291 Watson Street Monterey, CA ^$ 1,950,000

291 Watson Street

^$ 1,950,000

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291 Watson Street

Monterey, CA, 93940

^$ 1,950,000

Studio Baths0.0 Sq 3,346

Monthly Estimate*

^$ 12,006

Listed by Coldwell Banker Realty

291 Watson Street, Monterey, CA 93940 - Image 1

291 Watson Street, Monterey, CA 93940 - Image 2

291 Watson Street, Monterey, CA 93940 - Image 3

291 Watson Street, Monterey, CA 93940 - Image 4

291 Watson Street, Monterey, CA 93940 - Image 5

291 Watson Street, Monterey, CA 93940 - Image 6

Studio

Multi-Family Home for sale in Monterey, CA

for $1,950,000. This 3,346 square foot home was built in 1929 on a lot size of 0.1538.

Set behind a classic white picket fence you will find this Monterey 3-plex gem. Featuring a single-family residence with 2 bedrooms, 1 bath, hardwood floors, high ceilings and fireplace in the front, along with two separate units in the back. Offering a total of 4 bedrooms and 4 bathrooms, the property brings a unique investment or multi-generational opportunity for the next fortunate owner. Inside you will find functional living spaces across the units, a three-car garage with two large storage areas providing ample parking and additional utility all on a 6,700 SF lot. Close to everyday conveniences, blocks from downtown Monterey it is within walking distance to shops and restaurants as well as the Middlebury Institute and the DLI. This is your opportunity calling, are you picking up?

Multi-Family Contingent

Price

^$ 1,950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 14,700

Style

Lot Size

0.1538

Year Built

1929

Town/City

Monterey

County/Region

Monterey

MLS | Web ID

ML82040164

Days on Market

Features

General

Living Area 3346

Sewer Public Sewer

Heating Space Heater Wall Furnace

Cooling None

Roof Composition

Zoning Multi-Family

Garage Spaces 3

Security Features Security Lights

Year Built 1929

Property Subtype Triplex

Accessibility None

County Monterey

Insurance Expense 1666

Property Type Residential Income

HOA false

MaintenanceExpense 5000

Garage Y/N true

Special Listing Conditions Standard

Status Active Under Contract

Directions Cross Street: Franklin

City Monterey

High School District Other

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 6700

Carport Spaces 0

Tax Annual Amount 14700

Trash Expense 1264

Standard Status Active Under Contract

Occupancy Type Tenant

Year Built Source Other

Property Sub Type Additional Triplex

Cap Rate 2.93

Interior

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Water Source Public

Total Parking 4

Lot Size Area 6700

Foundation Details Pillar/Post/Pier

Number of Buildings 2

Building Area Total 3346

Lot Size Acres 0.1538

Lot Size Source Other

* Excluded Features

List By

Coldwell Banker Realty

Broker

mamalu369@aol.com

Affordability Calculator

$13,231

Per Month

Monthly Principal & Interest: $12,006
Monthly Property Taxes: $1,225
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 Monterey, CA

Average List Price ^$1,676,250

Percent of Sale Price 14%

About Monterey, CA

29,815 Population

2% Since 2002

^$74,167 Median Income

38.42 Median Age

20% 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
3/25/2026	$1,950,000		Listed Price

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291 Watson Street, Monterey, CA, 93940 is a Multi-Family Home for sale at $1,950,000 with 3,346 sqft and a lot size of 0.1538. 291 Watson Street is a studio with 0.0 baths and was built in 1929. The property's zip code is 93940 which is in Monterey, 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 3/29/2026. 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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291 Watson Street

Multi-Family Home for sale in Monterey, CA

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