W Franklin Street Monterey, CA ^$ 1,649,000

W Franklin Street

^$ 1,649,000

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Recently Listed

W Franklin Street

Monterey, CA, 93940

^$ 1,649,000

Studio Baths0.0 Sq 1,707

Monthly Estimate*

^$ 10,153

Listed by Coldwell Banker Realty

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Studio

Multi-Family Home for sale in Monterey, CA

for $1,649,000. This 1,707 square foot home was built in 1932 on a lot size of 0.2074.

"Hansel & Gretel" Fairy tale homes with a ship builders influence in these charming homes just two blocks to downtown Monterey. Main house boasting 2 bedrooms/2 baths plus private backyard full of lemons and sunshine. Separate guest cottage with high ceilings and private back yard as well as front patio with lush landscaping. All the charm with thick plaster walls, vaulted ceilings, rolling roof. These darling homes located in the highly desirable Old Town Monterey Neighborhood.

Multi-Family Active

Price

^$ 1,649,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 6,000

Style

Lot Size

0.2074

Year Built

1932

Town/City

Monterey

County/Region

Monterey

MLS | Web ID

ML82049002

Days on Market

Features

General

Living Area 1707

Sewer Public Sewer

Heating Floor Furnace Wall Furnace

Cooling None

Possession Negotiable

Roof Composition

Appliances Refrigerator Vented Exhaust Fan

Zoning R 3-6

Garage Spaces 1

Architectural Style Tudor

Year Built 1932

Property Subtype Duplex

Accessibility Parking

County Monterey

Insurance Expense 1500

Property Type Residential Income

HOA false

MaintenanceExpense 0

Garage Y/N true

Special Listing Conditions Standard

Status Active

Directions Cross Street: Van Buren Street

City Monterey

High School District Other

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 9035

Carport Spaces 0

Tax Annual Amount 6000

Trash Expense 0

Standard Status Active

Occupancy Type Tenant

Year Built Source Assessor

Property Sub Type Additional Duplex

Cap Rate 4.09

Interior

Flooring Carpet

Total Stories 2

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Parking Features Off Street

Water Source Public

Total Parking 2

Lot Size Area 9035

Number of Buildings 2

Building Area Total 1707

Lot Size Acres 0.2074

Lot Size Source Assessor

* Excluded Features

List By

Coldwell Banker Realty

Broker

debac@sbcglobal.net

Affordability Calculator

$10,653

Per Month

Monthly Principal & Interest: $10,153
Monthly Property Taxes: $500
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 ^$1,884,500

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
5/29/2026	$1,649,000		Listed Price

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W Franklin Street, Monterey, CA, 93940 is a Multi-Family Home for sale at $1,649,000 with 1,707 sqft and a lot size of 0.2074. W Franklin Street is a studio with 0.0 baths and was built in 1932. 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 6/1/2026. 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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W Franklin Street

Multi-Family Home for sale in Monterey, CA

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