136 Market Street, SANTA CRUZ, CA 95062 (MLS # ML82028897)
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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!
| LAST UPDATED | 1/2/2026 | YEAR BUILT | 1976 |
|---|---|---|---|
| GARAGE SPACES | 6.0 | COUNTY | Santa Cruz |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | De Laveaga Elementary |
|---|---|
| Jr. High School | Branciforte Middle School |
| High School | Santa Cruz High |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher, Disposal, Electric Range, Range Hood, Refrigerator |
| BASEMENT | Crawl Space |
| EXTERIOR | Balcony |
| GARAGE | Attached Garage, Yes |
| HEAT | Electric |
| LOT | 9409 sq ft |
| LOT DIMENSIONS | 9409.00 |
| PARKING | Attached |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| WATER | Public |
| ZONING | R-1-5 |
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Based on information from MLSListings MLS as of 1/8/26 1:51 AM PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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This IDX solution is (c) Diverse Solutions 2026.
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