136 Market St

Beds
Baths
2,250 Sq. Ft.
$887 / Sq. Ft.
2,250
Sq. Ft.
$887
per Sq. Ft.

Description

Outstanding rental property investment opportunity in central Santa Cruz! Well maintained triplex with many recent improvements, highly desirable two-bedroom apartments, and a strong rental history. Ideally located near the rapidly growing downtown area with a Very walkable and Bikers Paradise Offers easy access to restaurants, shops, Whole Foods Market, Highway 1, the pier, Boardwalk, and beaches. Each unit has a private outdoor patio area and rare attached two-car garage that provides ample options...Outstanding rental property investment opportunity in central Santa Cruz! Well maintained triplex with many recent improvements, highly desirable two-bedroom apartments, and a strong rental history. Ideally located near the rapidly growing downtown area with a Very walkable and Bikers Paradise Offers easy access to restaurants, shops, Whole Foods Market, Highway 1, the pier, Boardwalk, and beaches. Each unit has a private outdoor patio area and rare attached two-car garage that provides ample options for off-street parking, storage, and bonus living space. Below market rents compared to current Zillow rental rates provide an opportunity to improve cash flow and property value by raising rents to market rates upon tenant turnover. Upside potential, lower operating expenses due to improvements, and the potential for long-term value appreciation make this an excellent investment opportunity in a prime Santa Cruz location. Recent improvements include a newer roof, exterior paint job, sewer lateral replacement, water main replacement, newer water heaters, and interior flooring updates. Triplexes in Santa Cruz with this excellent condition, desirability, and long-term stability are rare in Santa Cruz. Don't miss this opportunity!
  1. Listed by Marshall Keneipp • DRE #02115477 • Brokerage DRE #01988057 • Miritz & Bailey Real Estate, Inc • 303-913-8113

Property Details for 136 Market Street

MLS City Name
SANTA CRUZ
Building Type
TRIPLEX
Garage Spaces
6
Parking Spaces
0
Cross Street
Water
LISTING UPDATED: 01/27/2026 11:00 AM

Property Details for 136 Market Street

StatusActive
MLS #ML82028725
Days on Compass54
Taxes$3,010 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1976
Lot Size0.22 AC / 9,409 SF
CountySanta Cruz County

Location

Listing Courtesy of Miritz & Bailey Real Estate, Inc, Marshall Keneipp, DRE #02115477
Add your commute

Building Information for 136 Market Street

Stories1Residences3Year Built1976Building Size-Lot Size0.22 AC / 9,409 SF

Payment Calculator

$9,974 per month

30 year fixed, 6.15% Interest

Principal and Interest

$9,723

Property Taxes

$251

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 136 Market Street

Features
Room Information
  • Kitchen: Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator
Features
  • Fireplace: No
  • Flooring: Carpet, Laminate, Vinyl / Linoleum
  • Laundry: Hookups Only
  • Living SqFt: 2250
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Electric
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: East Santa Cruz
  • Roof: Shingle
  • Subclass: Triplex
  • Year Built Source: Other
  • Street Number: 136
  • Street Name: Market
  • Street Suffix: Street
  • Area ID: 42
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 1
  • Structure SqFt: 2250
  • Structure SqFt Source: Other
  • Age: 49
Development Information
  • Construction Type: Wood
  • Ownership Type: Trust
  • Zoning Detail: R-1-5
Location Information
  • City Limits: Yes
  • Directions: 136 Market Street in central Santa Cruz near the intersection of Market and Water Streets. Please park on the street, not on the property.
  • Incorporated: Yes
  • Parcel Number: 008-333-23
  • County Name: Santa Cruz
  • City Name: SANTA CRUZ
  • City Postal ID: 64
  • Postal Code: 95062
  • Elementary School: 843
  • Elementary School District: 840
  • Middle School Text: Branciforte Middle School
  • High School District Text: Santa Cruz City High
  • High School Text: Santa Cruz High
Lot Information
  • Foundation: Crawl Space
  • Horse Property: No
  • Lot Acres: .22
  • Lot Description: Regular
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
  • Yard Grounds: Balcony / Patio
Multi Family Information
Building Information
  • No Of Leased: 2
General Information
  • Annual Tax Amount: $3,010
  • Building Unit Total: 3
  • Capitalization Rate: 4.88
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $3,487
  • Expense Landscape: $0
  • Expense Maintenance: $3,000
  • Expense Management: $8,400
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $17,897
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance
  • Gross Rent Multiplier: 17.30
  • Income Annual Gross: $115,332
  • Income Annual Rental: $115,332
  • Income Gross Scheduled: $115,332
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 0
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $3,312
Unit 2 Information
  • Unit 2 Approx Square Footage: 750
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 0
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $3,099
Unit 3 Information
  • Unit 3 Approx Square Footage: 750
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Half Bathrooms: 0
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $3,200
Unit Type 1
  • Unit Type1 Approx SqFt: 750

Property History for 136 Market Street

DateEvent & SourcePriceAppreciation
Jan 2, 2026

Listed (Active)

EBRD #ML82028725

$1,995,000
Jan 2, 2026

Listed (Active)

MLSListings #ML82028725

$1,995,000
Dec 26, 2025

Temporarily Off Market

EBRD #ML82028897

$1,995,000
Dec 26, 2025

Temporarily Off Market

EBRD #ML82028725

Dec 26, 2025

Temporarily Off Market

MLSListings #ML82028897

$1,995,000
Dec 26, 2025

Temporarily Off Market

MLSListings #ML82028725

$1,995,000
Dec 5, 2025

Listed (Active)

EBRD #ML82028897

$1,995,000
Dec 5, 2025

Listed (Active)

MLSListings #ML82028897

$1,995,000
Dec 4, 2025

Listed (Active)

EBRD #ML82028725

$1,995,000
Dec 3, 2025

Listed (Active)

MLSListings #ML82028725

$1,995,000
DateEvent & SourcePrice
01/02/2026

Listed (Active)

EBRD #ML82028725

$1,995,000
01/02/2026

Listed (Active)

MLSListings #ML82028725

$1,995,000
12/26/2025

Temporarily Off Market

EBRD #ML82028897

$1,995,000
12/26/2025

Temporarily Off Market

EBRD #ML82028725

12/26/2025

Temporarily Off Market

MLSListings #ML82028897

$1,995,000
12/26/2025

Temporarily Off Market

MLSListings #ML82028725

$1,995,000
12/05/2025

Listed (Active)

EBRD #ML82028897

$1,995,000
12/05/2025

Listed (Active)

MLSListings #ML82028897

$1,995,000
12/04/2025

Listed (Active)

EBRD #ML82028725

$1,995,000
12/03/2025

Listed (Active)

MLSListings #ML82028725

$1,995,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 136 Market Street

Taxable ValueLand$33,476Additions$190,249Total$223,725
Tax Record2025$3,263 ($272 / month)
Home Facts
Baths3Total Finished SqFt2,250 SqFtAbove Grade Finished SqFt2,250 SqFtLot Size9,409 SqFtStyleTriplexYear Built1976CountySANTA CRUZAPN008-333-23

Schools near 136 Market Street

This home is within Santa Cruz City High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
De Laveaga Elementary School
PublicK to 5

Mission Hill Middle School
Public6 to 8

Harbor High School
Public9 to 12

Santa Cruz High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

136 Market Street is a multi-family home for sale in Santa Cruz, CA 95060. This property was listed for sale on December 3, 2025 by Miritz & Bailey Real Estate, Inc, it's currently listed at $1,995,000. This listing's school districts are Santa Cruz City High School District, Santa Cruz City Elementary School District. Nearby schools include De Laveaga Elementary School, Mission Hill Middle School and Harbor High School. 136 Market Street is a 0-bed, 0-bath, 2,250 sqft multi-family home built in 1976.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Miritz & Bailey Real Estate, Inc, Marshall Keneipp, DRE #02115477

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.