615 Terrace Street Salinas, CA ^$ 775,000

615 Terrace Street

^$ 775,000

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Recently Listed

615 Terrace Street

Salinas, CA, 93905

^$ 775,000

Studio Baths0.0 Sq 1,607

Monthly Estimate*

^$ 4,772

Listed by Agency One Real Estate

615 Terrace Street, Salinas, CA 93905 - Image 1

615 Terrace Street, Salinas, CA 93905 - Image 2

615 Terrace Street, Salinas, CA 93905 - Image 3

615 Terrace Street, Salinas, CA 93905 - Image 4

615 Terrace Street, Salinas, CA 93905 - Image 5

615 Terrace Street, Salinas, CA 93905 - Image 6

615 Terrace Street, Salinas, CA 93905 - Image 7

Studio

Multi-Family Home for sale in Salinas, CA

for $775,000. This 1,607 square foot home was built in 1951 on a lot size of 0.1303.

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!

Multi-Family Active

Price

^$ 775,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 7,750

Style

Lot Size

0.1303

Year Built

1951

Town/City

Salinas

County/Region

Monterey

MLS | Web ID

ML82039241

Days on Market

Features

General

Living Area 1607

Sewer Public Sewer

Heating Wall Furnace

Cooling None

Roof Composition

Zoning HDR

Garage Spaces 0

Year Built 1951

Property Subtype Triplex

Accessibility None

County Monterey

Insurance Expense 1500

Property Type Residential Income

HOA false

MaintenanceExpense 500

Garage Y/N false

Special Listing Conditions Standard

Status Active

City Salinas

High School District Other

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 5674

Carport Spaces 0

Tax Annual Amount 7750

Trash Expense 1651

Standard Status Active

Occupancy Type Tenant

Year Built Source Assessor

Property Sub Type Additional Triplex

Cap Rate 2.8

Interior

Total Stories 1

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Water Source Public

Total Parking 3

Lot Size Area 5674

Foundation Details Slab

Number of Buildings 2

Building Area Total 1607

Lot Size Acres 0.1303

Lot Size Source Assessor

* Excluded Features

List By

Agency One Real Estate

Broker

sean@agencyonerealestate.com

Affordability Calculator

$5,418

Per Month

Monthly Principal & Interest: $4,772
Monthly Property Taxes: $646
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Salinas, CA

Average List Price ^$1,258,545

Percent of Sale Price 62%

About Salinas, CA

156,722 Population

3% Since 2002

^$53,080 Median Income

32.07 Median Age

44% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/18/2026	$775,000		Listed Price

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615 Terrace Street, Salinas, CA, 93905 is a Multi-Family Home for sale at $775,000 with 1,607 sqft and a lot size of 0.1303. 615 Terrace Street is a studio with 0.0 baths and was built in 1951. The property's zip code is 93905 which is in Salinas, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 3/20/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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615 Terrace Street

Multi-Family Home for sale in Salinas, CA

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