sale Price:
$615,000
Max Sale Price:
$940,000
Med Sale Price:
$800,000
Feb 2026
Sales:
8
Avg $ Per SqFt:
$515.23
Min Sale Price:
$335,000
Max Sale Price:
$910,000
Med Sale Price:
$792,000
Jan 2026
Sales:
9
Avg $ Per SqFt:
$487.65
Min Sale Price:
$595,000
Max Sale Price:
$1,175,000
Med Sale Price:
$842,000
Dec 2025
Sales:
2
Avg $ Per SqFt:
$518.25
Min Sale Price:
$689,000
Max Sale Price:
$690,000
Med Sale Price:
$689,500
Nov 2025
Sales:
4
Avg $ Per SqFt:
$411.98
Min Sale Price:
$300,000
Max Sale Price:
$985,000
Med Sale Price:
$671,500
Oct 2025
Sales:
1
Avg $ Per SqFt:
$
Min Sale Price:
$315,000
Max Sale Price:
$315,000
Med Sale Price:
$315,000
Sep 2025
Sales:
1
Avg $ Per SqFt:
$488.88
Min Sale Price:
$835,000
Max Sale Price:
$835,000
Med Sale Price:
$835,000
MLS#: ML82046180 Listed By: The C Group - Real Brokerage Technologies - 6196638680-
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MLS#: ML82046180 Listed By: The C Group - Real Brokerage Technologies - 6196638680-
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