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615 Terrace Street, Salinas, CA 93905

Salinas
Local realty services provided by:CENTURY 21 Sierra Properties
615 Terrace Street,Salinas, CA 93905
$775,000
  • 5 Beds
  • - Baths
  • 1,607 sq. ft.
  • Multi-family
  • Active
Listed by: sean griffin
Office: agency one real estate
MLS#:ML82039241
Source:Bay East, CCAR, bridgeMLS

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 #:ML82039241
  • Added:1 day(s) ago
  • Updated:March 19, 2026 at 02:37 PM

Rooms and interior

  • Bedrooms:5
  • Living area:1,607 sq. ft.

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

  • Year built:1951
  • Building area:1,607 sq. ft.
  • Architectural Style:Triplex

Finances and disclosures

  • Price:$775,000
  • Price per sq. ft.:$482.27
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at March 19, 2026

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