
Salinas, California 93901
This duplex represents a High-Potential Investment Opportunity, listed at $695,000—positioned well above the $680,821 Fair Market Value by -2%. Featuring a Condition Rating of 3, the property offers stable cash flow through long-term Section 8 tenants and supplemental income from on-site laundry. Recent capital improvements, including a new roof and updated interiors, minimize immediate maintenance requirements. Its prime location near Hartnell College ensures consistent rental demand. This asset is an ideal acquisition for Buy-and-Hold Investors or Income-Focused Portfolios seeking a stabilized, low-turnover rental property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 219 Lang Street Subject | $695,000* List Price | 0 | 0 | 967 | $704 | - |
A 612 Central Avenue Active | $779,000 List Price | 0 | 0 | 1,256 | $620 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1910, the property has undergone recent renovations including a new roof overlay, plumbing upgrades, and updated kitchens and bathrooms. The interior features well-maintained laminate flooring and functional cabinetry, making it move-in ready and consistent with a 5-15 year old renovation cycle.
Situated in the highly desirable Mission Park area of South Salinas, the property is ideally located near Hartnell College and major transit lines, ensuring high tenant demand and long-term desirability.
The duplex is fully occupied by long-term Section 8 tenants and generates supplemental income from on-site laundry and storage facilities, providing a reliable and diversified revenue stream.
Significant recent upgrades, including a new roof overlay, plumbing updates, and modernized kitchens and bathrooms, reduce the immediate need for capital expenditures and enhance property value.
With a total of only 967 square feet for two units, the individual living areas are quite compact, which may limit future rental increases or appeal to tenants seeking more spacious accommodations.
The property has been on the market for 47 days and has undergone two price reductions, suggesting that the initial pricing may have been misaligned with current market conditions or buyer expectations.
Fully occupied duplex income property in one of South Salinas most desirable neighborhoods. Currently occupied by stable, long-term Section 8 tenants, providing reliable income with minimal turnover. Additional income is generated from on-site laundry facilities & a shed. Located in the sought-after Mission Park area of South Salinas, the property sits near Hartnell College, schools, bus lines, and major freeways, ensuring strong tenant demand. A shared driveway provides convenient parking for residents. Recent upgrades, including a new roof overlay, plumbing upgrades, updated kitchens & baths, which all add to the property's appeal and reduce near-term capital needs.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 967 | 1,713 |
| Lot Size | 5,200 | 12,600 |
| Price | $695.0K | $815.8K |
| Price per sq ft | $719 | $363 |
| Built year | 1910 | 1938 |
| HOA | $0 | $0 |
| Days on market | 62 | 30 |
Aug 25, 2026
$695,000
$725,000
-4% Price Drop
Initial Listing
Aug 11, 2026
$725,000
$745,000
-3% Price Drop
Initial Listing
Jul 9, 2026
$745,000
Initial Listing
Feb 27, 2025
$670,000
Public Record
Aug 31, 2005
$400,000
Public Record