615 Terrace Street, Salinas, CA 93905

Salinas
Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
615 Terrace Street,Salinas, CA 93905
$775,000
  • - Beds
  • - Baths
  • 1,607 sq. ft.
  • Multi-family
  • Active
Listed by: sean griffin831-262-1955
Office: agency one real estate
MLS#:82039241
Source:CAREIL

Price summary

  • Price:$775,000
  • Price per sq. ft.:$482.27

About this home

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!

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Home facts

  • Year built:1951
  • Listing ID #:82039241
  • Added:5 day(s) ago
  • Updated:March 24, 2026 at 04:33 PM

Rooms and interior

  • Living area:1,607 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Roof:Composition
  • Year built:1951
  • Building area:1,607 sq. ft.
  • Lot area:0.13 Acres
  • Foundation Description:Concrete Slab

Utilities

  • Water:City/Public
  • Sewer:Sewer - Public

Finances and disclosures

  • Price:$775,000
  • Price per sq. ft.:$482.27

Parking

  • Parking description:Common Garage
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