291 Watson Street, Monterey, California 93940, Monterey, 93940 - 0 bed, 0 bath
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Monterey, California 93940
This Monterey Triplex Investment is listed at $1,950,000, representing a stable entry point aligned with its $1,921,337 Fair Market Value. The property maintains a Fair Condition Rating and offers a primary residence paired with two rental units, maximizing Income-Generating Potential. Key features include a rare three-car garage, Distant Mountain Views, and immediate proximity to the Middlebury Institute and DLI. Its central location ensures consistent tenant demand and long-term utility. This hybrid asset is perfectly suited for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors targeting the Monterey coastal market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 291 Watson Street Subject | $1,950,000* List Price | 0 | 0 | 3,346 | $574 | - |
A 113 Seeno Street Active Under Contract | $1,395,000 List Price | 0 | 0 | 2,517 | $554 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1929, this property appears well-maintained from the exterior with mature landscaping and a classic aesthetic. However, the listing describes the interior as 'functional' rather than renovated, and the property analysis notes that vintage systems may require modernization. Without evidence of a full recent renovation, the property fits the 'fair' criteria as an aged but maintained home that likely requires minor updates to meet contemporary standards.
This triplex configuration, featuring a primary single-family residence and two additional units, offers exceptional flexibility for multi-generational living or high-demand rental income.
Situated just blocks from downtown Monterey, the property is within walking distance to the Middlebury Institute, DLI, and local amenities, ensuring strong tenant appeal and long-term value.
Rare for the area and vintage, the property includes a three-car garage and two large storage areas, providing significant utility and convenience for residents.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3346, other record living area = 1465.
Originally constructed in 1929, the property may require specialized upkeep or modernization of older systems to meet contemporary standards and efficiency.
Local middle and elementary schools carry lower ratings (3 and 5 respectively), which may be a consideration for families prioritizing top-tier public education.
Set behind a classic white picket fence you will find this Monterey 3-plex gem. Featuring a single-family residence with 2 bedrooms, 1 bath, hardwood floors, high ceilings and fireplace in the front, along with two separate units in the back. Offering a total of 4 bedrooms and 4 bathrooms, the property brings a unique investment or multi-generational opportunity for the next fortunate owner. Inside you will find functional living spaces across the units, a three-car garage with two large storage areas providing ample parking and additional utility all on a 6,700 SF lot. Close to everyday conveniences, blocks from downtown Monterey it is within walking distance to shops and restaurants as well as the Middlebury Institute and the DLI. This is your opportunity calling, are you picking up?
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1929 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 25, 2026
$1,950,000
Initial Listing
Feb 3, 2017
$1,079,000
Public Record